benson yeah I’d read they’ve been trimming their holding back cos it was starting to become too big a chunk of some of their funds.
and I like the idea of hedging that position to protect those gains in the event of a collapse in the price. I just don’t get the 3× 80% bit. That doesn’t sound like hedging to me, it sounds like you’re about effectively 1.4x short on the stock now.
perhaps I misunderstood. Whatever. Good luck to you.
