Hi Diddy, I reckon the 60m or thereabouts put and call options were initially to cover his entire bet, both the shares he owned and the ones he borrowed. But I think he has now wound back/settled most of his hedging (collar?) though it’s all a bit complicated for me on what his arrangements currently are.
Not sure why they would put such extensive arrangements in place just to then largely settle them or un wind them.
Billionaires at play.
AGL Price at posting:
$8.87 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)