[winslow]

Could do similar things to what Mark Cuban did to hedge his exposure of Yahoo stock after the purchase of his company. Basically shorting against your holding [1].

[1] https://www.quora.com/How-did-Mark-Cuban-save-his-wealth-fro...

[LanceH]

It's not shorting if you're holding, it's just and option.

[nostromo]

People use “short” as a synonym for holding a put option all the time.

[notyourday]

Being a long on in the money PUT is called synthetic short.

[rhapsodic]

>Could do similar things to what Mark Cuban did to hedge his exposure of Yahoo stock after the purchase of his company. Basically shorting against your holding [1].

I interpreted that article to mean that he shorted the sector (Internet) that his holding (Yahoo) was part of, but without appreciably shorting his actual holding. (less than 5% of the fund he shorted.) Had the Internet sector (and therefore the fund) went up while Yahoo went down, he could have lost from both directions.