ClaimsBill Ackman

“We continued to build the position thereafter by buying slightly more out of the money puts and selling further out of the money puts so as to keep the cost and risk/reward ratio of the position attractive.”

Bill Ackman, Pershing Square letter January 2016 Bill Ackman's Pershing Square Annual Investor Letter (2015 letter) (GuruFocus)

Factual Economics and markets

Pershing Square continued building its yuan position by buying slightly more out-of-the-money puts and selling further out-of-the-money puts.

Own records only Only the person's or their organisation's own records speak to it, so it is not scored.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

Specific strikes the firm bought and sold are internal trading details.

Cite this claim

Bill Ackman, “Pershing Square continued building its yuan position by buying slightly more out-of-the-money puts and selling further out-of-the-money puts.” (said January 2016). Verdict: own records only. Reliability API, claim c_bab3ac33747a, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_bab3ac33747a

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

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Verdicts are made automatically; how verdicts are made.