Originally Posted by
billgrates3
if/when the price of oil drops sufficiently from $60, then you sell out of the option.
???????
wouldn't your options become worthless?
I think what mvoight was implying is that futures were apriori a good decision for risk-mitigation purposes only. If anyone could have predicted 4 years ago that fuel was going to rise to $140 a barrel, they'd be rich. Boone Pickens rich