Comment by bluGill
5 years ago
Better yet you can play hedging games with your oil. Sell a june delivery contract to lock in your profit now. If June prices collapse buy a contract to take delivery in June and sell one to deliver in July. You never have to get to Port until prices are high enough to be worth actually making a delivery, and you make money every month.
Details of the above are important to get just right. It works out if you get all the details right.
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