The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. ~ Marcus Aurelius“It's a beautiful thing, the destruction of words.”
― George Orwell, 1984
“The urge to shout filthy words at the top of his voice was as strong as ever.”
― George Orwell, 1984
Oooh we have a new challenger. Let's see, somehow you think all these Conservashits who post the Fox News tag lines day in and day out, somehow you think none of them are peddling it's propaganda. Do you legitimately think that none of them watch the most watched, and only mainstream source of truly Right wing, conservative media in the United States. Because if you believe that, I have some beach front property in Montana that you might be interested in.
Unless the put option is one that is based upon a future contract in excess of $140-$150 dollars a barrel, in which case the likelihood of the occurring with a looming economic contraction, possible recession, an executive order limiting petroleum product exports, and a possible brokered solution with Russia have all made hedging a price increase that would make such an option tenable is evaporating. Someone like Goldman Sachs, or a downstream refiner which doesn't produce its own oil may actually want to still insure against such a price increase exceeding $150, but most traders are shedding those positions while there are still buyers