Originally Posted by rickair7777
Remember, somebody somewhere had to buy oil at $70 and turn around and sell it to SWA at $25... and they're not going to want to do that sh*t again...
True but but SW had to pay cash way back when for their hedge..............
That money in turn was used by someone else.............to raise cash.
For every hedge that pays off..........somewhere there are a few who didn't................
So for the $25/barrel SW paid when the market was $70.......................Someone somewhere lost their shirt and had $60/barrel oil when the market was $50.
Ever buy PUTS and CALLS? Very risky.............can make a ton of money or ????.
I once made 10 grand in a week............but it cost me 20 grand to do it
