News for hackers. Stuff that matters.

A comment on Wall Street’s Largest Oil Trade (2017). Parent comment

Re:Wall Street’s Largest Oil Trade (2017) by AQuantized on Saturday April 11, 2020 @09:39PM (#22845492)
It's not just about profitability, but insurance. It allows you to distribute the losses over a much longer period of time and fix them in your budget.
[ Parent | on HN ]
Re:Wall Street’s Largest Oil Trade (2017) by ksj2114 on Sunday April 12, 2020 @01:21AM (#22846208)
Exactly, its a hedge. You hope you don't make a killing on the hedge!
[ Parent | on HN ]