What's a put option? This is different from an oil future, yes?
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Yes, they are different. Here is a pretty useful article describing the differences:https://www.investopedia.com/ask/answers/difference-between-options-and-futures/ …
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The put strikes are negative. The out prices are positive
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I've never been doing better - I hold no oil! Hell, I might be rich...
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How does Black Scholes model recognize that?
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