24.1 See Figure 24-5. Net cost Revenue from call options Cost of 1,000 barrels $90,000 $90,000 $90...

24.1 See Figure 24-5.

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Net cost Revenue from call options Cost of 1,000 barrels $90,000 $90,000 $90 $90 Cost por barrol Cost por barrol $90 Cost por barrol Buy 1,000 barrels of oil at the market price revenues received from call options on 1,000 barrels with $90 exercise price -lock in maximum cost of $90 por barrel