An oil production company extracts and ships $4,000$ barrels of oil every day. Each barrel of oil costs $$50$ and takes one month to reach the market. Its profit model is expressed by $(S_T)=4000.S_T-200,000.$

The interest rate is $6\%.$ Having the following information, how can they hedge the volatility using derivative contracts? Discuss ALL possible solutions.

$r=6\%$;$T=1m=\frac{1}{12}$;

Forward: $F_{0,\frac{1}{12}}=95$

Put option: $K=90,P(90,\frac{1}{12})=4\mathrm{.}975$

Call Option: $K=100,C(100,\frac{1}{12})=5\mathrm{.}345$