Answer choices: 1. Call options, future contracts or put options

2. Call options, future contracts or put options

3. Buy or sell

Concerned about possible disruptions of the supply of oil from the Middle East, the chief financial officer (CFO) of American Airlines would like to hedge the risk of an increase in the price of jet fuel. What tools could the CFO use to hedge this risk? The CFO could buy oil call options , giving him or her a long position in oil and so protecting against a price increase. Alternatively, he or she could buy oil (Click to select), which would confer the right to [(Click to select) oil at the strike price on or before the expiration date of the option