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thunbs up if correct The current futures for WTI Crude are show below. Each contract is for 1,000 barrels (bbl). Assume the spot price today,

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The current futures for WTI Crude are show below. Each contract is for 1,000 barrels (bbl). Assume the spot price today, on 9/26/2016, is 45.25. Month Last price Change Open High Low Nov 2016 45.59 +1.11 44.62 46.20 44.43 Dec 2016 46.14 +1.07 45.18 46.76 45.01 Jan 2017 46.74 +1.05 45.83 47.35 45.62 Feb 2017 47.29 +1.01 46.65 47.91 46.22 Oct 2017 50.24 +1.15 49.71 50.55 49.71 You are the CFO of an oil exploration company and you want to hedge your company's production for the month of October. You expect to sell 1mil bbl of crude. Which of the following trades would you execute? Pick the best answer Buy 1,000 Nov-2016 futures Sell 1,000 Nov-2016 futures Buy 1,000 Dec-2016 futures Sell 1,000 Dec-2016 futures

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