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It's a great time to own a supertanker. You can get a 300% return on investment by buying a May contract and selling a contract for August.
by alach11 7y ago
It's a great time to own a supertanker. You can get a 300% return on investment by buying a May contract and selling a contract for August.
- Faaak 7y agoYou'd be a bad speculator. What if contracts in august are worse near the end ?
- timerol 7y agoThat doesn't matter. If you sell a contract for August now, the buyer of the contract is the person who has to worry about the price of the contract going down. As the seller, you just have to deliver the goods as specified by the contract. You've already been paid. The relevant missing fact here is that the 300% ROI ignores the cost to operate a supertanker.
- Faaak 7y agoIndeed. Thanks
- deleted 7y ago[deleted]