Hedging a Thos - Is It a Game?

You just buy, you just buy it out of the money, call out of the money,. put and then at least if the prices go up, you're covered for that. So all the, all the big industrial scale players are doing this because theyare very large. I think that ultimately those guys will be fine, because they understand the math very well. And they'll even pull out if the map goes bad. But i do think that the mats capable of going very bad, or for people that don't hedge, won't have the gains on their hedge legs to offset when the markets tart moving again....