Module 3 knowledge check

Hedging is based on the premise of?

If you take an initial short futures position as a hedger you are?

In a short hedge, if prices go up, where do you have a gain and loss?

In a short hedge, if prices go down, where do you have a gain and loss?

In a long hedge, if prices go up, where do you have a gain and loss?

In a long hedge, if prices go down, where do you have a gain and loss?

Is Arbitrage a spread between different months or different contracts?

In a calendar spread would you be long different months or the same months?

How often do seasonal patterns reoccur?

Seasonal patterns are based on what?