exposure market

cfalevel2011

can one gain commod exposure in teh cash/derivative market

ll11

indirect not good as commodity company hedges its risks

lcai

hope cfai agrees

Windjammer

it's part of the curriculum that indirect is not as good.

liangfeng

of course. Let's say you bought BP because you thought oil was going up; what would your oil play look like now?

Valores

of course. If you want exposure to gold, you can buy an option or physical gold (cash market). Without the cash, you cant have a derivative.