But any of you readers know how I could go about purchasing a put option on the price of crude oil?
1) Needs to be an option, not a future. Hey, I\’m a private investor.
2) Reasonably long term: 12 months or more if possible.
3) Well out of the money….like $70 a barrel stuff.
OK, so I\’m pretty certain that the financial markets are sophisticated enough to be able to deal with all of the above. However, I have a feeling that they might only be for "professional" investors, ie, dealing in sums far larger than the £1k-£1,500 I might be willing to lay out on such a bet.
So, anyone actually know?