lng hedging vince fyi something team working krishna regards sandeep forwarded sandeep kohli enron _ development 12 21 2000 04 03 sandeep kohli 12 21 2000 04 00 pm james hughes enron _ development enron _ development cc subject lng hedging jim attaching small draft note prepared anshuman lng hedging talks two products 1 volumetric options buy call 100 volumes sell put 50 volumes finance call 2 ratio derivative buy two calls higher price sell one lower price finance one traders agree since upper price calls bought money sold call money cost seller hence option 1 useful could provide risk mitigation high price scenario allowing participation low prices test used march 2001 period cost neutral would buy call 26 sell put 25 15 bounce ideas think important work closely global markets group team ground knows contracts better maybe able give insights sold mseb would love discuss regards sandeep