[kjam22]

We placed them with various banks who would facilitate the other side of the deal. Most often hedging our naturally long oil and gas position.

[nopardons]

Who then called a "floor" which then went to THE BOOK, one of their floor traders, or to one of the independent traders who had their account in that pit/s!

Of course, all of that has now changed, due to computer trading and computer programs, which is one of reasons this Bull Market is a sham, built on hot air.

OTOH... You are calling dealing in commodities ( FUTURES ),"options, which they are NOT! And YOU claim that YOU can "teach" me, about this stuff? Good grief...you even have your terminology completely wrong! No wonder you don't understand my posts and why YOUR posts are such a mess!