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Options, Futures, and Other Derivatives, 5th edition 169。 2021 by John C. Hull Hedging Strategies Using Futures Chapter 4 Options, Futures, and Other Derivatives, 5th edition 169。 2021 by John C. Hull Long amp。 Short Hedges ? A long futures hedge is appropriate when you know you will purchase an asset in the future and want to lock in the price ? A short futures hedge is appropriate when you know you will sell an asset in the future amp。 want to lock in the price Options, Futures, and Other Derivatives, 5th edition 169。 2021 by John C. Hull Arguments in Favor of Hedging ? Companies should focus on the main business they are in and take steps to minimize risks arising from interest rates, exchange rates, and other market variables Options, Futures, and Other Derivatives, 5th edition 169。 2021 by John C. Hull Arguments against Hedging ? Shareholders are usually well diversif