You now know how to identify the markets as normal backwardation or normal contango. This is a necessary condition for investment/hedging decision. Basis analysis is the sufficient condition. It identifies normal backwardation/ normal contango volatility.
HW:

1) Get the basis chart Spot – Futures. Interpret the basis chart with reference to Normal Backwardation and Normal Contango Market. What mistake didMetallgesellschaft makeafter identifying the market?
2) Get option quote forS & P 500 Futures Soybean Futures and Japanese Yen Futures.
3) Interpretwhat delta means for any strike price.
i will prvide you all charts which is explained in the video.
the work must be your original work and comlete answer