RE:RE:RE:Cash FlowFor TTF , VET is hedged up till Q1 2024. The hedge volumes fall off quite significantly, that is why VET will become more profitable if current pricing holds up.Same thing for NBP pricing
if you need help understanding the calls and puts , then here is a good reference source
https://www.investopedia.com/options-basics-tutorial-4583012
Unfortunately , all of this is fairly complex , yet for longer term investors it is less consequential as hedging will usually balance out over time .