1) So even a speculator might find it best to take part in a secondary market rather then directly.
2) I believe most markets are set by the largest parties involved. Thats why Im surprised its not possible to just buy oil with these tokens and then surely there is an immediate demand and it helps create an order book useful by business?
3) Free markets always set a price, I dont believe its possible to force a price as there is always an arbitrage effect that occurs.
1) Why? If they sell you Petros with a 40% discount on the oil barrel, and you are a speculator, you definitely want to buy (and that's why there were 170 thousand offers).
What makes you believe that somebody buying petro options with this contract will receive a discount of 40%?