Refer to Figure 24.6 in the text to answer this question. Supposed you sell June 2019 gold futures on May 25, 2018. What will your profit or loss be if gold prices turn out to be $1,090 per ounce at expiration? What if gold prices are $1,250 per ounce at expiration?

Data in Figure 24.6

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Commodity Futures Price Quotes for Canadian Dollar (Globex) (Price quotes for CME Canadian dollar (Globex) delayed at least 10 minutes as per exchange requirements.) Also available: pit. Session Quotes Open High Jun'18 0.77675 0.77695 0.77025 0.77110 Sep'18 0.77825 0.77825 0.77195 0.77225 Dec'18 0.77830 0.77830 0.77340 0.77415 Mar 19 0.77500 0.77590 0.77470 0.77550 Low Sep'19 Current Session Last Jun 19 0.77805 0.77805 0.77600 0.77600* 0.78330* Time 16:23 May 25 16:23 May 25 16:23 May 25 16:23 May 25 16:23 May 25 16:23 May 25 Set Chg -0.00545 -0.00545 83631 0.7686 -0.00540 -0.00540 Vol -0.00540 2221 181 Set 8 0.77795 0.77925 7 0.78050 0.78160 0.78260 Prior Day Op Int 126984 17157 3652 99 24 4 Opt's Call Put Call Put Call Put Call Put Call Put