You are a speculator in crude oil futures. You enter a short position in one crude oil
Fantastic news! We've Found the answer you've been seeking!
Question:
You are a speculator in crude oil futures. You enter a short position in one crude oil futures contract at a price of $93.89 per barrel. Your initial margin is $3,740 per contract, and your maintenance margin is $3,400 per contract. Each contract is for 1,000 barrels. At the end of the trading day, the settlement price is $95.37 per barrel. What is your variation margin if your account is marked to margin at this price?
Related Book For
Posted Date: