Using the GP screen, examine the historical prices of a narrow-based equity index futures contract you selected
Question:
Using the GP screen, examine the historical prices of a narrow-based equity index futures contract you selected in Exercise 3. Select a time period that the contract was active.
Access Bloomberg information on a sector or narrow-based equity index futures contract, such as a sector index like the S\&P E-Mini Technology Index (IXPA): type CTM to bring up the "Contract Table Menu," click "Categories" and "Equity Index," search for CME on the menu (type CME in the amber Exchange box), find the CME contract of interest and bring up the contract's menu screen (Ticker
a. Select a period in which you would have taken a long position and calculate the profit from opening and closing at the futures prices at the beginning and ending dates for your selected period. Calculate the losses if you had taken a short position.
b. Select a period in which you would have taken a short position and calculate the profits from opening and closing at the futures prices at the beginning and ending dates for your selected period. Calculate the losses if you had taken a long position.
c. Using the annotation bar, apply the "\% Change" tool to calculate the percentage change for your select periods, and then click the "News" icon on the annotation bar to find relevant news events on or preceding the opening date.
d. Examine the spot index for the period that your futures contract was active. The ticker for the index can be found on the futures Description screen. Use the Chart screen (Chart
e. Estimate the current equilibrium price on the index futures contract using the FAIR screen and compare that price to the current market price.
Exercise 3.
Access Bloomberg information on a sector or narrow-based equity index futures contract, such as a sector index like the S\&P E-Mini Technology Index (IXPA): type CTM to bring up the "Contract Table Menu," click "Categories" and "Equity Index," search for CME on the menu (type CME in the amber Exchange box), find the CME contract of interest and bring up the contract's menu screen (Ticker
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