A trader sold short a cotton futures contract @ 67.97 cents per pound.  Contract size is 50,000 pounds.  How much does the trader gain or lose in DOLLARS if he closed out his contract when futures price is 74.6 cents per pound.  Keep zero decimal points.  If it is a loss, please enter a negative number.

 

 

A trader entered into a long S&P index futures contract when the futures price is 2,894 and closed it out when the futures price is 2,983.  What is his gain or loss in dollars? The contract multiplier is $250. Write your answer in the format as 10000 or -10000, no dollar sign, no comma.

 

A trader entered into 2 short British Pound futures contracts @ $1.44 per GBP, and closed out his position @ $1.74 per GBP. What is his gain or loss in USD? The size of the contract is 62,500 GBP. Write your answer in the format of 10000 or -10000, no comma, no dollar sign.

 

Suppose that you enter into a long contract to buy July silver for $13.29 per ounce on NYMEX.  The size of the contract is 5000 ounces.  The initial margin is $4,276 per contract, and the maintenance margin is $3,387  per contract.   At what price are you going to receive a margin call?

Answer rating: 100% (QA)

To calculate the gain or loss in dollars for each scenario we need to consider the difference betwee... View the full answer