Question: derivatives QUESTION 5 The initial margin for traders in the SP1200 contract is $7,655 per contract and the maintenance margin is $6,806 per contract. Consider

derivatives

QUESTION 5 The initial margin for traders in the SP1200 contract is $7,655 per contract and the maintenance margin is $6,806 per contract. Consider the following table of trades in the SP1200 futures contract. Presume this is your first day of trading the SP1200. What was the total profit or loss from the day's trading, in points and dollars? How much was transferred to your account and by whom? Number of Price contracts traded -40 (ie short 40 7219 contracts) +70 (ie long 70 7249 contracts) -65 7233 +20 7268 40 7281 Close 7261 Loss of 2000 points, which is $50,000.00, for $3,305 deposited by you Loss of 55 points, which is $2,750.00, for no amount deposited by anybody Loss of 2000 points, which is $20,000.00 for $20,000 deposited by you Gain of 2000 points, which is $20,000.00 for $20,000 deposited by those who lost money

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