Hi, can someone please help with the below commodity question.

On November 15, 2019, Mary believes that the share market will suffer a correction (fall) of 20% in late February.It is November 15, 2019 and the ASX 200 index stands at 6780.If Mary commonly speculates using 5 SPI 200 contracts;

i)What position should she take to profit from her expectations?

ii)What is her profit or loss on February 28^th, 2020 for this position if the bid and ask quotations for March 2020 SPI 200 contracts are quoted at 6582.0 and 6584.0 respectively?

iii) What action should she take to realise this profit or loss?

Use the quotations from the ASX table below, while assuming that all futures trades are conducted using market orders, and document her various actions in the table below. Recall that SPI futures are valued at $25 times the index.

Date

Futures Market

Physical Market

15 Nov 2019

28 Feb 2020

March 2020

Last loaded: Fri 15 Nov 2019 17:55 Refresh Category Security Type Month Equity Index Markets v ASX SPI200 TM Index (AP) v Futures v v ASX SP1200 TM Index (AP) Futures Prices are DELAYED by a minimum of 20 minutes. Expiry Bid Ask Open High Low Last Trade Last Trade Time Change Traded Volume Previous Settlement Nov 19 6791.0 6793.0 6781.0 15/11/19 12:03 6793.0 Dec 19 6795.0 6796.0 6794.0 6802.0 6794.0 6796.0 15/11/19 17:32 -1 490 6797.0 Jan 20 6748.0 13/11/19 10:18 6797.0 Mar 20 6723.0 6725.0 6668.0 14/11/19 18:35 6725.0 Jun 20 6706.0 6700.0 Sep 20 6614.0 Dec 20 6589.0 Mar 21 6522.0