Question: I got the answer above, but it seems too simple to be true. Am i missing something? + Future Price contract size WTI Oil EURO/USD

I got the answer above, but it seems too simple

I got the answer above, but it seems too simple

I got the answer above, but it seems too simple to be true. Am i missing something?

+ Future Price contract size WTI Oil EURO/USD S&P E mini 10 Yr. US T* total $ 58.50 $ 1.11 $ 3,325.00 $ 129.03 1,000 125,000 50 Notional Value $58,500.00 $139,156.25 $166,250.00 $126,093.00 $489,999.25 equity Maintenance Initial Margin Margin $4,125 $ 3,750 $1,980 $ 2,310 $7,260 $ 6,600 $1,265 $ 1,000 $14,630 $13,660.00 2.99% 1000 priced in 1/32 You purchased (went long) one S&P 500 E-mini December future at 3300.00 and sold it a week later at a price of 3325.00; what was your total $ profit from this trade (ignore any costs associated with the trade). 3300.00 - 3325.00 -$25.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!