Julie McCain is a regular commodities speculator. Currently, she is considering a short position in July oat
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Julie McCain is a regular commodities speculator. Currently, she is considering a short position in July oat contracts, which are currently trading at 312. Her analysis suggests that July oat contracts should trade at approximately 304 in a couple of months. Assuming your expectations are met, what will be the return on investment you will earn if you short 3 oats contracts for July (each contract includes 5,000 bushels of oats), depositing an initial margin of $500 per contract?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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