Question: Please answer both: 1. On April 1, you bought one S&P 500 Index futures contract at a futures price of 1,530. If, on June 15,

Please answer both:

1. On April 1, you bought one S&P 500 Index futures contract at a futures price of 1,530. If, on June 15, the futures price was 1,612, what would be your profit (loss) if you closed your position (without considering transactions costs)? The multiplier is $250

None of the choices

$15,550 profit

$15,550 loss

$1,550 loss

$20,500 profit

2.

Suppose you purchase one AAPL December 130 call contract at $6 and write one AAPL December 138 call contract at $2. What is the lowest stock price at which you can break even?

$136

$134

$140

None of the options are correct.

$132

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 Finance Questions!