Question: Problem: On December 5, 2016, when the market just opened you bought a stock index future contract for 1100 and were required to put up

Problem: On December 5, 2016, when the market just opened you bought a stock index future contract for 1100 and were required to put up initial margin of $11,000. The maintenance was $8,000.00. The multiple of the contract is 250. The contracts settlement prices for Dec. 5 to Dec. 8 were at these levels: Dec.5: 1100, Dec.6: 1110, Dec.7: 1095 and Dec.8: 1080. Complete the following table.

Current Equity = Previous Days Equity + Todays Gain (or Loss).

Day	Gain or Loss	Current Equity	Variation Margin
December 5		11,000
December 6
December 7
December 8

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