Question: Q 1 . Two days ago Trader A held a short position in 2 5 NYMEX Gold futures for MAR 2 0 2 4 .

Q1.
Two days ago Trader A held a short position in 25 NYMEX Gold futures
for MAR 2024. Every contract is for 100 ounces. Trader B was A's counterparty on
the 25 short contracts. The Settlement price two nights ago was $1,800/ounce.
Yesterday, at 11:00AM A closed 10 contracts for $1,802? ounce. When A closed
these 10 contracts the counterparty was Trader C. The Settlement price last night
was $1,799ounce. A, B and C did not engage in any other trades.
Calculate the cash flows in/out the margin accounts of A, B and C in the table
below.
***PLEASE RESPOND IN THE TABLE FORMAT THAT IS ON THE IMAGE***
 Q1. Two days ago Trader A held a short position in

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!