Question: QUESTION 12 The initial margin for traders in the SPIZOU contract is $7,655 per contract and the maintenance margin is $6,806 per contract. Consider the

QUESTION 12 The initial margin for traders in the SPIZOU contract is $7,655 per contract and the maintenance margin is $6,806 per contract. Consider the following table of trades in the SPI200 futures contract. F'resume this is your rst day of trading the SPIZOU. What is the open position at the close of trading? If this was the rst day.r of trading for this individual and they traded until the}.r hit their maximum open position, what is their initial margin and maintenance margin? Number of contracts traded Price 40 (ie short 40 contracts) 7219 +70 (ie long 70 contracts) 7249 0 Long 70 contracts, initial margin of $535,850.00 and maintenance margin of $476,420.00 0 Short 55 contracts, initial margin of $421,025.00 and maintenance margin of $374,330.00 0 Short 40 contracts, initial margin of $306,200.00 and maintenance margin of $272,240.00 0 Short 55 contracts, initial margin of $7,655.00 and maintenance margin of $6,806.00

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