Question: QUESTION 4 The initial margin for traders in the SPI200 contract is $7,655 per contract and the maintenance margin is $6,805 per contract. Consider the

QUESTION 4 The initial margin for traders in the SPI200 contract is $7,655 per contract and the maintenance margin is $6,805 per contract. Consider the following table of trades in the SPIZOU futures contract. Presume this is your rst day of trading the SPI200. What was the total profit or loss from the day's trading, in points and dollars? How much was transferred to your account and by whom? Number of contracts Price traded -40 (ie short 40 contracts) 7219 +70 (ie long 70 contracts) 7249 -65 7233 +20 7268 -40 7281 Close 7261 Loss of 2000 points, which is $20,000.00 for $20,000 deposited by you Loss of 55 points, which is $2,750.00, for no amount deposited by anybody Gain of 2000 points, which is $20,000.00 for $20,000 deposited by those who lost money 0 O O 0 Loss of 2000 points, which is $50,000.00, for $3,305 deposited by you

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