P 500 futures contracts currently trade at 3,300. Each contract has a multiplier of $250. You bought
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P 500 futures contracts currently trade at 3,300. Each contract has a multiplier of $250. You bought four contracts today and posted an initial margin of $20,000. Your broker tells you that you will need to inject further equity into the margin account if the balance falls to $8,500, or below. What is the first S&P 500 futures level at which you receive a margin call?
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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