struments sfer What is the difference between a long forward position and a short forward position? What is the difference between entering into a long forward contract when the forward price is 500 cedis, and taking a long position in a call option with a strike price of 500 What is the difference between a forward contract and a futures contract? Compare and contrast a long position in a futures contract versus a long call option position (of the same size) on the same asset. You have written a call option on 1,000 FML shares with a strike price of 20,000 and an expiration date in 6 months. What have you committed yourself to? How much would you possibly gain or lose? What if you had written a put option instead