Suppose that on October 24 you Sell 6 March gold futures contracts for $335 per ounce....
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Suppose that on October 24 you Sell 6 March gold futures contracts for $335 per ounce. At 11:00 am on October 25 you buy 1 March contracts for $340.5 ounce. At the close of trading on October 25, gold futures settle for $332.5 ounce. If the contract size is 100 ounces and the initial margin equals 3350, how much do you gain or lose as of the close? Suppose that on October 24 you Sell 6 March gold futures contracts for $335 per ounce. At 11:00 am on October 25 you buy 1 March contracts for $340.5 ounce. At the close of trading on October 25, gold futures settle for $332.5 ounce. If the contract size is 100 ounces and the initial margin equals 3350, how much do you gain or lose as of the close? Suppose that on October 24 you Sell 6 March gold futures contracts for $335 per ounce. At 11:00 am on October 25 you buy 1 March contracts for $340.5 ounce. At the close of trading on October 25, gold futures settle for $332.5 ounce. If the contract size is 100 ounces and the initial margin equals 3350, how much do you gain or lose as of the close?
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Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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