Suppose you purchase two December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price decreases to $1,008 per unit. What is the balance of your margin account at the end of the day?

Answer rating: 100% (QA)

Initial margin 2000 Since you short sold the futures contr... View the full answer