Question: The initial margin for traders in the SP1200 contract is $7,655 per contract and the maintenance margin is $5,749 per contract. Consider the following table

The initial margin for traders in the SP1200 contract is $7,655

The initial margin for traders in the SP1200 contract is $7,655 per contract and the maintenance margin is $5,749 per contract. Consider the following table of trades in the SP1200 futures contract. What was the total profit or loss from the day's trading, in points and dollars? Number of contracts traded Level Open Position Value Gain/Loss 15 (ie long 15 contracts) 7030 -25 (ie short 25 contracts) 7053 -10 6974 -20 6993 35 7040 Close 6959

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