Question: The initial margin for traders in the SP1200 contract is $7,655 per contract and the maintenance margin is $6,806 per contract. Consider the following

The initial margin for traders in the SP1200 contract is $7,655 per contract and the maintenance margin is $6,806 per contract. Consider the following table of trades in the SP1200 futures contract. Presume this is your first day of trading the SP1200. What was the total profit or loss from the day's trading, in points and dollars? How much was transferred to your account and by whom? Number of contracts traded -40 (ie short 40 contracts) +70 (ie long 70 contracts) -65 +20 -40 Close Price 7219 7249 7233 7268 7281 7261

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Given Short 40 contracts at 7219 Long 70 contracts at 7249 Short 65 contracts at 7233 Long 20 contracts at 7268 Short 40 contracts at a Close price of ... View full answer

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