1. You are a futures trader. Therefore you silver 5000 oz . [sic]

Yesterday, at the opening you went short 20 contracts for the nearest delivery month. At the end of the day you closed your position. How much money did you make? Or How much did you lose?

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2. You have one million dollars for investment in Honeywell ; give specific examples of how you could invest in stocks(short or long, choose one), how much should you spend in calls or puts to protect your position.