(1.5 points] Assume today is January 12th. The price for the April 2021 Live Cattle futures contract is 117.650 cents per pound. On December 2nd, you took a short position in the April 2021 Live Cattle contract when the price was 117.175 cents per pound. If your total position was for 6 contracts, what is your total gain/loss if you closed out the position today? Each contract is for 40,000 pounds. [1 point) on January 13th a trader buys 800 put options (8 contracts) on a stock with a strike price of $25 when the option price is $1.75. The spot price of the stock at that time is $21. The options are exercised three weeks later when the stock's spot price is $22.50. What is the trader's total net profit