Question
1)A trader shorted 10 futures contracts of WTI crude oil for $40 per barrel. The maintenance margin is $5 per barrel. What price of oil
1)A trader shorted 10 futures contracts of WTI crude oil for $40 per barrel. The maintenance margin is $5 per barrel. What price of oil futures will trigger a margin call if the company has $150,000 cash in the account initially? (recall CL contract has a multiplier of 1000)
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
