Question
2. Garlic contract: DELIVERY OF KEJORA FRESH SIBERIAN HARDNECK GARLIC BULB 4800 COUNT TO OLIVE MILL ARIZONA AT $.27 PER BULB DISCOUNT due: first week
2. Garlic contract: DELIVERY OF KEJORA FRESH SIBERIAN HARDNECK GARLIC BULB 4800 COUNT TO OLIVE MILL ARIZONA AT $.27 PER BULB DISCOUNT
due: first week of March 2022
-Chicago Board of Trade imposes +/-10 cents per bulb price (movement) limit; initial margin of $700; maintenance margin of 450.
-March garlic contract sells at $2.47/bulb when you purchased a contract. Subsequent events follow:
---price of garlic futures falls to 2.44/bulb ---price of garlic futures falls further to 2.40/bulb ---price of garlic futures falls further to 2.38/bulb.
what is your margin balance at the end of the day?
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Passive Income Stacking Handbook How To Reach Financial Freedom Faster Regardless Of Your Age Or Situation
Authors: Mark Walters
1st Edition
0578530171, 978-0578530178
