$2.$ You are day$-$trading the S&P E$-$Mini contract with $$5,750\mathrm{.}00$ of equity in your account. Contract specs are as follows:

CONTRACT UNIT QUOTE UNITS TIC SIZE CONTRACT MOS. INITIAL MARGIN MAINT MARGIN

$$50$ x S&P $500$ INDEX US$ AND CENTS$/$TIC $0\mathrm{.}25$ INDEX PTS $=$ $$12\mathrm{.}50$

Mar, Jun, Sep, Dec $$907\mathrm{.}50/$ CONTRACT $($DAY$-$TRADE$)$ $$825/$ CONTRACT $($DAY$-$TRADE$)$

Based on your new sophisticated algorithm, there is an $85\%$ chance that the S & P will fall over the next half hour, so you go all in by selling $6$ June contracts. The market rises $5$ tics, and then plunges $50$ tics when you flatten your position $($buy to close them all$).$ What was your gross profit or loss for the day?