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3. Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per pound. The maintenance margin is $4200 per contract,
3. Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per pound. The maintenance margin is $4200 per contract, and your initial margin is 110% of the maintenance margin. You take a short position in one April 2021 Copper futures contract at the end of the day on January 22 and fund your account with cash to meet the initial margin. Fill in the table below based on the price realizations. Futures Daily Cumulative Account Margin Ending Balance Call Margin Date Price Gain Gain Jan 22 3.62 Jan 25 3.59 Jan 26 3.58 Jan 27 3.61 Jan 28 3.65 Jan 29 3.66 Feb 1 3.64 3. Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per pound. The maintenance margin is $4200 per contract, and your initial margin is 110% of the maintenance margin. You take a short position in one April 2021 Copper futures contract at the end of the day on January 22 and fund your account with cash to meet the initial margin. Fill in the table below based on the price realizations. Futures Daily Cumulative Account Margin Ending Balance Call Margin Date Price Gain Gain Jan 22 3.62 Jan 25 3.59 Jan 26 3.58 Jan 27 3.61 Jan 28 3.65 Jan 29 3.66 Feb 1 3.64
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