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5 days ago you thought that the crude oil price was going to drop so you went ahead and sold 10 futures contracts with delivery
5 days ago you thought that the crude oil price was going to drop so you went ahead and sold 10 futures contracts with delivery in 5 days (which is today). The original delivery price you sold at was $52.00 per barrel. Below is how the crude oil fluctuated during the 5 days since you sold the contract:
Day0
$52.00
Day1
$51.76
Day2
$51.56
Day3
$52.33
Day4
$51.99
Day5
$52.33
a. Whats your total P/L?
b. Mark your account balance to market at the end of each day, assuming a 15% initial margin requirement.
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