A speculator is convinced that the stock market will fall significantly in the forthcoming months. The current market index (14 November) level is 7350 (FTSE 100). He is investigating a strategy to exploit this market fall by selling ten FTSE 100 Index futures on ICE with a March 2022 expiry, current price 7400. Contract Unit for this futures is 10 per one FTSE 100 Index point.

Assume: no transaction costs.