Question
A trader buys 15 bank bill futures contract at 99.89 and sells them at 99.93. How much profit or loss did they make in points
A trader buys 15 bank bill futures contract at 99.89 and sells them at 99.93. How much profit or loss did they make in points and dollars?
8. A trader shorts 50 bank bill futures contracts at 99.93 and buys them back at 99.86. How much profit or loss did they make in dollars and points?
9. The same trader later that day goes long 50 bank bill futures contracts at 99.89 and closes the position at 99.82. How much profit or loss did they make in dollars and points?
Explain whether the profit or loss in dollars and points are the same or different in questions 8 and 9.
11. A trader goes long 27 3-year bond contracts at 98.965 and the market rallies to 99.02 before she sells 20 contracts. The market subsequently rallies further to 99.06 at which point she closes out her position. How many contracts does she have? How much is her total profit in points and dollars?
12. A trader shorts 10 10-year bond contracts at 99.075 and the market falls to 99.02 before she sells an additional 20 contracts. The market subsequently rallies to 99.06 at which point she buys 43 contracts. How many contracts does she have? How much is her total profit in points and dollars?
13. A trader shorts 5 20-year bond contracts at 98.575 and the market falls to 98.480 before she sells an additional 5 contracts. The market subsequently falls to 98.425 at which point she buys 8 contracts. How many contracts does she have? How much is her total profit in points and dollars?
14. A trader buys 250 bank bill futures contracts at 99.72 and at the same time shorts 160 3-year bond futures at 99.765. Later that day she closes out her positions, selling her bank bill futures at 99.76 and buying her 3-year bond futures at 99.715. How much profit or loss, in dollars, does she make?
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