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An investor believes the S&P 5 0 0 index is overvalued and shorts 5 ( five ) June E - mini S&P 5 0 0

An investor believes the S&P 500 index is overvalued and shorts 5(five) June E-mini S&P 500 futures contracts at 3180.00. The investor closes the position at 3200.00. The E-mini S&P 500 futures have multiplier of $50 per point. Total round-trip commissions are $10 per contract. What is the resulting profit or loss?

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