Question
Assume that a trader establishes a position in a futures contract for Rs 10000. Assume that the settlement price for the day is also 10000.
Assume that a trader establishes a position in a futures contract for Rs 10000. Assume that the settlement price for the day is also 10000. The initial margin requirement is Rs. 500 per contract, the maintenance margin requirement is Rs 300 per contract. Calculate the amount of money deposited on each day and the amount of money at the end of each day for both a long and a short position if the following price changes occur. The lot size is 100. Day 0 price is 100, Day 1 price is 99.2, Day 2 price is 96, Day 3 price is 101, Day 4 price is 103.5, Day 5 price is 103 and Day 6 price is 104
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