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Assume you are a speculator. On February 24th, you sold three AUG20 soybean contracts for the opening price traded that day. Later in the day,
Assume you are a speculator. On February 24th, you sold three AUG20 soybean contracts for the opening price traded that day. Later in the day, you bought three AUG20 soybean contracts at the low price of the day. Assume there was a $20 broker fee to execute the round trade. Did you earn a profit or a loss?
Calculate your profit/loss. Answer must be in dollars and cents and be reported out to 2 decimals. For example, $51.35.
Month Open High Low Settle MAY 20 896'2 8966 879'2 882'4 JLY 20 907'4 907'4 890'6 894'2 AUG 20 910'0 910'2 894'6 899'6Step by Step Solution
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