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Assume you go LONG the e-Mini S&P500 Index futures contracts on January 15 when the index is at 3,190. The margin requirement per contract is
Assume you go LONG the e-Mini S\&P500 Index futures contracts on January 15 when the index is at 3,190. The margin requirement per contract is $8,720 initially and $5,670 on maintenance. Each contract provides exposure to a dollar value of $50 times the index level. If the index is at 3,120 on July 15 , calculate the total amount, if any, you need to deposit in your account to meet any margin calls. A. $0 B. $61,400 C. $92,200 D. $104,700
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