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Based on the quotes below, your profit/loss at the close of 11/02 is Correct + 497 December FX futures contract prices for GBP: November 1-4
Based on the quotes below, your profit/loss at the close of 11/02 is Correct + 497 December FX futures contract prices for GBP: November 1-4 Each contract requires the delivery of GBP 62,500. The initial and maintenance margin for GBP futures contract are $3,000 and $1,500, respectively. You sold two GBP contract at the closing price on 11/01 Date 11/01 11/02 11/03 11/04 Futures Contract Price $1.8700 S1.8844 S1.9132 $1.8772 Based on the quotes below, your profit / loss at the close of 11/03 is. 109 December FX futures contract prices for GBP: November 1-4 Each contract requires the delivery of GBP 62,500. The initial and maintenance margin for GBP futures contract are $3,000 and $1,500, respectively. You sold two GBP contract at the closing price on 11/01 Date 11/01 11/02 11/03 11/04 Futures Contract Price $1.8700 S1,8844 $1.9132 $1.8772 A $3,600 -$3,600 $1,800 -$1,800
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