In your team, create a hypothetical portfolio that includes the exchange-traded futures contract (on the underlying asset that you have selected). Assume that the value of the position is approximately $5,000,000 and round to the closest number of contracts. You can hold a short or a long position. Please answer the below questions:

What is the exchange-traded futures contract you are including in your portfolio? What are the details such as the price, delivery month, number of contracts, and whether you are long or short? (You may choose futures contracts with any delivery date but you’ll need to close out your position latest by the end of Module 8)

What is your incentive behind creating this portfolio? What are your expectations about the underlying asset in your portfolio? Explain why.

Assume you have an initial margin that equals 6% of your initial position and a maintenance margin that equals 3% of your initial position. Track your portfolio, and calculate your profit/loss and the amount in your margin account on a weekly basis. You'll need to submit a table that shows the amount in the margin account on a weekly basis at Step 4 of this termpaper.