Question
It is July 1st. The price of January 1st gas futures was $84/barrel, and the size of 1 contract is 61 barrels. If you went
It is July 1st. The price of January 1st gas futures was $84/barrel, and the size of 1 contract is 61 barrels.
If you went long 2 contracts on July 1st and the price of gas falls to $72/barrel, what is your profit on the position?
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
