Question
It is July 1st. The price of January 1st oil futures is currently $88/barrel, and the size of 1 contract is 89 barrels. If you
It is July 1st. The price of January 1st oil futures is currently $88/barrel, and the size of 1 contract is 89 barrels.
If you went long 4 contracts on July 1st and the price of oil falls to $75/barrel, what is your profit on the position?
It is Jan 1st. The price of May 1st lumber futures is currently $485/1000ft, and the size of 1 contract is 110,000 ft.
If you went short 2 contracts on Jan 1st and the price of the future changes to $519/1000ft, what is your profit on the position?
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
