IT soybean oil drops $.10, what is the equity of the account when marked-to-market?

You are day-trading the S&P E-Mini contract with $5,250.00 of equity in your account. Contract specs are as follows: CONTRACT UNIT $50 x S&P 500 INDEX QUOTE UNITS US$ AND CENTS/TIC CONTRACT UNIT 100 TROY OUNCES I TIC SIZE 0.25 INDEX PTS= $12.50 QUOTE UNITS US$ AND CENTS/TROZ CONTRACT MOS. Mar, Jun, Sep, Dec TIC SIZE 0.10/TrOZ = $10.00 Based on your new sophisticated algorithm, there is an 85% chance that the S & P will fall over the next half hour, so you go all in by selling 6 June contracts. The market rises 5 tics, and then plunges 50 tics when you flatten your position (buy to close them all). What was your gross profit or loss for the day? . After the trade in Problem 2, you decide to buy October gold futures. Contract specs are as follows: INITIAL MARGIN $907.50/ CONTRACT (DAY-TRADE) CONTRACT MOS. 3 NEAREST MOS. + Feb, Apr, Aug, Oct MAINT MARGIN $825/ CONTRACT (DAY- TRADE) INITIAL MARGIN $6,250/ CONTRACT MAINT MARGIN $5,000/ CONTRACT a. How many contracts can you (safely) buy? b. If gold then declines $3.65 per troy ounce, what is the market-to-market equity in the account?