Question
On December 5, 2016, when the market just opened you bought a stock index future contract for 1100 and were required to put up initial
On December 5, 2016, when the market just opened you bought a stock index future contract for 1100 and were required to put up initial margin of $11,000. The maintenance was $8,000.00. The multiple of the contract is 250. The contracts settlement prices for Dec. 5 to Dec. 8 were at these levels: Dec.5: 1100, Dec.6: 1110, Dec.7: 1095 and Dec.8: 1080. Complete the following table.
Current Equity = Previous Days Equity + Todays Gain (or Loss).
| Day | Gain or Loss | Current Equity | Variation Margin |
| December 5 |
| 11,000 |
|
| December 6 |
|
|
|
| December 7 |
|
|
|
| December 8 |
|
|
|
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