QUESTION 2 Consider the following table of trades in the 7225 call option on the SP1200 futures contract. What fade is required to close out this position if that trade was made on the same day the above trades were made? Premium (points) 12.6 Number of contracts traded -200 (ie short 200 contracts) 150 (ie long 150 contracts) -250 14.9 12.1 150 9.1 -100 20.0 Sell 250 7225 Call option contracts on the SP1200 Buy 250 7225 Call option contracts on the SP1200 Sell 250 7225 Put option contracts on the SP1200 Buy 250 SP1200 futures contracts