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sammy the speculator lost 1 0 , 0 0 0 in one day by investing in crude oil futures. Sammys wife thinks hes hiding the

sammy the speculator lost 10,000 in one day by investing in crude oil futures. Sammys wife thinks hes hiding the and bought a 10,000 dollar boat. she does not believe sammy beacuse she saw that crued oil prices only changed by 1%. complete the mark-to-market futures transactions to explain how sammy lost so much of their 20,000 in one day. 1 crued oil futures contract size =10,000 BBL. initial margin requirement =20,000 per contract. mantenance margin =11,000 per contract. give me the position value and sammys magin balacnce for purchase date and day 1. sammys crude oil was worth 100/BBL when pruchased and day one was worth 99/BBL

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