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SUESTION 9 Today I short 1 contract of the March 2020 E-mini S&P 500 future (whose underlying is 50 S&P 500 index. That is, one

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SUESTION 9 Today I short 1 contract of the March 2020 E-mini S&P 500 future (whose underlying is 50 S&P 500 index. That is, one contract gives me the exposure of 50 times the change in S&P index. For more information, refer to http://www.cmegroup.com/trading/ec y-index/us-index/e-mini-sandp500_contract_specifications.html). Suppose I put down an initial margin of 10,000. If tomorrow the future price goes up by 30 points. What is the balance of my margin account? 8500 9970 10030 11500

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