Question
Suppose that you enter into a short futures contract to sell July silver for $16.98 per ounce. The size of the contract is 5,000 ounces.
Suppose that you enter into a short futures contract to sell July silver for $16.98 per ounce. The size of the contract is 5,000 ounces. The initial margin is $5,316, and the maintenance margin is $3,253. What is the futures price for silver above which there will be a margin call?
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Applied Financial Macroeconomics And Investment Strategy
Authors: Robert T McGee
1st Edition
1137428394, 978-1137428394
