Question
Suppose that you enter into a short futures contract to sell July silver for $10.20 per ounce on the New York Commodity Exchange. The size
Suppose that you enter into a short futures contract to sell July silver for $10.20 per ounce on the New York Commodity Exchange. The size of the contract is 5,000 ounces. The initial margin is $4,000, and the maintenance margin is $3,000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call?
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Cryptocurrency QuickStart Guide
Authors: Jonathan Reichental
1st Edition
1636100406, 978-1636100401
