Suppose you sell to open a short position one December 2023 E-mini S&P 500 futures contract at the contract price of 4,265.30 in CME. The initial margin requirement on the December 2023 E-mini S&P 500 futures contract is $12,320 and the maintenance margin requirement is $11,200. Contract size is $50 times the S&P 500 Index value.

20. Suppose you kept your short position in one December 2023 E-mini S&P 500 futures contract open until the end of the last trading day of the contract. Suppose the contract settlement price at the end of the last trading day was 4,350.00 in CME. Calculate your profit/loss from your short position.