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On February 6, 2023, you bought 10 (ten) e-mini S&P 500 stock index futures contract at 4,100 and were required to put up initial

  

On February 6, 2023, you bought 10 (ten) e-mini S&P 500 stock index futures contract at 4,100 and were required to put up initial margin of $102,500. The value of the contract is 4,100 times the $50 multiple, or $205,000. On the next three days, the contract's settlement price was at these levels: 3. 4. Day 1 : 4,050 Day 2 4,080 Day 3 4,020 Day 4 : 4,000 (20 points) Calculate the value of your margin account on each day. (10 points) If the maintenance margin for the contract is $61,500, how much variation margin did the exchange require you to put up at the end of the third day? I

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