The initial deposit required by a buyer or seller of a futures contract is known as credit. margin requirement. debit. marking. On the day of delivery the spot price will equal the futures price. the spot price will be greater than the futures price by an amount equal to the current interest rate times the futures price. the futures price will be greater than the spot price by an amount equal to the current interest rate times the spot price. there is no necessary relation between the spot price and the futures price. If you purchased a put options for $3 per barrel of crude of with the strike price of $120 per barrel, you will exercise the option if the spot price goes above $120 The spot price goes above $123 The spot price goes below $120 The spot price goes below $117 If you expect the corn price would go up, being in which position will allow you to make a profit