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The initial margin (performance bond) for the oil futures contract is $6,500 and the maintenance margin is $6,000. Each contract represents 1,000 barrels of
The initial margin (performance bond) for the oil futures contract is $6,500 and the maintenance margin is $6,000. Each contract represents 1,000 barrels of oil. If you go long one contract at a quoted price of $75, what price would the oil contract need to move to trigger a "margin call"?
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
