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Three days ago, you entered into a futures contract to buy 6 2 , 5 0 0 at $ 1 . 5 4 per .

Three days ago, you entered into a futures contract to buy 62,500 at $1.54 per . Over the past three days the contract has settled at $1.49,$1.54, and $1.59. How much have you made or lost?
Loss of $0.05 per or $3,125
No gain or loss
none of the options
Gain of $0.05 per or $3,125
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