Question
Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/100. Your margin account currently has a balance of $2,000. The next
Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/100.
Your margin account currently has a balance of $2,000.
The next three days' settlement prices are:
day 1: $0.8057/100
day 2: $0.7996/100
day 3: $0.7985/100. (The contractual size of one CME Yen contract is 12,500,000).
1) If you have a SHORT position in one futures contract, what would be the values on your margin account on day 1, day 2 and day 3?
2) If you have a LONG position in one futures contract, what would be the values on your margin account on day 1, day 2 and day 3?
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Millionaire By Thirty The Quickest Path To Early Financial Independence
Authors: Douglas R. Andrew, Emron Andrew, Aaron Andrew
1st Edition
0446501840, 978-0446501842
