trader goes long the FT1 contract and short the FT2 contract believing these are not equilibrium prices and that he will profit when they adjust to equilibrium. Say the next day, t + 1, the t+1 FT1 price moves to 110 and t+1FT2 adjusts to an equilibrium price. If the trader round trips his positions on day t+1, what is his profit or loss on the FT2 position? a loss of 11 a loss of 12 a profit of 12 a profit of 11 this cannot be determined from the information given trader goes long the FT1 contract and short the FT2 contract believing these are not equilibrium prices and that he will profit when they adjust to equilibrium. Say the next day, t + 1, the t+1 FT1 price moves to 110 and t+1FT2 adjusts to an equilibrium price. If the trader round trips his positions on day t+1, what is his profit or loss on the FT2 position? a loss of 11 a loss of 12 a profit of 12 a profit of 11 this cannot be determined from the information given