Question
Use the following chart to complete the questions below. 4 pts WHEAT FUTURES PRICES for Aug 1, 2019 Contract Last Change Open High Low Previous
Use the following chart to complete the questions below. 4 pts
WHEAT |
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FUTURES PRICES for Aug 1, 2019 | ||||||||||||||||
Contract | Last | Change | Open | High | Low | Previous | Volume | Open Int |
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ZWY00 (Cash) | 485 | -5 | 0 | 485 | 485 | 490 | 0 | 0 |
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ZWZ19 (Dec '19) | 481.75 | -1.25 | 481.75 | 484.25 | 477.5 | 483 | 36138 | 201637 |
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ZWH20 (Mar '20) | 488.5 | -1.5 | 488.25 | 490.25 | 484.25 | 490 | 12925 | 80070 |
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ZWK20 (May '20) | 494 | -0.75 | 493.5 | 494.5 | 489.25 | 494.75 | 3529 | 21796 |
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ZWN20 (Jul '20) | 498.25 | 0 | 496.75 | 498.5 | 492.75 | 498.25 | 2389 | 34738 |
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ZWU20 (Sep '20) | 506.5 | 0.5 | 504.75 | 506.5 | 501 | 506 | 752 | 7080 |
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ZWZ20 (Dec '20) | 519.5 | 1 | 516 | 519.75 | 512.75 | 518.5 | 520 | 8708 |
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WHEAT |
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FUTURES PRICES for Tue, Sep 24th, 2019 |
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Contract | Last | Change | Open | High | Low | Previous | Volume | Open Int |
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ZWY00 (Cash) | 475 | -5 | 0 | 475 | 475 | 480 | 0 | 0 |
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ZWZ19 (Dec '19) | 466.75 | -1.25 | 466.75 | 469.25 | 462.5 | 468 | 36138 | 201637 |
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ZWH20 (Mar '20) | 476.5 | -1.5 | 476.25 | 478.25 | 472.25 | 478 | 12925 | 80070 |
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ZWK20 (May '20) | 484 | -0.75 | 483.5 | 484.5 | 479.25 | 484.75 | 3529 | 21796 |
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ZWN20 (Jul '20) | 478.25 | 0 | 476.75 | 478.5 | 472.75 | 478.25 | 2389 | 34738 |
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ZWU20 (Sep '20) | 491.5 | 0.5 | 489.75 | 491.5 | 486 | 491 | 752 | 7080 |
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ZWZ20 (Dec '20) | 499.5 | 1 | 496 | 499.75 | 492.75 | 498.5 | 520 | 8708 |
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What would the profit/loss be if you went long in the market 10 contracts of JUL20 Wheat on Aug 1 trading at the low and offsetting your position on Sep 24 at the close of trading?
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