Question
What was your total profit (in dollars) on the following speculative position? You went long 100 gold contracts, short 100 platinum contracts, and long 100
- What was your total profit (in dollars) on the following speculative position?
- You went long 100 gold contracts, short 100 platinum contracts, and long 100 silver contracts on January 2nd and closed out each position on January 4th.
| Trading date | June Gold Futures, 100 troy oz/contract ($/oz) | April Platinum Futures, 50 troy oz/contract ($/oz) | March Silver Futures, 5,000 troy oz/contract (cents/oz) |
| 2-Jan | 900.5 | 1,222.20 | 2,540.20 |
| 3-Jan | 910.6 | 1,323.30 | 2,424.70 |
| 4-Jan | 914.2 | 1,244.80 | 2,547.80 |
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Master The Art Of House Flipping
Authors: Livia V. Velez
1st Edition
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