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Yesterday you sold six-month futures on the S&P index at a price of 2,100. Today the index closed at 2,050 and the future at 2,140.
Yesterday you sold six-month futures on the S&P index at a price of 2,100. Today the index closed at 2,050 and the future at 2,140. You get a call from your broker. Is he:
A. asking you to pay $40 times the contract size into your margin account?
B. telling you that you can withdraw $50 times the contract size from your margin account?
C. telling you that you can withdraw $40 times the contract size from your margin account?
D. asking you to pay $50 times the contract size into your margin account?
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