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You are currently working on the confectionary futures market trading jelly beans. The monitor below shows the current jelly bean spot prices and futures contracts

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You are currently working on the confectionary futures market trading jelly beans. The monitor below shows the current jelly bean spot prices and futures contracts available in dollars. Storage costs for jelly beans are $5 per month. Identify the arbitrage opportunity and select the appropriate strategy to make a profit. Ignore the time value of money. Today's date: 31 August Futures Market Spot Market Spot price Action Future Action Month Price Long Short Buy Sell September 32 32 October 37 November 42 1000 December 48

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