Question
You are short 15 gasoline futures contracts, established at an initial settle price of $2.66 per gallon, where each contract represents 42,000 gallons. Over the
You are short 15 gasoline futures contracts, established at an initial settle price of $2.66 per gallon, where each contract represents 42,000 gallons. Over the subsequent four trading days, gasoline settles at $2.63, $2.68, $2.71, and $2.76, respectively. |
Calculate the profit or loss for each trading day. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) |
Profit/Loss | |
Day 1 | $ |
Day 2 | $ |
Day 3 | $ |
Day 4 | $ |
Compute your total profit or loss at the end of the trading period. (Do not round intermediate calculations. Input your answer as a positive value.) |
(Click to select)ProfitLoss | $ |
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