Question
You believe crude oil price will be going to decrease and short 1 contract of oil today (a crude oil contract size is 1,000 barrels
You believe crude oil price will be going to decrease and short 1 contract of oil today (a crude oil contract size is 1,000 barrels per contract). The current future price for delivery in March is $38 per barrel. If crude oil price turns out to be $35.50 per barrel at the contract maturity date, whats your profits/losses?
| A. | $5,000
| |
| B. | $3,000
| |
| C. | $2,000
| |
| D. | $4,000
|
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
9th Edition
0618938737, 978-0618938735
