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You have $9,683.66 in your account and buy one contract of Mar 2022 Crude Oil Futures at $43.11 per barrel. Except for transaction costs of
You have $9,683.66 in your account and buy onecontractof Mar 2022 Crude Oil Futures at $43.11 per barrel. Except for transaction costs of $2, there are no further costs at this point. However, an initial margin of $3,575 and a maintenance margin of $3,250 is required. Assume that after one week the price has dropped to $40.38 and that you want to withdraw as much money from the account as possible without selling the future. How much money can you withdraw? (withdrawals are free)
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