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You have a $2.5 million stock portfolio. You short 5 S&P 500 index futures at 3210. in 6 months, the S&P is up 8% as

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You have a $2.5 million stock portfolio. You short 5 S&P 500 index futures at 3210. in 6 months, the S&P is up 8% as are the futures. You offset your futures position at that time. The contract size is 250 x price and the initial margin requirement is $23,500 A. Calculate your dollar profit or loss on the futures trade. B. Calculate your HPR

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