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You have entered into five short gold futures contracts, each for 100 oz. of gold. When you entered the contracts, the futures price was $401.30
You have entered into five short gold futures contracts, each for 100 oz. of gold. When you entered the contracts, the futures price was $401.30 per oz (ie. $40 130 per contract). You are required to post an initial margin of $2000 per contract, and are told that you have a maintenance margin of $1500. Over the next five days, the futures price is: We will assume that if you face any margin calls, you meet them. On each of the five days, what is your profit/loss? What is the level of your margin account? How much of a margin call will you face? At the end of the five days, how much money could you withdraw from your margin account if you wished
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