You want to store gasoline in the Gulf Coast as your POV is that gasoline will be worth more next summer than it is currently in October 2017. To execute on this trade, you enter into a storage agreement with a tank farm in Houston to store 500,000 barrels of product from October 1t thru end of May 2018 at a cost of SIMM per month. In September 2017, you entered into a forward physical contract to purchase 500,000 barrels of gasoline from ABC trading company to be delivered into storage in October at a cost of S1.50 per gallon (42 gallons per barrel. Since the product has not been sold yet, you enter into a June 2018 RBOB futures contract to sell 500 lots of RBOB futures at S2.10 per gallon. In April 2018, you enter into a physical forward sales contract to sell 500,000 barrels of gasoline for $2.20 per gallon in May 2018 Since product has now been sold you buy 500 lots of June 2018 RBOB futures at $2.30 per gallon. What was your profit/loss on this entire trade