Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You went long 20 June 2019 crude oil futures contracts at a price of $43.26. Looking at Figure 14.1, if you closed your position at

You went long 20 June 2019 crude oil futures contracts at a price of $43.26. Looking at Figure 14.1, if you closed your position at the settle price on this day, what was your profit?

image text in transcribed

image text in transcribed

Open Open Interest Settle Chg Contract Open High hilo Low Cotton (ICE-US)-50,000 lbs.: cents per lb. May 78.18 78.35 77.32 July 78.73 78.84 78.09 Orange Juice (ICE-US)-15,000 lbs., cents per lb. May 108.90 109.80 108.20 July 113.70 114.35 111.85 77.62 78.46 -.47 -.01 51,151 81,051 108.60 -.80 112.20 -1.95 10,496 7,078 11.597 Futures Contracts WSJ.com/commodities Metal & Petroleum Futures Contract Open High hilo Low Settle Chg Interest Copper-High (CMX)-25,000 lbs.; $ per lb. April 2.9225 -0.0090 1,264 May 2.9325 2.9425 2.9110 2.9255 -0.0085 92,345 Gold (CMX)-100 troy oz.: $ per troy oz. April 1304.00 1304.00 1301.50 1309.10 5.60 325 June 1308.201314.70 1304.70 1313.90 5.60 331,311 Aug 1314.50 1320.70 1311.00 1319.90 5.60 50.769 Dec 1326.50 1332.20 1322.80 1331.90 5.60 36,080 Feb 20 1329.90 1337.90 1329.90 1337.90 5.50 April 1337.30 1343.10 1334.80 1343.60 5.50 6,985 Palladium (NYM)-50 troy oz.; $ per troy oz. April 1366.40 0.60 1 June 1362.60 1371.50 1355.00 1363.20 0.60 19,677 Sept 1356.40 1361.70 1349.20 1356.80 1.40 2,205 Platinum (NYM)-50 troy oz: $ per troy oz. April 900.00 900.00 900.00 903.20 9.30 67 July 896.10 912.80 890.50 908.90 9.60 69,489 Silver (CMX)-5.000 troy oz.; $ per troy oz. April 15.170 15.205 15.095 15.201 0.033 16 May 15.185 15.265 15.115 15.244 0.033 117,796 Crude Oil, Light Sweet (NYM)-1000 bbls.; $ per bbl. 64.22 64.70 64.05 64.61 0.63 280,173 June 64.20 64.71 A 64.01 64.65 0.69 321,402 July 64.12 64.69 A 63.93 64.67 0.76 189.217 63.72 64.40 A 63.55 64.38 0.82 154,891 Dec 62.73 63.47 A 62.57 63.46 0.84 199.537 Dec 20 58.73 59.29 A 58.68 59.28 0.56 118,733 NY Harbor ULSD (NYM)-42.000 gal.; $ per gal. May 2.0510 2.0897 A 2.0488 2.0876 .0427 90.825 June 2.0575 2.0910 A 2.0892 .0412 79.735 Gasoline NY RBOB (NYM)-42.000 gal: $ per gal. May 2.0105 2.0702 A 2.0105 2.0692 .0702 108,354 June 1.9850 2.0307 A 1.9806 2.0297 .0598 103,754 Natural Gas (NYM)-10,000 MMBtu.; $ per MMBtu. May 2.705 2.729 2.686 2.700 .001 187,831 June 2.749 2.768 2.726 2.742 .003 167,629 July 2.805 2.824 2.786 2.801 .003 125.844 Aug 2.832 2.849 2.813 2.827 .001 71.485 Sept 2.827 2.843 2.808 2.821 144,545 Oct 2.849 2.861 2.829 2.842 .001 95,014 Interest Rate Futures Treasury Bonds (CBT)-$100,000; pts 32nds of 100% June 147-280 148-170 147-230 148-070 7.0 941,582 Treasury Notes (CBT)-$100,000: pts 32nds of 100% June 123-190 123-295 123-170 123-255 5.0 3.920,906 Sept 123-305 124-040 123-270 124-015 6.0 2.121 5 Yr. Treasury Notes (CBT) $100,000; pts 32nds of 100% June 115-160 115-230 115-147 115-202 3.5 4,272,721 Sept 115-220 115-252 115-202 115-240 4.0 41,922 2 Yr. Treasury Notes (CBT) $200,000; pts 32nds of 100% June 106-123 106-147 106-122 106-136 1.0 3,407,265 30 Day Federal Funds (CBT)-$5,000,000;100-daily avg. April 97.590 97.593 97.590 97.590 -002 222,888 May 97.600 97.600 97.595 97.595 -.005 264,957 10 Yr. Del. Int. Rate Swaps (CBT)-$100,000; pts 32nds of 100% June 104.406 104.797 104.406 104.641 .188 19.922 1 Month Libor (CME)-$1300,000; pts of 100% April 97.5225 15 Eurodollar (CME)-$1000,000; pts of 100% April 97.4275 97.4275 97.4100 97.4175 -.0125 225,824 June 97.4450 97.4550 97.4400 97.4450 -.0050 1,459,756 Sept 97.4850 97.5050 97.4850 97.4950 1,385,215 Dec 97.5050 97.5350 97.5050 97.5200 .0050 1,653,693 May Sept 2.0520 Currency Futures Japanese Yen (CME)- 12,500,000; $ per 100 April .8998 .9016 .8992 June .9047 9070 .9034 Canadian Dollar (CME)-CAD 1000,000; $ per CAD .9015 .9059 .0010 .0009 2,490 161,102 .7507 .7518 -.0001 1,031 141,631 1.75 553,142 2.25 556,095 1.3087 .0041 1.3128 .0041 815 139,407 -2.25 - 1.00 3,102 1,875 Sept 1.0038 -.0031 1.0123 -.0032 74,074 48 3.25 267,825 3.50 261,722 April .7508 .7508 .7505 June .7514 .7528 .7497 British Pound (CME)- 62,500; $ per April 1.3054 1.3118 1.3052 June 1.3097 1.3165 1.3093 Swiss Franc (CME)-CHF 125,500; $ per CHF June 1.0067 1.0075 1.0030 1.0122 1.0130 1.0117 Australian Dollar (CME)-AUD 100,000; $ per AUD April .7116 .7164 .7116 May .7127 .7179 7117 June .7133 .7185 .7120 Sept .7146 .7196 .7140 Dec .7176 .7187 .7176 March 20 .7172 .7172 .7163 Mexican Peso (CME)-MXN 500,000; $ per MXN April .05272 .05272 .05272 June .05226 .05259 .05222 Euro (CME)-125,000; $ per April 1.1271 1.1292 1.1241 June 1.1328 1.1360 1.1294 255 312 1.00 142,987 1.00 149.225 144.937 .7167 .0042 .7171 .0042 .7176 0042 .7189 .0041 .7203 .0041 .7216 .0041 .03 127.952 .03 158,428 670 203 73 -5.50 -2.50 5,281 2.162 .05303 .00026 .05251 .00026 39 234,619 -1.50 158,124 -2.50 171,832 1.1276 0003 1.1336.0003 2.387 478,245 436.25 -1.25 -2.25 117,401 125.262 8 78,612 Agriculture Futures Corn (CBT)-5,000 bu; cents per bu. May 360.25 362.75 360.00 361.75 July 368.75 371.75 368.75 370.75 Oats (CBT)-5,000 bu; cents per bu. May 282.00 282.00 277.00 279.00 July 274.25 274.75 269.75 272.75 Soybeans (CBT)-5,000 bu.; cents per bu. May 898.75 903.75 897.25 902.00 July 911.50 917.00 910.25 915.25 Soybean Meal (CBT)-100 tons.; per ton. May 309.10 311.00 308.50 310.10 July 312.80 314.70 312.20 313.80 Soybean Oll (CBT)-60,000 lbs., cents per lb. May 29.02 29.11 28.81 29.07 July 29.31 29.41 29.12 29.38 Rough Rice (CBT)-2000 cwt.; $ per cwb. May 1032.00 1041.50 1021.50 1023.50 July 1059.00 1061.50 1042.00 1048.50 Wheat (CBT)-5000 bu.; cents per bu. May 459.00 461.75 455.50 458.00 July 463.75 464.75 460.00 461.50 Wheat (KC)-5000 bu., cents per bu. May 426.75 430.00 424.50 426.25 July 433.50 431.50 432.75 Wheat (MPLS)-5000 bu.; cents per bu. May 523.00 533.50 523.00 530.25 July 531.00 541.25 531.00 537.00 Cattle-Feeder (CME)-50,000 lbs., cents per lb. April 145.850 145.925 145.00 145.175 Aug 157.600 157.750 156.450 157.025 Cattle-Live (CME)-40,000 lbs., cents per lb. April 125.825 126.325 125.375 125.875 June 120.150 120.350 119.600 119.950 Hogs-Lean (CME)-40,000 lbs., cents per lb. April 78.750 79.125 78.675 78.900 June 94.000 97.325 93.525 96.450 Lumber (CME)-110,000 bd.ft. $ per 1,000 bd. ft. May 342.30 344.80 336.00 342.40 July 346.30 348.10 340.80 345.00 Milk (CME)-200,000 lbs., cents per lb. April 15.94 15.99 A 15.87 15.97 May 15.84 15.96 A 15.84 15.92 Cocoa (ICE-US)-10 metrictons, $ per ton. May 2,439 2.449 2,421 2,443 July 2,418 2.425 2,399 2,423 Coffee (ICE-US)-37,500 lbs, cents per lb. May 93.75 94.50 93.10 94.25 July 96.20 96.95 95.60 96.75 Sugar-World (ICE-US)-112,000 lbs, cents per lb. May 12.78 12.83 12.70 12.81 July 12.90 12.99 12.84 12.98 Sugar-Domestic (ICE-US)-112,000 lbs; cents per lb. July 26.99 27.00 26.99 27.00 Sept 26.65 26.96 26.65 27.10 7.25 5.75 21,552 21,816 11.90 28,438 - 975 -575 3,781 18,169 12.00 2,531,776 12.00 19,300 -.025 23,376 - 400 198,207 Index Futures Mini DJ Industrial Average (CBT) $ 5 x index June 26144 26233 26107 26166 S&P 500 Index (CME)-$250 x Index June 2883.00 2895.50 A 2883.00 2894.50 Mini S&P 500 (CME)-$50 x Index June 2882.00 2895.75 2878.00 2894.50 Sept 2887.75 2901.00 2883.50 2899.50 Mini S&P Midcap 400 (CME)-$100 x Index June 1932.20 1951.50 1929.00 1949.40 Mini Nasdaq 100 (CME) $20 x Index June 7590.5 7646.0 A 7575.8 7641.3 Mini Russell 2000 (ICE-US)-$100 x Index June 1564.50 1586.80 1562.10 1585.80 Mini Russell 1000 (ICE-US)-$100 x Index June 1599.70 1603.40 1598.40 1603.00 US Dollar Index (ICE-US)-$1,000 x Index June 96.60 96.84 96.41 96.56 18.30 63,577 375 1.300 13,520 82,006 48.0 200.115 2.40 .70 1,880 1,016 21.10 435,857 .02 .07 3.396 3,878 6.30 8,979 -05 49.480 -3 5 21,910 88,143 .60 .65 90,442 115,156 .03 230,257 .08 299,402 39 44 2.759 2.456

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance Lessons From The Past And Effects On The Future

Authors: Miguel-Angel Galindo Martin

1st Edition

1629481491, 978-1629481494

More Books

Students also viewed these Finance questions

Question

Pick an opportunity and name the sources of value in it.

Answered: 1 week ago