size isYou decided to speculate in the market and sold six platinum futures contracts when the futures pricewas $1,391.20 per troy ounce. The price on the contract maturity date was $1,395. The50 troy ounces. What was your total profit or loss on the settlement dayposition in the spot market? You sold for less than the eventual market1391.2)*6 contracts * 50 oz = 1140 losscontracthad to coverif youyourso you lost money.price,(1395-

Contracts sold = 6 Future price = $1391.20 per troy ounce Contract price on Maturity = $1395…

The contract size is You decided to speculate in the market and sold six platinum futures contracts when the futures price was $1,391.20 per troy ounce. The price on the contract maturity date was $1,395. 50 troy ounces. What was your total profit or loss on the settlement day position in the spot market? You sold for less than the eventual price, 1391.2)*6 contracts * 50 oz = 1140 loss if you had to cover your so you lost money. market (1395-

The contract size is You decided to speculate in the market and sold six platinum futures contracts when the futures price was $1,391.20 per troy ounce. The price on the contract maturity date was $1,395. 50 troy ounces. What was your total profit or loss on the settlement day position in the spot market? You sold for less than the eventual price, 1391.2)6 contracts 50 oz = 1140 loss if you had to cover your so you lost money. market (1395-

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

size is
You decided to speculate in the market and sold six platinum futures contracts when the futures price
was $1,391.20 per troy ounce. The price on the contract maturity date was $1,395. The
50 troy ounces. What was your total profit or loss on the settlement day
position in the spot market? You sold for less than the eventual market
1391.2)*6 contracts * 50 oz = 1140 loss
contract
had to cover
if you
your
so you lost money.
price,
(1395-

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Please show step by step how to solve this AMT is currently trading at $110/share. You bought 4 CALL-option contracts on AMT with a strike price of $100 for $26.0 each and sold 4 CALL - option contracts on AMT with a strike price of $130 for $7.0 each. a. What will be your total $ and % gain/loss if AMT price is $115 at the expiration date?b. What will be your total $ and % gain/loss if AMT price is $135 at the expiration date?c. What will be your total $ and % gain/loss if AMT price is $100 at the expiration date?
Suppose that you bought two one-year gold futures contracts when the one-year futures price of gold was US$1,340.30 per troy ounce. You then closed the position at the end of the sixth trading day. The initial margin requirement is US$5,940 per contract, and the maintenance margin requirement is US$5,400 per contract. One contract is for 100 troy ounces of gold. The daily prices on the intervening trading days are shown in the following table. Day Settlement Price 0 1340.30 1 1345.50 2 1339.20 3 1330.60 4 1327.70 5 1337.70 6 1340.60 Assume that you deposit the initial margin and do not withdraw the excess on any given day. Whenever a margin call occurs on Day t, you would make a deposit to bring the balance up to meet the initial margin requirement at the start of trading on Day t+1, i.e., the next day. b. Fill the appropriate numbers in the blank cells in the following table. (Hint: See solution to Q19 in Lesson 2 Learning…
You buy 6 call options with a contract size of AUD 30,000. They have a USD/AUD strike price of 0.57 and a premium of 7.86 (USD/AUD). You hold these options for 1 month and then sell them for 6.8 (USD/AUD). The brokerage fee on each contract is payable on both entry and exit and is USD 12.21. What is the net profit on this transaction in USD? O a. -190,946.52 Ob. -31,824.42 Oc. -190,800.00 O d. -190,873.26 Oe. -55,800.00 You buy 6 call options with a contract size of AUD 30,000. They have a USD/AUD strike price of 0.57 and a premium of 7.86 (USD/AUD). You hold these options for 1 month and then sell them for 6.8 (USD/AUD). The brokerage fee on each contract is payable on both entry and exit and is USD 12.21. What is the net profit on this transaction in USD? O a -190,946.52 Ob 31,824.42 O-190,800.00 Od 190,873.26 -55.800.00
Jon establishes a long position of one T-bond future today for a settlement price of 101'02. The exchange requires an initial margin of $2700 and a maintenance margin of $2500. Below are the next two days closing price on this contract. Day 1: settlement price100'31 Day 2: settlement price 99'30 The margin account balance after two days is Numeric Response dollars
Assume today's settlement price on a CME EUR futures contract is $1.3140/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,700. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. Calculate the changes in the performance bond account from daily marking-to-market and the balance of the performance bond account after the third day. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Changes in the performance bond account W
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Help me please
Consider the following prices, volume and open interest for gold futures contracts. Contract size: 100 oz Price units: $/oz (a) Which contract reached the highest price on this trading day? What was its contract value at that price? (b) Why is the high price equal to the low price for the contract expiring in October 2022?
An investor takes a long position in two gold futures contracts. Each gold futures contract is for delivery of 100 ounces of gold. The initial futures price is $1,250 per ounce. The initial margin is $6,000 per contract. The investor closes the contracts when the gold futures price is $1,226.90. If there was one margin call for $4,020, what is the balance in the margin account at the time of closing the futures contracts? a. $11,400 b. $11,800 c. $12,200 d. $12,600 e. $13,000

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