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18. You sell one December gold futures contract when the futures price is $1,010 per ounce....
You buy one December futures contracts when the futures price is $1,010 per unit. Each contract...
You buy one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $3,000. The maintenance margin per contract is $2,000. During the next day the futures price falls to $1,004 per unit. What is the balance of your margin account at the end of the day? $3,200 $3,400 $3,600 $2,400
1. Consider the futures contract to buy/sell December gold for $500 per ounce on the New...
1. Consider the futures contract to buy/sell December gold for $500 per ounce on the New York Commodity Exchange (CMX). The contract size is 100 ounces. The initial margin is S3,000, and the maintenance margin is $1,500. 1.a. Suppose that you enter into a long futures contract to buy December for $500 per ounce on the CMX What change in the futures price will lead to a margin call? If you enter a short futures contract, what futures price will...
The December 2020 Gold Futures contract was priced at $1,500.00 (i.e., F0) per troy ounce on...
The December 2020 Gold Futures contract was priced at $1,500.00 (i.e., F0) per troy ounce on 3/16/2020. Each gold futures contract represents 100 troy ounces. The initial margin requirement (IMR) is $8,000 per contract and the maintenance margin requirement (MMR) is $6,000 per contract. Jennifer Shaw bought 1 December 2020 Gold futures contract at $1,500.00 on 3/16/2020; Pauline Woo sold 1 December 2020 Gold futures contract at $1,500.00 on 3/16/2020. Today (3/17/2020), the December 2020 Gold futures contract is priced...
Suppose that you bought two one-year gold futures contracts when the one-year futures price of gold...
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...
Intro The futures price per troy ounce of gold delivered in 3 months is as follows:...
Intro The futures price per troy ounce of gold delivered in 3 months is as follows: Day Futures price 1,239 1 1,243 1,235 2 1,231 Each contract is for 100 troy ounces. Attempt 2/10 for 10 pts Part 4 If the initial margin requirement is 30%, how much money do you have to put into your brokerage account? No decimals Submit Attempt 4/10 for 10 pts. Part 5 What is the balance in your margin account at the end of...
You are long 28 gold futures contracts, established at an initial settle price of $1,536 per...
You are long 28 gold futures contracts, established at an initial settle price of $1,536 per ounce, where each contract represents 100 troy ounces. Your initial margin to establish the position is $12,000 per contract and the maintenance margin is $11,200 per contract. Over the subsequent four trading days, gold settles at $1,525, $1,521, $1,531, and $1,541, respectively Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit...
You are long 20 gold futures contracts, established at an initial settle price of $1,512 per...
You are long 20 gold futures contracts, established at an initial settle price of $1,512 per ounce, where each contract represents 100 troy ounces. Your initial margin to establish the position is $12,000 per contract and the maintenance margin is $11,200 per contract. Over the subsequent four trading days, gold settles at $1,506, $1,502, $1,507, and $1,517, respectively. Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit...
2. An investor enters into a futures contract covering 100 ozs. of gold. At the time the underlyi...
2. An investor enters into a futures contract covering 100 ozs. of gold. At the time the underlying price of gold is $1,525 per ounce. At the end of the year the investor is still holding the contract and the underlying price of gold under the contract is $1,450 per ounce. On March 1, of the following year, the investor takes delivery of 100 ozs. of gold under the contract when the price of gold is $1,400 per ounce. A....
On 1.11.2019 you enter into a long futures contract for 100 ounces of gold at $1,500...
On 1.11.2019 you enter into a long futures contract for 100 ounces of gold at $1,500 an ounce. Your initial margin is set at 15% of the contract value. The settlement prices for gold on the subsequent two days are: $1550 on 2.11.2019 and $1,470 on 3.11.2019. Show the “marking-to-market” and the adjustment in the margin account at the end of each of the two trading days. What is the total 2-day gain or loss on the position?
You are long 19 gold futures contracts, established at an initial settle price of $849 per...
You are long 19 gold futures contracts, established at an initial settle price of $849 per ounce, where each contract represents 100 troy ounces. Your initial margin to establish the position is $12,000 per contract, and the maintenance margin is $11,200 per contract. Over the subsequent four trading days, gold settles at $838, $834, $844, and $854, respectively. Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit...
1. Consider the futures contract to buy/sell December gold for $500 per ounce on the New York Commodity Exchange (CMX). The contract size is 100 ounces. The initial margin is S3,000, and the maintenance margin is $1,500. 1.a. Suppose that you enter into a long futures contract to buy December for $500 per ounce on the CMX What change in the futures price will lead to a margin call? If you enter a short futures contract, what futures price will...
Intro The futures price per troy ounce of gold delivered in 3 months is as follows: Day Futures price 1,239 1 1,243 1,235 2 1,231 Each contract is for 100 troy ounces. Attempt 2/10 for 10 pts Part 4 If the initial margin requirement is 30%, how much money do you have to put into your brokerage account? No decimals Submit Attempt 4/10 for 10 pts. Part 5 What is the balance in your margin account at the end of...
You are long 28 gold futures contracts, established at an initial settle price of $1,536 per ounce, where each contract represents 100 troy ounces. Your initial margin to establish the position is $12,000 per contract and the maintenance margin is $11,200 per contract. Over the subsequent four trading days, gold settles at $1,525, $1,521, $1,531, and $1,541, respectively Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit...
You are long 19 gold futures contracts, established at an initial settle price of $849 per ounce, where each contract represents 100 troy ounces. Your initial margin to establish the position is $12,000 per contract, and the maintenance margin is $11,200 per contract. Over the subsequent four trading days, gold settles at $838, $834, $844, and $854, respectively. Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit...
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