On January 1, you sold one February maturity S&P 500 Index futures contract at a futures...
On January 1, you sold one February maturity S&P 500 Index futures contract at a futures price of 2,418. If the futures price is 2,495 at contract maturity, what is your profit? The contract multiplier is $50. (Input the amount as positive value.)
Homework Answers
Profit from shorting futures=number of contracts*multiplier*(selling price-final price)=1*50*(2418-2495)=-3850.00
Loss of 3850.00
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