We see that the net profit from long position in 30 June 13 crude oil futures is given as equal to=1000*(91.09-88.66)*30
=72900
You went long 30 Jun-13 crude oil futures contracts at a price of $88.66. Looking at figure 14.1, if you closed your position at the settle price on this day, what was your profit? (Omit the ...
Suppose you sell six August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if gold prices turn out to be $1,249.70 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,235.90 per ounce at expiration? (Do...