Question 5 days ago you thought that the crude oil price, Ask an Expert

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Question: 5 days ago you thought that the crude oil price was going to drop so you went ahead and sold 10 futures contracts with delivery in 5 days (which is today). The original delivery price you sold at was $52.00 per barrel. Below is how the crude oil fluctuated during the 5 days since you sold the contract:

Day0 $52.00

Day1 $51.76

Day2 $51.56

Day3 $52.33

Day4 $51.99

Day5 $52.33

a. What's your total P/L?

b. Mark your account balance to market at the end of each day, assuming a 15% initial margin requirement.

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Category:- Basic Finance
Reference No.:- M92766812

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