If You Took a Short Position in Two S&P 500

question 35

Multiple Choice

If you took a short position in two S&P 500 futures contracts at a price of 3,510 and closed the position when the index futures was 3,492, you incurred

• A) a gain of $9,000.
• B) a loss of $9,000.
• C) a loss of $18,000.
• D) a gain of $18,000.
• E) None of the options are correct.

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Definitions:

Variance

A measure of how much values in a data set differ from the mean of the set.

Cohen's D

Cohen's d is a statistic used to quantify the difference between two means, measured in standard deviations.

Cohen's D

A measure of effect size indicating the standardized difference between two means.

Standard Deviation Units

Units measured in terms of the number of standard deviations away from the mean of the distribution.