You Speculate in the Market by Selling 15 Gold Futures

question 3

Multiple Choice

You speculate in the market by selling 15 gold futures contracts when the futures price is $418.23 per ounce. The price on the contract maturity date is $397.62. What is your total profit (loss) if the contract size is 100 ounces?

• A) $206
• B) $309
• C) $2,061
• D) $20,610
• E) $30,915