You Sell One December Futures Contracts When the Futures Price

question 13

Multiple Choice

You sell one December futures contracts when the futures price is $1,010 per unit.Each contract is on 100 units and the initial margin per contract that you provide is $2,000.The maintenance margin per contract is $1,500.During the next day the futures price rises to $1,012 per unit.What is the balance of your margin account at the end of the day?

• A) $1,800
• B) $3,300
• C) $2,200
• D) $3,700

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