On 1 January You Sold One April S&P 500 Index

question 10

Multiple Choice

On 1 January you sold one April S&P 500 index futures contract at a futures price of 1300. If the April futures price is 1250 on 1 February, your profit would be ________ if you close your position. (The contract multiplier is 250.)

• A)-$12 500
• B)-$15 000
• C)$15 000
• D)$12 500