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

question 2

Multiple Choice

You took a short position in two S&P 500 futures contracts at a price of 910 and closed the position when the index futures was 892,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 above.

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Definitions:

Scan

The process in which a PLC systematically checks its input conditions and updates its outputs accordingly, forming one cycle of its operation.

Direction

A term that specifies orientation or course of motion; in technical contexts, it often relates to the flow of data, operations, or movements in systems and machinery.

Ladder Logic

A graphical programming language used in programmable logic controllers (PLCs) that represents electrical control circuits with rungs of logic operations.

Rungs

The horizontal lines found in ladder logic diagrams representing electrical circuits, where each rung signifies a unique control element or condition.