You Sold a Futures Contract on Oats at a Futures

question 72

Multiple Choice

You sold a futures contract on oats at a futures price of 233.75 and at the time of expiration the price was 261.25.What was your profit or loss?

• A)$1375.00
• B)-$1375.00
• C)-$27.50
• D)$27.50
• E)None of the above

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Definitions:

Paraffin Wax

A soft, colorless solid derived from petroleum, coal, or oil shale that's used in candles, cosmetics, and for waterproofing.

IR Stretch

Infrared absorption by a molecule caused by the stretching vibrations of bonds, typically used in spectroscopy to identify functional groups.

Simple Lipids

Fats and waxes composed mostly of triglycerides, which are esters formed from glycerol and three fatty acids.

Unsaturated Triglyceride

A type of triglyceride (a fat or oil) with at least one double bond in the fatty acid chains, making it less dense and typically liquid at room temperature.