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

question 21

Multiple Choice

If you took a short position in two S&P 500 futures contracts at a price of 1,510 and closed the position when the index futures was 1,492, 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 options are correct.

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Definitions:

Channel

A natural or artificial waterway through which water flows.

Hydrograph

A graph showing the rate of flow (discharge) versus time past a specific point in a river, or other channel or conduit carrying flow.

Summer Thunderstorm

A weather phenomenon characterized by heavy rainfall, lightning, thunder, and occasionally hail, frequently occurring in the summer.

Steady Light Rain

A continuous and uniform precipitation with relatively low intensity, typically not leading to significant flooding.