Suppose you "sell to open a short position" one December 2021 Ultra 10-year T-Note futures...
60.1K
Verified Solution
Link Copied!
Question
Finance
Suppose you "sell to open a short position" one December 2021 Ultra 10-year T-Note futures contract at the contract price of 145'255 in CME. The initial margin requirement on the Ultra 10-year T-Note futures contract is $2,695 and the maintenance margin requirement is $2,450. How much will your account balance be at the end of the second day if the settlement price of the contract turns out to be 146'015 at the end of the first day and 145'205 at the end of the second day. Contract size is $100,000.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
