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Use the following information for questions 3-6. Suppose that you shorted a June S&P 500...

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Use the following information for questions 3-6. Suppose that you shorted a June S&P 500 futures contract (250 x index) a month ago at 2948.80. Today it rose by 120.50 and settled at 2780.60. The initial margin requirement was $35,000 and the maintenance margin requirement is $20,000. You have not had a margin call for the contract. 3. What's it going to take for you to have a margin call? That is, where does the futures price have to be for you to have a margin call? Answer: The futures price has to be above / below (circle one) 4. What's your profit or loss since you opened the contract? Answer: Profit/Loss of $ (Circle One) 5. What was your one-day profit or loss today? Answer: Profit/Loss of $ (Circle One) 6. What's your margin balance at today's settle? Answer: Your margin balance is currently $ 7. Suppose that someone purchased a May $75 put option on a stock for $150 while the stock illing for $79 75 What's the gain or loss for the buyer of the put if the stock is

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