Klaus bought a December E-mini Dow contract at 17,750. On the December delivery date, the Dow closed at 18,035. Klaus' profit or loss was

Question

Quizplus · Accepted Answer

Klaus made a profit because the closing price (18,035) was higher than the purchase price (17,750). The difference is 285 points. Since each point in the E-mini Dow contract is worth $5, the total profit is 285 points * $5 = $1,425.

Klaus Bought a December E-Mini Dow Contract at 17,750