You took a short position in two S&P 500 futures contracts at a price of 910 and closed the position when the index futures was 892,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 above.

Question

Quizplus · Accepted Answer

The Answer of You took a short position in two S&P 500 futures contracts at a price of 910 and closed the position when the index futures was 892,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 above.

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