You initially entered into 6 long pork belly positions in the futures market.You subsequently went long another 3 contracts and then went short 4 contracts.Which of the following is correct? Assume that all of the contracts have the same settlement price and settlement date.
A) if you do nothing more then you must take delivery on 5 pork belly contracts
B) if you do nothing more then you must deliver 5 pork belly contracts
C) if you do nothing more then you must take delivery on 9 pork belly contracts
D) if you do nothing more then you must deliver 4 pork belly contracts
Correct Answer:
Verified
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