As a result of the following trades - buy 10 Dec 2015 BAB futures, buy 10 Mar 2016 BAB futures, sell 10 Jun 2016 BAB futures and sell 10 Dec 2015 BAB futures - the trader's position is as follows:
A) long 10 Dec 2015 BAB futures
B) short 10 Dec 2015 BAB futures
C) no position, they have closed out
D) long 10 Mar 2016 BAB futures and short 10 Jun 2016 BAB futures
E) short 10 Mar 2016 futures and long 10 Jun 2016 BAB futures.
Correct Answer:
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