You are short 20 gasoline futures contracts, established at an initial settle price of $2.47 per gallon, where each contract represents 42,000 gallons. Over the subsequent four trading days, gasoline settles at $2.46, $2.51, $2.52, and $2.53, respectively.
Calculate the profit or loss for each trading day. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
Profit/ Loss
Day 1 $
Day 2 $
Day 3 $
Day 4 $
Compute your total profit or loss at the end of the trading period. (Do not round intermediate calculations. Input your answer as a positive value.)
Answers: 2
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