Suppose you sell six June 2014 gold futures contracts on this day, at the last p

Question

Suppose you sell six June 2014 gold futures contracts on this day, at the last price of the day. Use Table 23.1

  

What will your profit or loss be if gold prices turn out to be $1,300.12 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.)

   

  

What will your profit or loss be if gold prices are $1,291.32 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.)

  

Suppose you sell six June 2014 gold futures contracts on this day, at the last price of the day. Use Table 23.1

- TABLE 23.1 Futures Sample Wall Street Joumal Futures Price Quotations Metal &Petroleum; Futures Sugar-World CICE-US)-12.000catspe th Copper-High (CMK)-25000e $perlh July 3.0740 309 3.0150 3.0275 00455 98,212 Sugar-Domestic(ICE-US) 112000b cants pee l Gold CM0 0210 3.0295 00430 4,060 July E: Reprinted by permission of The Wall Street Journal © 2014 Dow Jones 30780 3083 1286.60 1295.60 -0.40 608 No 25.25 25.25 2450 24.85 30 3,182 June 1295.60 1298.40 128490 1295.90 040 218,906 Cotton (CE-US)-50,000cpr lh Aug 1295.50 129750 1285.10 1296.00 0 1769 May Oct 1293.00 129800 1286.00 1296.10 050 10,324 July Dec 1295.10 1297.70 1285.60 1296.20 -050 27,516 Dec'15 129640 129640 1296.40 1299.70 -020 10,641 miNY Gold June 1295.50 128 Aug 1291.00 129100 1291.00 1296.00 050 4.00 94.58 9381 9429 23 115,145 Worldwide,ghtservea 5,000 Ibs cents pr 160.30 160.60 70 Treasury Bonds (CBT)-$100,000:ptsadel i104 June 134-130 135-000 133-300 134-300 18.0 733,186 Sept 133-200 134-060 133-060 134-050 18.0 1753 812.00 81200 812.00 813.85 460 Notes (CBT)-$100,000. pts 32nds ai 100%, 90- 91 10 141710 81 707 60.875 Sept 124-145 123-260 124-135 13.5 2,516,039 Sept 123-025 123-170 122-315 123-170 140 12,048 July 1430.20 143120 1419.70 142790 350 60,875 pts Sands of 200% June 119-060 119-150 119-027 119-145 9.7 2,078,501 Sept 118-100 118-202 118-090 118-200 10.2 18,585 19485 19510 19.060 19.174-0364 100,283 miNY Silver (CMX)-2500tey:$per trop az 2 Yr. Treasury Notes [CET) Saou00: pts 2nds an0% 30 Day Federal Funds (CBT) 5000,000:100-daily avg,. (C T)$100,000, pts 32ndst?00% June 109-28 109-30 109-280 109-300 15 1,085,118 Sapt 109-200 109-202 109-182 109-202 2.0 2B,670 19.188 19.188 19.188 19.200-0375 Crude Oil, Light Sweet (NYM)-L000 bbls: $per bbl 99.34 99.74 154 34154 192,620 April 99 9865 99870 700 97.313 107,875 10Yr. Int. Rate 98.24 98.24 4.9313 214924 June 101-060 101 88.03-0.89 119,044 1Month Liba(CME) 101-050 101-245 13.551,386 000,000:ptsaxon Dec'15 8856 8857 Heating 01 No. 2 May 2.9650 2.9661 2.9235 2.9349-.0352 4,819 July 99.8475 99.8475 993450 998450.0025 June 29620 2.9620 2.9168 2.9281-085495,367 Eurodollar (CME) S100,000:ptsat100 Gasoline-NY RBOBNYN 42000gal-$per gal. May 30589 3.0605 June 30020 30055 2947 2.9644-0436 123,498 Natural GasNYM0,000MM$pr MMBtu 87.73 May 99.8500 99.8500 93500 998500 0025 1,074 521 May 99,7750 99.775 99.7750 99.7750 0025 30,857 2.9918 3.0077-0557 6,961 March 15 99.6150 99.6350 ”.610099.6300 .0150 1.051313 June 99.4300 99.4600 99.4250 994550 0250 1,072,829 Dec 98.9200 98.9650 989000 9896000450 1.222978 4777 4.843-010 182,707 4.747 4.754 4.81807 120,745 June Sept 4.8144.845 4.813..007 61579 Japanese Yen (CME 12,S00,000,Sproow .9743 .9795 .0043 167,682 947 April 4272 4272 4217 4239 -015 51 Canadian Dollar (CME)-CAD)00000, Ser CA 9097 9126 0009 115,458 9078 9086 0009 2,385 British Pound (CME-962 300 $pe Corn(CBT S,000bu cents per bu May 515.0051550 509.00 514.00-175 35,010 June 1.6820 1.6895 A 16797 881.0056 234.02 July 520.75 52150 514.25 519.00 50 627,376 Sept .6803 1.6880 16792 16868 0055 1188 Ethanol (CBT)-23,000 gal:Spergal Swiss Franc (CME HF 125000 per CHF 294 June 1.1319 1.1385 11300 11369 0048 46,955 838 Sept1.1326 11313 1.1326 11378 0048 June 2220 2231 2.181 2.186 Oats (CBT)5,000bu;ents per b. laCEDp Sept923 Mexican Peso(CME NXNS 9222 9267 0023 109395 517 July 36900 37000 358.25 360.50 875 4,661 Sept May 1525.00 1532.00 1516.00 1530.75 675 16,868 June July 1517.25 1517.75 1502.25 1512.75 450 313,722 Sept 07553 0755307553 07573 00017 5500907628 0001127104 900 13810 1387713768 13870 00 259,073 1.69 4188 -89 8,767 u 171 141.05 14109 141.60 2,926 82418198 17 00 1,905 May 5017050480 499.00 503.90 4,00 10,595 June July 490.9049430 489.20 493.70 250 169,405 Sept 1.3806 1.3874 1.37681368 .0061 11'787 Soybean Oil (CBT) 50,000Ibe;oents per lb 1.82 42.11 84 166,719 Euro/British Pound (ICE-US)-E125,000Eper 276 May 1555.50 1553.00 1552.50 1561.50 -100 July 1556.50 1959.50 1548.00 1555.50 1.50 5,605 June 1.2197 1.2204 12187 1.2200.0002 Wheat CBT)S,000 bu, cantsper May 706.25 71600 702.25 713.00 500 501 Index Futures July 715.00 724.75 710.75 72150 500 224,364 DJIndastrial Averagx dex Wheat(KC)-8000a:cants par bu. May 796.50 , 811.00 793.50 80975 1250 1951 Mini DJ Industrial Average(cms, isle Index FutureAverage (CBT)-%433 !Average (CET)Sn165 Wheat(MPLS)-5,000ba;cents per bu 16378 16440 44 74650 75850 742.75 757.0095 1161 S&P500Index;(CME) $290 xindex July760.00 77125 75625 768,75 7.50 5,513 June 1870.40 1880.20 1866.50 1877.90 6.10 129,189 Cattle-Feeder (CME)-50,000bents per Ib. May 180.600 181425 179 Aug 186.800 187.900 186.250 187.475 925 23,690 June 1870 1880.25 186625 187800 6252.835160 Cattle-Live (CME)-40,000sces per April 145.400 143.500 144.900 145.825 325 June 137.175 137.725 136.575 137.200 5 173,780 June 1344.70 1354.80 1337.80 1353.10 7.90 87,449 Hogs-Lean (CME) 40,000 bs;cs per I. May 118.675 119.000 117.275 117.675 -2600 ,854 June 3555 50 358100 3573.25 9.50 16,59 June 124.425 124500 122.500 123.12521509,408 Mini Nasdaq 100 - Sept 1865.40 1872.40 1860.40 1870.50 6.10 1.871 181.200 625 8,202 Mini S&P500; (CME) $S0xindex Sept 1863 25 1872.75 1859.25 187050 600 14711 Mini S&P; P400 (CME-$000 xindex Nasdaq 100 (CME) $100Inde 1000 kd t 35573 3578.0 3539.0 3573.3 95 334.80 335.90 140 1074 Sept 35493 35680 348 3566.5 98 348.588 295 June br0 000 July 333.50 334.60 330.10 331.20 2.30 3126 Mini Russell 2000 (ICE-US)-S100 x inde Milk(CE-200,000 lbs,cants per Ib. April 24.2724.32 ' 2427 24.31 .01 5.011 Sept. 1143.00 1143,00 1135.00 1119.30 730 75 22.01 22.55 07 5,060 Mini Russell 1000 CICE-US)-$100xindex June 1039.40 1048.70 1039.70 1047.10 370 9229 U.S. Dollar Index (ICE-US)$L000xinde 34 0.02 80.02 Coffee ICE-US 37.S00 Ibs-cents per Ib. July 210.00 21120 202.00 205.85 -6.05 84,567

Explanation / Answer

1)

profit or loss = No of Contract * ( Sell price - purchase price)* No of lot in one contract

profit or loss = 6*(1295.90 - 1300.12)*100

profit or loss = -2532

Answer

Loss   $ 2532

2)

profit or loss = No of Contract * ( Sell price - purchase price)* No of lot in one contract

profit or loss = 6*(1295.90 - 1291.32)*100

profit or loss = 2748

Answer

Profit $ 2748

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