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[answered] Assume on a recent day, the January 2017 S&P Index


Assume on a recent day, the January 2017 S&P Index futures contract (i.e., the S&P contract which expires in January of next year) closed at 2000, down 40 points on the day. The value of the contract is set at 250 ? the index..

How much value did each contract lose? Show your work.

?You bought the contract during the day at 2010, and had to put up initial margin of $25,000. The maintenance margin is $12,500. At what contract price will you get a margin call? Explain.

 


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