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Calculate the profit or loss for each trading day

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Reference no: EM132842655

Question - You are short 15 gasoline futures contracts, established at an initial settle price of $2.63 per gallon, where each contract represents 42,000 gallons. Over the subsequent four trading days, gasoline settles at $2.58, $2.65, $2.68, and $2.71, respectively.

Required -

a. Calculate the profit or loss for each trading day.

b. Compute your total profit or loss at the end of the trading period.

Reference no: EM132842655

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