Calculate the weekly values in margin account

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Suppose that you are a speculator who trades three-month Eurodollar futures. On November 5, you sell two December three-month Eurodollar futures contracts at 96.81. The subsequent weekly quotes for the closing December Eurodollar futures price are as follows:

Date 12 November 19 November 26 November 3 December Price 96.92 97.08 96.77 96.63

Prepare a margin account and calculate the weekly values in your margin account. The initial margin is $650 per contract and the maintenance margin is $400. Calculate your realized return for the entire period. Assume that you offset your futures position on December 3 at the price indicated.

Reference no: EM132528597

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