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Prepare marked-to-market position

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On the June 5th 2020, David L. Kurtz asked his broker to short five lots of December FMG5 at 117.77 in which he is required to pay RM1200 initial margin and maintain RM900 per contract. You are required to:

i) Prepare his marked-to-market position by showing the variation gains and losses of the position held based on the information below:

Date Settlement Price

June 6 117.84
June 7 117.91
June 8 118.20
June 9 117.81
June 10 117.64
June 11 117.35

ii) Show the leverage effect on the first day of trading.

Reference no: EM132651199

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