Undertook instead position as short speculator

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Reference no: EM132048377

SPECULATION. July 2018 Cocoa was trading for at $1582 per metric ton on April 25th. Today it is trading at $1700. The contract size for Cocoa is 10 metric tons and on May 2nd is trading Give both per ton and total values for a and b.

a. If you undertook a position as a short speculator on 4/25 and offset your position on 5/2 for a July 2018 Cocoa futures contract, what is your gain or loss? Show calculations.

b. If you undertook instead position as a short speculator on 4/25 and offset your position on 5/2 for a July 2018 Cococa futures contract, what is your gain or loss? Show calculations.

Reference no: EM132048377

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