What was your total profit or loss on the settlement

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Reference no: EM131523916

You decided to speculate in the market and sold six platinum futures contracts when the futures price was $1,391.20 per troy ounce. The price on the contract maturity date was $1,395. The contract size is 50 troy ounces. What was your total profit or loss on the settlement day if you had to cover your position in the spot market?

$190 profit

$1,140 profit

$190 loss

$50 profit

$1,140 loss

Reference no: EM131523916

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