A trader enters a short futures contract on an asset when the futures price (F) is $2,300 per unit. Each contract covers 100 units of the underlying asset. The contract is closed out when the futures price (F) is $2,480. Which of the following is true?

Question

Answer

The trader has made a gain of $180

Answer

The trader has made a loss of $180

Answer

The trader has made a gain of $18,000

Answer

The trader has made a loss of $18,000

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A trader enters a short futures contract on an asset when the futures price (F) ...

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