You sell two December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units
and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500.
During the next day the futures price rises to $1,012 per unit. What is the balance of your margin account at the
end of the day?
Ο Α. $1,800
O Î’. $4,400
O C. $2,200
A
D. $3,600