Buy from a Statewide Contract
Buy from a Statewide Contract
Jun 16, 2023
mass.gov
Suppose that you buy a stock index futures contract at the opening price of 452.25 on July 1 . The multiplier on the contract is 500 , so the price is 500(452.25)= 226,125. You hold the position open until selling it on July 16 at the opening price of 435.50. The initial margin requirement is 9,000, and the maintenance margin requirement is 6,000. Assume that you deposit the initial margin and do not withdraw the excess on any given day. Construct a table showing the charges and credits to t
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