Can someone explain this solution please? I can’t frankly get it
The futures price went up 10 = (115 - 105 = 10)
The person held 50 futures
50 x 10 = 500
Thanks for the clarification. Must have read the question wrong.
The futures price went up 10 = (115 - 105 = 10)
The person held 50 futures
50 x 10 = 500
Thanks for the clarification. Must have read the question wrong.