Question

1. a trader sold short a June Eurodollar futures at 93.63 and closed his position at 94.22, calculate his profit/loss.

2. a trader bought a 10 year T note futures at 121'16 and sold it at 105'24. how much is his profit?

3. a June 10 year T Note Futures contract is quoted as 121'13, what is its contract value? keep your answer to 2 decimal points.  

Answer 1

1.Value of sale or short is 93.63,while buying value or value of closed position is 94.22. so there is loss of 0.59.

Futures profit on short = Short value - Value of closed position

93.63 - 94.22

=-$0.59

So, Loss on futures is 0.59.

2. Trader bought T-note at 121.16 and sale at 105.24.

Profit or loss on futures = Sale value - bought value
=105.24 - 121.16

= -$15.92

So, loss on futures is $15.92.

3. June 10 Year T Note Futures contract is quoted as 121.13. So Value of contract is $121.13.