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What was your total profit (in dollars) on the following speculative position? ...

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Question

Finance

  1. What was your total profit (in dollars) on the following speculative position?
  • You went long 100 gold contracts, short 100 platinum contracts, and long 100 silver contracts on January 2nd and closed out each position on January 4th.

Trading date

June Gold Futures, 100 troy oz/contract ($/oz)

April Platinum Futures, 50 troy oz/contract ($/oz)

March Silver Futures, 5,000 troy oz/contract (cents/oz)

2-Jan

900.5

1,222.20

2,540.20

3-Jan

910.6

1,323.30

2,424.70

4-Jan

914.2

1,244.80

2,547.80

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