The crude oil futures contract on the NYMEX covers 1,000 barrels of crude oil and is quoted in dollars and cents per barrel. The minimum price change is $0.01. The initial margin requirement is $3,375 and the maintenance requirement is $2,500. Suppose you purchased the contract at $27.42 putting up the initial margin. At what price would you receive a margin call?
Paper#27351 | Written in 18-Jul-2015Price : $22