A speculator shorts 1 T-bond futures at 122-16. Contract = $100,000, tick = 1/32 ($31.25). Price falls to 121-16. Profit?
Buying two deferred contracts and selling one nearby is:
A trader buys a call for 6¢. Strike = 90. Futures settle at 97. Intrinsic value?
Which option strategy establishes a maximum selling price for a producer?
Gold contract = 100 oz. Trader longs at $1,910, exits at $1,915. Profit?
| Name | Series 3 License |
| Code | Series 3 License |
| Vendor | Finance, Insurance and Real Est |
| Certification | Financial Industry Regulatory Authority (FINRA) |
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