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Jamie Rodriguez, a currency trader for Chicago-based Ventosa Investments, uses the following futures quotes on the British pound (£) to speculate on the value of the pound
Jamie Rodriguez, a currency trader for Chicago-based Ventosa Investments, uses the following futures quotes on the British pound (£) to speculate on the value of the pound.
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British Pound Futures, US$/pound (CME) |
Contract = 62,500 pounds |
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|
|
Open |
|
Maturity |
Open |
High |
Low |
Settle |
Change |
High |
Interest |
|
March |
1.4246 |
1.4268 |
1.4214 |
1.4228 |
0.0032 |
1.4700 |
25,605 |
|
June |
1.4164 |
1.4188 |
1.4146 |
1.4162 |
0.0030 |
1.4550 |
809 |
- If Jaime buys 5 June pound futures, and the spot rate at maturity is $1.3980/£, what is the value of her position?
- If Jamie sells 12 March pound futures, and the spot rate at maturity is $1.4560/£, what is the value of her position?
- If Jamie buys 3 March pound futures, and the spot rate at maturity is $1.4560/£, what is the value of her position?
- If Jamie sells 12 June pound futures, and the spot rate at maturity is $1.3980/£, what is the value of her position?
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