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Tony Begay at Saguaro Funds. Tony Begay, a currency trader forChicago-based Saguaro Funds, uses the following futures quotes, on the British pound (£) to speculate on the value of the pound.
a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.39771.3977/£, what is the value of herposition?
b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.45611.4561/£, what is the value of herposition?
c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.45611.4561/£, what is the value of herposition?
d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.39771.3977/£, what is the value of herposition?
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