On Monday morning, you short (sell) one Chicago Merchandise Exchange yen futures contract containing Yen 12,500,000 at a price of $0.008233.
The statement prices for Monday through Thursday ae $0.008342, $0.008381, $0.008175 and $0.008169. On Friday, you close out the contract at a price of $0.008194.
Calculate the daily cash flow on your account. Describe any performance bond calls on your account. What is your cash balance with your broker as of the close of business on Friday?
The broker requires a performance bond of $4,590 and a maintenance bond of $3,400.
Assume you begin with an initial balance of $4,590 and your round trip commission was $27