USD 1.90/gallon. Calculate the current net MtM value (in USD) per contract of the straddle position.
A. -4,200
B. -420
C. 42
D. 420
Answer:B
USD 1.90/gallon. Calculate the current net MtM value (in USD) per contract of the straddle position.
A. -4,200 B. -420 C. 42 D. 420
Explanation: Based on the closing NYMEX ULSD prompt-month futures price of USD 1.90/gal, the current net MtM value of