On April 1, You Bought One S&P 500 Index Futures

Multiple Choice

On April 1, you bought one S&P 500 Index futures contract at a futures price of 1,550. If, on June 15, the futures price was 1,612, what would be your profit (loss) if you closed your position (without considering transactions costs) ?

A) $1,550 loss
B) $15,550 loss
C) $15,550 profit
D) $1,550 profit