You Sell One December Futures Contracts When the Futures Price

Multiple Choice

You sell one December futures contracts when the futures price is $1,010 per unit.Each contract is on 100 units and the initial margin per contract that you provide is $2,000.The maintenance margin per contract is $1,500.During the next day the futures price rises to $1,012 per unit.What is the balance of your margin account at the end of the day?

A) $1,800
B) $3,300
C) $2,200
D) $3,700