If you purchased one S&P 500 Index futures contract at a price of 3,550 and closed your position when the index futures was 3,547, you incurred
A) a loss of $1,500.
B) a gain of $1,500.
C) a loss of $750.
D) a gain of $750.
E) None of the options are correct.

Question

Quizplus · Accepted Answer

The loss is calculated as the difference in the index value (3,550 - 3,547 = 3 points) multiplied by the contract multiplier (usually $250 for S&P 500 futures), resulting in a loss of $750.

If You Purchased One S&P 500 Index Futures Contract at a Price