Question

 A trader wants to hedge their portfolio, which has a value of 20,00,000 by using S&P 500 futures contracts. The current price of one S&P 500 futures contract is $2,500, and the trader wants to achieve an 80% hedge. How many S&P 500 futures contracts should the trader buy or sell to achieve this hedge?

A 1000 Contracts
B 640 Contracts
C 800 Contracts
D 500 contracts
E 1200 Contracts
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