Commodity Speculation with margin
You have lived in NYC your whole life and are independently wealthy.
You think you know everything there is to know about pork bellies(uncurred bacon) because your butler fixes it for you every morning.
Because you have decided to go on a diet, you think the price will drop
over the next few months. On the CME, each PB K is 38,000Today, you decide to short three May Ks @ 44.00 cents per lbs lbs. In.
Feb, the price rises to 48.5 cents and you decide to close your position.What is your gain/loss?