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Margin calculations (using yesterday's=11 May close for June contract = 99.08):
From 109.27 to 99.08 = 10.19 * 1,000 = $10,190
From 102.89 to 99.08 = 3.81 * 1,000= $3,810
Open equity $14,000
Cash $28,480
Sum $42,480
Margin on two o/n $10,000
Available $32,480
Three sales today RTH initial= $3,375 * 3 = $10,125
Margin calculations
June
From 109.27 to 99.98 = 9.29 * 1,000= $9,290
From 102.89 to 99.98 = 3.00 * 1,000= $3,000
From 95.56 to 99.98 =-4.33 * 1,000=-$4,330
July
From 97.90 to 99.46 =-1.56 * 1,000=-$1,560
From 98.02 to 99.46 =-1.44 * 1,000=-$1,440
Open equity $4,960
Cash $28,480
Sum $33,440
Margin o/n $5,000 *5 =-$25,000
Available = $8,440
----------
Today's action:
Closed 1 June short:
CL BOT 1 @ 98.60 @ 10:50 CT
102.89 to 98.60 = 4.29 * 1,000 = $4,290
Sold a new short July
CL SLD 1 July @ 99.53 @ 9:57CT
Open:
June
-1 @ 95.56
July
-1 @ 97.90
-1 @ 98.02
-1 @ 98.89
-1 @ 99.53
7:12CT
I have a feeling we'll get a downmove around 7:30 then up and after FOMC a jerk upwards and then down. I would like to get the average price on the short position higher. I am going to enter an order to close 2 Julys at 97.07 . Current price is 97.07.
Also an order to buy to close for the June at 50cents lower 96.57.
(The was no fil on the o/n sell of 97.47 order so I'll cancel it to see what unfolds today.)