2.4 Example of a Futures trade An investor takes a long position in 2 December gold futures contracts on June 5 contract size is 100 oz futures price is US$400 margin requirement is uS$2, 000/contract (US$4,000 in total) maintenance margin is US$1, 500/contract (US$3,000 in total) Options Futures, and other Derivatives, 5th edition C 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 2.4 Example of a Futures Trade • An investor takes a long position in 2 December gold futures contracts on June 5 – contract size is 100 oz. – futures price is US$400 – margin requirement is US$2,000/contract (US$4,000 in total) – maintenance margin is US$1,500/contract (US$3,000 in total)