Profit & Loss (Example 4)
You bought 5 mini contracts of Light Sweet Crude Oil for Month May (CL13MAY) at price 100.95 USD a Barrel. You close your order on price 103.10 USD a Barrel.
Your profits will be calculated as follows:
Profit = (Bid Price – Ask Price) X Contract Size X Number of Contracts = (103.10 – 100.95) X 1000 Barrels X 0.5 Lot = 1075.0 USD