You have been given another $100,000 for the demonstration Portfolio. You are to purchase five (5) Futures contracts at the beginning of the week.
(Note: It is recommended that you use CME.com for Futures Information). Please keep in mind that you do not have the luxury of trading or selling and/or buying securities during your portfolio holding period.
After you determine your initial portfolio you must buy the portfolio using the CBOE Virtual Trade Tool (https://www.cboe.com/tradtool/virtualtrade.aspx).
The commission costs per trade (using CBOE Virtual Trade) are $9.95/trade for stocks and ETFs and $14.95/trade for options.
The securities you choose for your portfolio can be selected from any traded securities that are available on CBOE Virtual Trading.
STEP THREE: The assignment for the fifth week week is to make your first futures purchases using the CBOE Virtual Trade Tool (https://www.cboe.com/tradtool/virtualtrade.aspx).
What did you purchase and how does it relate to the investment policies and strategies statement you developed for Homework #1?
Did you modify the investment policies and strategies? If you changed your investment policies and procedures what exactly did you update?
If you revised your investment strategies did you inform the client?