An investor sells a futures contract an asset when the futures price is $1,500. Each contract is on 100 units of the asset. The contract is closed out when the futures price is $1,540. Which of the following is true
A.
The investor has made a gain of $4,000
B.
The investor has made a loss of $4,000
C.
The investor has made a gain of $2,000
D.
The investor has made a loss of $2,000