The time value is asymmetric in value as you move away from the strike price (i.e., the time value at two cents above the strike price is not necessarily the same as the time value two cents below the strike price)

In the U.S., financial intermediaries are restricted in what they are allowed to do and what assets they can hold

Indicate whether the statement is true or false

You purchased one July futures contract of pork bellies at $.59 per lb. One contract represents 40,000 lbs. of pork bellies. By the end of the day, the price had fallen to $.57 per lb. How much did the value of your contract change during the day?

A) It rose by $800. B) It fell by $356. C) It fell by $800. D) There is no change in value until the contract expires.