Contrato de Futuros

Comprador
Especulador
Pacta
Gls. P $ 500,000
1-May

1-May 49.0 Pacta

1-May
-2.0
2-May 47.0

3-May 47.5 -$ 1,000,000 2-May

4-May 51.0
3-May
$ 250,000
5-May 45.0

6-May 46.0 4-May

$ 1,750,000

7-May 48.0
5-May
-$ 3,000,000

6-May
$ 500,000

7-May
$ 1,000,000
 Vendedor
Ecopetrol
49 USD
$ 500,000

Pacta Entrega
1-May $ 24,500,000 USD 1-Sep $ 24,500,000

2-May $ 23,500,000 USD 2-Sep $ 1,000,000 $ 23,500,000

3-May $ 23,750,000 USD 3-Sep

-$ 250,000 $ 23,750,000

4-May USD 4-Sep

$ 25,500,000 -$ 1,750,000 $ 25,500,000

5-May USD 5-Sep

$ 22,500,000 $ 3,000,000 $ 22,500,000

6-May USD 6-Sep

$ 23,000,000 -$ 500,000 $ 23,000,000

7-May USD 7-Sep

$ 24,000,000 -$ 1,000,000 $ 24,000,000
 Cuenta de Compensación
Comprador Vendedor
Vendedor Saldo $ 1,225,000 $ 1,225,000
Ecopetrol $ 225,000 -$ 1,000,000 $ 1,000,000
Pacta $ 475,000 $ 250,000 -$ 250,000
$ 500,000 Gls. P 1-May $ 2,225,000 $ 1,750,000 -$ 1,750,000
-$ 775,000 -$ 3,000,000 $ 3,000,000
-$ 275,000 $ 500,000 -$ 500,000
$ 725,000 $ 1,000,000 -$ 1,000,000

24,500,000

23,500,000
$ 24,500,000

23,750,000 $ 23,500,000

25,500,000 $ 23,750,000

22,500,000 $ 25,500,000

23,000,000 $ 22,500,000

24,000,000 $ 23,000,000
ompensación
Vendedor
$ 1,225,000 Saldo $ 2,450,000
$ 1,000,000 $ 2,225,000 $ 2,450,000
-$ 250,000 $ 1,975,000 $ 2,450,000
-$ 1,750,000 $ 225,000 $ 2,450,000
$ 3,000,000 $ 3,225,000 $ 2,450,000
-$ 500,000 $ 2,725,000 $ 2,450,000
-$ 1,000,000 $ 1,725,000 $ 2,450,000