What is Mr. Yong’s net position?
Mr Yong is an investor who is always wavering in his decisions. On day 1, he went long 3 SIF contracts of June maturity. On day 2, he shorted 2 June SIF contracts. A few days later, he sold a June index call option and simultaneously bought a June index put option. Assuming all contracts were bought/sold at the same exercise/strike prices, what is Mr Yong’s net position now?