Suppose that a year has already passed. The final price of the car is 11.119. You are obliged to sell each of those 100 cars to 10.518 euros, while those same cars cost 11.119 euros in the market. That is, you are required to sell automobiles 601 euros cheaper than the actual price of each car. Every euro that the final price of the car you, is above the contract’s future (10.518) as the seller of the contract for the future, it will have a loss of one euro.
When not will we neither losses nor gains? As in the case of a contract of future purchased, if the final price of the car is of 10.518 euros will not be neither losses nor gains, since you are obliged to sell the car at the same price that is on the market. Graphically, the result is shown in chart 2.3. Once we have bought or sold a contract for the future, for example to a year, you have to wait until the contract finishes to materialize our loss or gain, or you can undo the position before it reaches the expiration date, that is, until you pass a year?. Suppose that you have bought a contract of future on car at a price of 10.518 euros, i.e., you have the obligation of, after a year, buying a car to 10.518 euros. Suppose also that six months have already elapsed and the price of the car on the market is 10.818 euros and with quite a few possibilities for follow up. A good day, you know a second customer also interested in buying those 100 cars. Before the climb which has seen the price of automobiles, you arrive at an agreement with this second client, by which you agree to sell those 100 cars at a price of 11.119 euros within six months (time remaining to complete the year).