Chapter 1042: Radically Different Risks
"If I'm willing, will I drink it or not? Do I want them to eat meat?" Li Yan asked Wu Zhilin with a wry smile.
"You know what I mean! Is it interesting to detain details with me word by word?" Wu Zhilin rolled his eyes and muttered to Li Yan.
"It's really not interesting. Li Yan shook his head slightly, glanced at the door twice, and continued: "The outside is here to grab meat to eat." I believe that this meat family will definitely be able to get it, but it's just a matter of how much and how little, if you don't want much...... It's also good to leave a favor. ”
Wu Zhilin glanced at Li Yan lightly and asked, "What if, people are here to serve the pot?"
The hot pot was steaming, and a few chrysanthemums and blood tofu were slowly tumbling in the pot.
Neither side spoke, and the atmosphere was slightly awkward.
"There's one thing, it's been very popular in the capital market recently...... Li Xiaoteng picked up a piece of blood tofu very casually and muttered to Li Yan.
"Huh, what's the matter...... Recently, I haven't been thinking about gossip. Li Yan also told the truth.
Who can compare to Li Xiaoteng, who ran away early in the fall? He has nothing to do all day long, and he is leisurely not asking the bigwigs to drink tea, or doing all kinds of activities. Even when the market opens, people don't pay attention to the rise and fall of individual stocks, but to take a few glances at the market to see if it is within their expectations.
Most of the rest of the time is to pay attention to all kinds of gossip news in the capital market.
On the contrary, Li Yan ......
Li Yan felt that he was as tired as a silly boy, all kinds of things were entangled in his body every day, and he was really nervous.
"James, the futures god on the side of the US imperialists, has blown up his position. Li Xiaoteng put the blood tofu in his mouth and muttered.
Li Yan raised his eyebrows, he knew this James! If there is nothing strange about futures liquidation, then this James is a god who has entered the futures market since he was a teenager.
After Li Xiaoteng picked up a piece of chrysanthemum and sent it to Tong Lanjun's sauce bowl with his backhand, he smiled slightly before turning around and saying to Li Yan: "When I heard that he was liquidated, I had an indescribable feeling in my heart, he was just a market trader at the beginning, and what he did was to match transactions. But in his work, he discovered a trading strategy for selling options, and later found that his strategy was very profitable, so he relied on this simple and single trading strategy to set up a trading group of his own and started the trading road. Many years ago, he was second only to Warren Buffett and Peter Lynch and Soros in my heart. ”
Li Yan nodded to show his understanding, he had heard about this James matter, and he seemed to have heard that James had hardly made any major mistakes in the past twenty years of trading.
Wu Zhilin suddenly thought of something at this time, and suddenly raised his head and said to Li Xiaoteng: "Brother Xiao Teng, I got a copy of James's "Complete Guide to Selling Options" ten years ago, and it also has his autograph on it. And it is published by our Huaxia, and the book is dedicated to teaching people how to make futures. It was really too popular on the day. I just didn't expect it...... Why did he blow up?!"
"It turns out that you have also read his books......" Li Xiaoteng sighed, then pursed his lips and said: "I didn't expect that the writer of such a professional trading textbook recently caused his own 100% demise because of that one percent carelessness, and people can't help but sigh when they think about it." ”
Wu Zhilin asked with some curiosity: "I didn't pay attention to this either, how did he blow up his position?!"
Li Yan was beside him while putting mutton slices into the pot, and he secretly rolled his eyes in his heart, he could obviously feel that Wu Zhilin was deliberately interrupting, why Li Yan knew it even more in his heart: Wu Zhilin just wanted to consume Li Xiaoteng.
James' options trading company informed all investors by email, saying that the accounts managed by the company had suffered devastating losses. After saying this, Li Xiaoteng muttered lightly: "And they also posted a video on the Internet, the main content is to thank investors for their help in the past few years and explain the reasons for the loss." And I also watched that video, and I vaguely felt that James was on the verge of collapse, and the blow to him this time should be extremely huge. After Li Xiaoteng said this, he quickly picked up the mutton slices under Li Yan with chopsticks, and glanced at Li Yan.
Li Xiaoteng's eyes were not provocative, let alone contemptuous. But there is a hint of caution in it.
"What was the reason for James's liquidation?!" Wu Zhilin asked like a curious baby on the side.
Li Xiaoteng didn't speak, and the grandson next to him said when he saw this: "
The reason for this liquidation has something to do with our Huaxia, but the main reason is that James and his son are naked short US imperialist natural gas call options, and there is no hedging protection. And the day before they announced the liquidation, the US imperialists' natural gas soared by 22 percent!"
Li Xiaoteng deliberately asked Li Yan at this time, "Do you know what mistakes James made?"
Although these words were asked at Li Yan, Li Xiaoteng did not pause but continued, "Actually, the operation that made James lose was the operation strategy that made him rich, but the direction was reversed!"
Why didn't Li Yan hear it, the words of this little brother in front of him had the meaning of beating? Li Xiaoteng seemed to say directly: I brought you back then, today you should understand what you want to do, James did the opposite, isn't it still liquidated?
Li Yan seems to be immersed in James's liquidation. Generally eating hot pot while sighing: "I know options trading, two options, four directions." But James didn't understand that the risks of buying options and selling them were very different!"
To buy a call option is to buy a right to buy the security at a certain price in the future, but the investor has to pay a premium first, but the premium accounts for a small proportion of the future purchase cost.
This is like a stock with a current price of 100 yuan, and an investor surnamed leek buys a call option with a price of 110 yuan, and the premium is 5 yuan. When the price rises to $120, investors can exercise the option to buy the stock at $110 and sell it at $120. But if the stock falls to 90, the investor can not exercise the option, and the loss is only five dollars.
When Li Xiaoteng found out that he was hinting at Li Yan, he actually pretended to be stupid, and the expression on his face changed slightly.