Chapter 659 Dow Finger Futures

The next day, Populus euphratica returned to the deep sea from Xiangjiang.

This time, he stayed in Xiangjiang for 10 days and did not return home during this period, and Li Guixiang, Hu Zhiguang and Hu Yue had already been here for three days.

"Yang Yang, you really can, Xiangjiang is so close, you don't go home for ten days. I said, "Aren't you out there?"

In the afternoon, my sister Hu Yue took an opportunity and pulled Hu Yang, who had gone home from work early, aside.

It's no wonder she's suspicious, she's heard a lot about what kind of tone rich men like now.

"Sister, where do you want to go? I stayed in Xiangjiang for 10 days this time, and it was related to U.S. stocks. At every turn, you have to get up in the middle of the night to watch the plate, how can you have the energy to run back and forth. ”

Hu Yang smiled casually, he didn't do anything wrong, of course he answered justifiably.

He has been paying attention to the economic situation in North America recently, and the two-house bonds and Lehman Bank in his eyes are all very bad in all aspects, and the possibility of a thunderstorm is increasing.

The subprime mortgage crisis began with the explosion of two-house bonds and swept the world with the collapse of Lehman Bank. The financial markets in North America are naturally burdened by this.

Hu Yang's buy of put warrants on stocks, as well as his purchase of the Dow Jones Industrial Average ETF, are based on this judgment.

Yang Yang, Chunchun is really a good wife and mother, you have to be worthy of others. Well, I won't say more, too much will make people annoyed. ”

Hu Yue was suspicious and stopped the conversation at the right time. Her brother is a very assertive person, no matter what, it is enough to remind her once, she will not be endless.

"Sister, if you come, you will stay for a few more days, how can you hear that your mother said that you will go back to Yangcheng tomorrow?"

Hu Yang would definitely not be angry with his sister, and he changed the topic very cooperatively.

"If you don't go back, you can't do it, Xiaoxi and your brother-in-law are at home. ”

Hu Yue now spends a lot of time cultivating Xiaoxi, she is a rich woman, and the real estate in her hand is increasing rapidly with the heating up of the property market.

She is a billionaire woman in the true sense of the word, and every day when she lies still, a large amount of money falls and smashes her head.

Fortunately, she and Ge Hongbing's attitude to life is not bad, Ge Hongbing is in charge of the "Angel Fund in White", and Hu Yue also participates in some public welfare activities from time to time, and does not let himself live a mixed life and wait for death.

In the evening, the family had a happy meal.

Li Guixiang and Hu Zhiguang have been flying around Xiaoyi since they arrived in the deep sea. As for his son, he had to stand aside, which made Hu Yang feel a little crying and laughing.

After resting for most of the day, from the next day, Populus euphratica started a routine inspection.

He stayed in the magic capital for half a year, and after he came back, he went to Xiangjiang non-stop, and he hadn't gone deep into various companies to do research for a long time.

As the head of the Huijia department, it is very dangerous to only stop at reading reports and signing and approving reports in daily work.

At the first stop, Hu Yang came to Mingkang Communication.

"Mr. Hu, you are a rare guest. Let's go to the conference room, and I'll ask the heads of each department to report to you on the company's production and operation. ”

It was not Gao Mingkang who stood downstairs in the company to greet Populus, but Lu Yali, who stayed in Europe all the year round, which made Populus a little surprised.

Before he came, he just asked Wu Xinhui to make a routine phone call, and the director of the administrative department who answered the phone did not mention this matter at that time.

"Sister Lu, are the two of us rare guests? When will you come back, and you won't call me. ”

Hu Yang smiled and stepped forward to shake Lu Yali's hand, and then followed her to the conference room.

Lu Yali is both a partner and a friend of Populus euphratica. The two met in Xijiang until the establishment of Mingkang Communication, and they experienced a lot of things during this time.

In the past few years, Lu Yali has been away all year round, and the number of times the two have met is very rare.

However, at this time, the two of them didn't care about catching up, and there were not many people standing in the conference room. They are the heads of various departments of the company and are responsible for giving a comprehensive report on the situation of the company to Populus Hu today.

"Everyone, please be seated. Everyone knows Mr. Hu, and those who haven't seen it should have heard of it, so I won't introduce it here. Next, let's start reporting in turn, starting with finance......"

Lu Yali let Hu Yang sit on the main seat and got to the point.

At present, the main business of Mingkang Communication is still concentrated in the field of communication products. In particular, the construction of base stations and 3G networks accounts for the majority of the company's revenue.

Another important business is smartphone and chip design, and the mobile phone business accounts for about 25% of the company's total revenue.

"We have calculated that Mingkang Communication's revenue this year will exceed 100 billion yuan, and its net profit will exceed 10 billion yuan......"

The CFO finished his presentation and sat down.

Hu Yang couldn't help but slap a few times, applauding the company's achievements.

Revenue of hundreds of billions of yuan is an important symbol, which means that Mingkang Communications has truly stepped into the ranks of international giants.

Next, the heads of various departments continued to speak and reported to Hu Yang on various tasks.

In general, the development of Mingkang Communications has entered the fast lane. The revenue reaches the level of 100 billion, and it may not be many years before the company's revenue will exceed 500 billion yuan.

In the field of chip design, the company has completed the independent design of a series of chips such as mobile phone chips, RF chips, and baseband chips, and has been greatly recognized by the market.

At present, all the smart phones of Merit Electronics and Mingkang Communication use the company's chips. Some domestic manufacturers have also adopted Mingkang Communication's chip products, and in the world, Mingkang Communication is not inferior to GT Company's existence.

"I listened to all of you and was very encouraged. The company's development is good, and the investment in technology research and development is sufficient, thank you for your efforts. ”

After everyone finished reporting, Hu Yang recognized everyone's work achievements.

However, the company still has a lot of room for growth in terms of smart phones. To tell the truth, with the company's technical strength, the market share of smart phones should be much larger, but the reality is not satisfactory. I hope that the company will pay attention to this issue and improve it.

Mr. Lu, why don't you do it? Let's go around the departments later......"

Populus euphratica is not faulty, and the sales of Mingkang Communication's smart phones in China have always been tepid.

The response in the European market is good, but it is only on a par with fruit companies, and there has been no new breakthrough in market share for a long time.

"Okay, everyone go down and think more about Mr. Hu's request. We are the strongest in the field of smart phones, but the market share is not the largest, I hope you can find a solution to the problem. Adjournment ......"

Lu Yali announced the adjournment of the meeting, and everyone walked out of the conference room one after another.

"Mr. Hu, go to my office to sit for a while, or go directly to various departments?"

Lu Yali had a smile on her face again, in Mingkang Communication, many people are more afraid of Lu Yali, maybe she is more mysterious and spends less time in the company throughout the year.

"Let's go around first, let's eat together at noon, what do you see?"

Hu Yang hesitated, if you eat together, of course, it is better in the evening, at least you can have a few drinks.

However, his parents are still in the deep sea, and he had dried them for several days in Xiangjiang before, and he didn't go back to eat at night, so it wasn't good to think about it.

Lu Yali glanced at Populus Hu very seriously and smiled:

"Let's not be polite, you can be busy with your business. When I'm free in the next few days, let's have dinner together one night, and I just want to have a good chat with you. ”

Lu Yali has always been a smart woman, and she got a lot of information from Hu Yang's words. Whatever the reason, in short, Populus euphratica seems to have been very busy lately, so the matter of eating can be delayed for a few days, and there is no need to rush into a form at noon.

"Okay, I'll treat you to a drink in a few days. However, you still have to eat lunch, and if I come to you, you won't even be able to leave it at all, right?"

Hu Yang is not taken seriously, with his relationship with Lu Yali, he naturally does not focus on form.

Accompanied by Lu Yali, Populus Hu began the inspection of various departments. At noon, he had a working meal with Lu Yali, and it was not until he got off work in the afternoon that he ended today's trip to Mingkang Communication.

In the following week, Hu Yang inspected the headquarters of Charm Semiconductor, Charm Electronics, Ark Computer, Huijia International Investment (Deep-Sea) Company, as well as the factories of Xintong International, Charm Semiconductor, and Dongfang Technology in the deep sea.

Overall, the situation is quite good in all respects. The entire Huijia system seems to be thriving, and there is no decline under the crackdown on individual companies in North America.

"Boss, the U.S. stock market has shown a slight shock and decline trend during this period. The Dow Jones Industrial Average, after breaking through 14,000 points, is back to around 13,800 again. Yamason's share price peaked below $100 and retreated, closing at $87.77 as of yesterday. ”

On this day, Yu Hongbo came back from Xiangjiang to report to Hu Yang on the situation of U.S. stocks.

According to the information fed back from North America, the current market generally believes that the economic fundamentals of North America have not changed, and the U.S. stock market has only entered the stage of a phased correction.

Hu Yang sold 40 million shares of Yamason this time, and there is not much pressure to cover in the future, unless he missees the trend of the market. But even if you look wrong, it is nothing more than a loss of subsequent profits, and there is no problem of losses.

The biggest loss of the put option bought was only the premium of $230 million, which Hu Yang did not take to heart.

The big deal now is the $3 billion Dow Triple Short ETF (the underlying is the Dow Jones Industrial Average), albeit with triple leverage, but it's not infinitely risky.

Starting from 14,000 points, if the Dow rises by 10%, the ETF bought by Hu Yang will lose 30%. If the Dow rises by about a third, Populus will lose 100% of its $3 billion.

Unlike stock index futures, ETFs are the same as buying fund shares, and they are not guaranteed to be enlarged for trading. In other words, theoretically, the ETF bought is worthless, and the maximum loss is only this $3 billion.

Today's poplar is no longer going to gamble on the high returns of unlimited risks, because there is no need.

At his level, the first thing that comes to mind must be risk control. Under the premise that the risk is controllable, he will give it a go.

"Old Yu, these positions are like this. After you go back today, start to buy the stock index futures of the Dow Jones in the evening and open a short order. Well, buy 100,000 lots first. ”

Dow futures are divided into two months: large Dow futures contracts and small Dow futures contracts.

For large Dow futures contracts, the index price is $10 per point. In the case of the mini-Dow futures contract, the index is $5 per point.

The Dow futures mentioned by Hu Yang and Yu Hongbo refer to the small Dow futures contract. Because the trading volume of the "Avenue Finger" is small, while the "Little Dow Index" is actively traded.

Based on the current Dow Jones 13,800 points, each small Dow futures contract is $69,000, and the margin required is only $500.

This is simply an infinite number of leveraged transactions, and the risks involved in it are extremely high. In the absence of continuous margin calls, there is a risk of liquidation at any time.

After Yu Hongbo returned, he began to transfer $1 billion to his futures account in the evening.

Today, U.S. stocks began to rebound, and the Dow Jones went all the way up, breaking through 14,000 points intraday. According to Hu Yang's order, Yu Hongbo and his team opened a short order at 14,000 points and bought 50,000 December Dow futures contracts.

Excluding fees, the transaction paid a total of $25 million. But what is the total value of these Dow futures contracts? $3.5 billion.

The margin ratio is only about 0.714%, which means that if you look at the wrong trend, for every 100 points of the Dow rise, all the margin in the account will be lost. Either you make a margin call or you lose it, there is no second option.

Therefore, it is not wrong to say that futures are small and broad, either rich and expensive, or dead on the streets.

For the next hour, the Dow traded sideways at a high level, oscillating between 13,980 and 14,079. Yu Hongbo gave the order again, and bought 50,000 Dow futures contracts (short orders) at 14,000 points.

Today's task has been completed, 100,000 lots of Dow futures short contracts have been opened, and a total of $50 million in margin has been paid.

The total value of the corresponding Dow futures contract is $7 billion, and there is $950 million left in the futures account.

This money, of course, is used for margin calls, and will not be moved until the Dow futures contract is closed.

Deep.

Hu Yang and Tian Sichun went to bed early at night, and when they slept until four o'clock at night, Hu Yang suddenly woke up. He looked at his watch, then quietly got up and got out of bed.

"Ah Yang, what time is it? Why don't you get up before dawn?"

Tian Sichun seemed to be awake, and his voice was a little lazy.

"Go to sleep, it's still early. I can't sleep because of something, leave me alone. ”

Hu Yang gently helped Tian Sichun cover the blanket, and then left the bedroom and came to the study.

Subsequently, he dialed Yu Hongbo's phone.

"Boss, so early, are you asleep or awake?"

In Yu Hongbo's tired voice, there was more excitement.

In this way, he established a total of 100,000 Dow futures short contracts today, and every point of fluctuation in the Dow is $500,000, which is exciting to think about.