Chapter 532: Shorting

In front of a bowl of stew, Eliot couldn't get off the chopsticks.

Cutting and boiling depends on the knife work, if you don't cut it, you can still tell what is cooking, the cut intestines and lungs are similar to aliens, where can he eat.

Chen Qiaoshan didn't have this scruples, he drank some porridge with pickles in the morning to nourish his stomach, he was hungry at this time, a few chopsticks went down, and a large bowl of messy dishes went down to the small half, which stunned a foreigner.

"You're welcome, I'll call you again if it's not enough. Chen Qiaoshan pouted Elliot to move his chopsticks, but this guy was worried.

After all, he still couldn't resist persuasion, and Eliot tasted two sips with trepidation, the taste was a little strange, but it was not what he imagined, and his frowning brow finally relaxed.

After eating, he said, "Chen, this is definitely the most special lunch I have ever had in my life." ”

Chen Qiaoshan said with a smile: "Where is this, don't worry, if it's okay at night, I'll take you for a good walk, try fried liver, belly or something, and bean juice tomorrow morning, taste all these things, you won't come in vain." ”

has suffered too much, how dare Elliot agree casually, fortunately, it is not difficult to divert the topic, the purpose of his visit this time is very clear, that is, to persuade Chen Qiaoshan to make a decision as soon as possible.

In just a few months, oil prices soared by 67%, which no one expected, and it was clear that Chen Qiaoshan had won the bet, although he entered the market very late, he just seized the opportunity.

In the futures industry, there are many people who dare to gamble against the market, but under the soaring oil prices, they dare to hold it for a long time, which is a test of the grasp of the market trend.

In the middle, oil prices fluctuate frequently, for Chen Qiaoshan, the rise and fall of one cent is related to the income of tens of thousands of dollars, and if you are someone else, you may have already cashed out and left the market, and it is already incredible to be able to hold on to this stage, even if you are a top trader, you can't be so calm.

Elliott helped Chen Qiaoshan calculate that based on this Friday's market, his floating profit exceeded 13 million US dollars, more than 100 million Hong Kong dollars.

Once exercised, the option deal would be enough to catapult Chan to the Hong Kong financial community. The risk still exists, and as oil prices continue to rise, it will get higher and higher.

As soon as Elliot explained his intentions, he was interrupted by Chen Qiaoshan, "Needless to say, I feel that the price of crude oil will be adjusted in the near future, you prepare, I will give you news after the National Day is over at the latest." ”

Elliot asked, "October 1st?"

Chen Qiaoshan scratched his head, National Day is also a legal holiday in Hong Kong, but it is only one day.

Nowadays in Hong Kong, the five-day work week has not been implemented, Saturday is not a statutory holiday, although the school holiday stock market is closed, but for the vast majority of Hong Kong people, they also have to go to work, and Hong Kong's holidays have never been postponed.

Zhang Yiyi is going to Dengzhou, and Chen Qiaoshan has to accompany him no matter what, but the crude oil futures market is not affected by the holiday, and there is no need to think about it, this holiday is destined to be unsafe.

"Elliot, there are seven days off on the National Day in the mainland, and I will definitely rush to Hong Kong before the end of the holiday, and before that, you have to inform Sumitomo Mitsui in advance. ”

Elliott calculated slightly, as short as ten days or as long as half a month, but also waited, after all, it was a customer agency agreement, not a master agreement, Chen Qiaoshan insisted on it, and he couldn't help it, but according to the past trend, unless there is a major accident that leads to a sharp drop in demand, oil prices will definitely not fall below Chen Qiaoshan's stop loss point within half a month.

"Well, I'll get in touch with Sumitomo Mitsui as soon as possible. Elliot saw Chen Qiaoshan's indifferent look, and he also felt a little emotional, the Japanese lost a lot this time.

"Chen, the yield on your deal is amazing, we don't know the specific contract between Mitsui Bank and China Aviation Oil, but the bank must have lost it. ”

"How can it be compensated?" Chen Qiaoshan did not trust the Japanese at all, especially the Japanese bankers.

Selling the call option is to pass on the risk, maybe there is still a desire to make a profit, no need to think about it, the exercise price set by Sumitomo Mitsui is definitely higher than the contract of China Aviation Oil, even if the delivery is completed, there is still a price difference in the middle.

Chen Qiaoshan is also a little proud in his heart, Mitsui Bank may have to let go of blood this time.

Even if they have a large amount of purchase rights to sell China Aviation Fuel, it is really unknown whether a listed company with a crisis is about to break out can perform its contract and how much debt repayment ability it has.

Elliot didn't think about it so much, there was no need to look ahead and backward when he did options trading, but when he thought of the speculators behind this option, he was also a little embarrassed in his heart, and said casually: "I don't know how much loss China Aviation Oil has, but when the third quarter financial report comes out, there should be an approximation." ”

Chen Qiaoshan smiled, the price of oil has risen to the sky, and there is no possibility for China Aviation Oil to turn over, thinking of the president of Peking University who was ridiculed for "going online with his real name and changing his name to become an official", he still has some sympathy, and in one year, he lost 550 million US dollars in shorting.

Today, China Aviation Oil is a well-known enterprise in Asia, and it is the fourth barrel of oil after PetroChina, Sinopec and CNOOC.

In the past six years, the company's assets have increased by more than 800 times, the return on investment of shareholders has increased by 5,000 times, and it has become the fourth largest listed company in Lijiapo.

It is a pity that this company, which was awarded the "most transparent" enterprise listed in Lijiapo, and was selected by the American ATS as the most unique, fastest-growing and most efficient oil company in the Asia-Pacific region, will be on the verge of bankruptcy in a blink of an eye.

However, except for Chen Qiaoshan, no matter how bold people are, they will not speculate in this regard.

Chen Qiaoshan asked: "Why do you care about the financial report of China Aviation Oil, do you buy their company's shares?"

"No, I'm thinking that if selling call options is not to hedge risks, then China Aviation Oil must have suffered serious losses, and it is possible to go short while the quarterly report has not yet come out. At the end, Elliot himself laughed, which was obviously impossible.

Generally speaking, the quarterly report will be announced in the next month at the end of the quarter, even if China Aviation Oil is really loss, it may not be disclosed in the financial report, you know, fraud is not a patent of A shares, both Chinese and foreign, but some people are blatant, some people are cautious.

Chen Qiaoshan didn't care about it originally, but when he thought of shorting, he couldn't help but feel a spirit.

China Aviation Oil suffered huge losses, and was once on the verge of bankruptcy, and it is reasonable that the stock price plummeted, although the debt restructuring was finally completed, but the stock price is certainly not much better than LeTV.

Chen Qiaoshan is entangled, this is obviously an opportunity, even more secure than shorting crude oil, but the difficulty is also not small.

As the fourth most weighted stock and the most growing company, the stock market of China Aviation Oil is bound to be highly sought after, and if you want to go short, you may not pay less.

However, the opportunity is close at hand, such a good opportunity, Chen Qiaoshan is not willing to let it go easily.

"Elliot, it's hard to buy the stock of China Aviation Oil, right?"

"That's natural, most of the equity in circulation is in the hands of investment banks, which created nearly 100 times the income at the beginning of the listing, and still holds part of the rights and interests of Pudong Airport and Hong Kong Airport, think about it, who wants to let go?"

"Then what if I borrow it?" Chen Qiaoshan asked quietly.

"Borrowing stocks?" Elliot was a little puzzled, but quickly reacted, what can he do by borrowing stocks, it is nothing more than shorting, thinking of this, he glanced at Chen Qiaoshan strangely, in Singapore, China Aviation Oil is equivalent to a big blue chip, and it is the only Chinese concept stock included in the Dow Jones Singapore Index, and even COSCO Shipping cannot be compared.

Trying to short a company that has a monopoly on China's jet fuel imports looks like a joke no matter how you look at it.

Elliott is also a little unsure, the grasp of the international crude oil market, he is definitely not as good as Chen Qiaoshan, although the other party is very young, but the financial market is not a place according to seniority, there is the ability to eat all directions, no ability can only starve to death, he couldn't help asking: "What are you borrowing stocks for, do you really want to do air jet fuel?"

Chen Qiaoshan smiled, he knew that it was almost impossible to short the big blue chips on his own, and he would not be able to convince Elliot to believe unless the crisis broke out.

Then again, Chen Qiaoshan didn't need to convince the other party at all, for him, Elliot was a financial broker, as a private financial adviser, as long as Chen Qiaoshan needed it, he could use the other party as a stockbroker.

In the face of Elliot's inquiry, Chen Qiaoshan neither admitted nor denied it, and he said: "Elliot, it's just the two of us here, you tell me the truth, is there a way to borrow the shares of China Aviation Oil?"

There is no doubt that Chen Qiaoshan has saved the idea of shorting, Elliot is scorched by thunder, and the young man really dares to think that he finally made a fortune from the futures market, and before the money arrived, he had to fly up, and if this trend continues, I am afraid that the money earned will have to be lost.

"Are you sure you're not kidding?" Elliot wanted to make sure again, but he couldn't believe it without getting a definite answer.

Chen Qiaoshan said perfunctorily: "Just ask, there is no short-selling mechanism in the domestic stock market, I just want to understand." ”

Regardless of whether it is true or not, Elliot must have believed it, he sighed, and then said: "It is not difficult to borrow stocks, especially high-growth heavyweights like China Aviation Oil, investors are generally long-term holdings, and brokerages are very willing to lend, not only to earn handling fees, but also to charge interest and dividends, which is basically a business that makes steady profits without losing money." ”

Chen Qiaoshan thought about it carefully, and then said: "Elliot, you go back to Hong Kong today and help me collect the relevant information of China Aviation Oil, especially several major investment banks, and consult their quotations." ”

Elliot stood together in shock, and no matter how slow he was, he understood that Chen Qiaoshan was not joking, he really had the intention of shorting.