Chen Qiaoshan stared at China Aviation Oil at first, not realizing that there were additional opportunities for speculation, but now it is not too late to know.

If you are bearish and want to hedge the risk, the correct operation should be to buy the put right, the loss is limited, but the value can be maintained, at most the loss of the premium, but the practice of China Aviation Oil is to sell the call right, although it is bearish, but the latter has limited profits, the loss is not limited, when the oil price continues to rise, there is obviously no possibility of unwinding.

In overseas securities markets, shorting is a normal market behavior, especially in the United States, where non-malicious shorting is seen as a regulatory measure outside the SFC and has the same effect as a class action lawsuit.

The situation in Singapore is somewhat special, although it does not exclude shorting, but the stock market is small, only adopts a decentralized credit model, and so far, there is no stock option, warrant, CBBC trading.

Due to the lack of a special institution in Singapore to control the scale of securities lending, Chen Qiaoshan wants to do air aviation fuel, and he can obtain a large amount of chips from brokerages by borrowing, which avoids the trouble of supervision, as long as there is sufficient margin, he can definitely make a big profit.

Chen Qiaoshan was sure in his heart, but Eliot complained bitterly, making aviation fuel? This is simply a fantasy.

"Chen, do you know any inside information?" After thinking of countless possibilities, Elliot finally made up a reason in his mind, and if he thought about it, there was really such a possibility.

When James was the introducer, he was very secretive about Chen Qiaoshan's background, in fact, the real reason is that James is not clear, but according to the practice of the industry, young people who can enter big investment banks by relying on their connections are generally either rich or expensive, and Chen Qiaoshan obviously meets this standard very much.

Especially the two trips to Yanjing, Eliot was even more convinced that Chen Qiaoshan must be a child of a red family, and he is also worth hundreds of millions, he doesn't even have a car when he goes out, his life is so low-key, but making investments is almost like a big gamble, no matter how he looks at it, he doesn't have anything to do with ordinary people.

Chen Qiaoshan is a hat for nothing, and to this day, even he himself doesn't know why he got an internship at Goldman Sachs, although he has guessed in his heart, but he has never been able to confirm it.

As for living a low-key life, it's a matter of habit.

Chen Qiaoshan is also a poor man, except for buying a car and a house, he really can't think of a place to spend money, and so far, he has a lot of assets in his name, but the funds in his hand are limited, and he has to make plans to buy a courtyard house, not to mention other large expenditures.

Of course, this is also intentional on his part.

Chen Qiaoshan has lived two lives, and he knows very well what kind of life he wants.

Now, he is also a cultural person, so he has to be restrained, and if he is classified as a nouveau riche, he will really live himself as a joke.

As for the inside information, Chen Qiaoshan must know it.

Except for the senior management of China Aviation Oil, Chen Qiaoshan is probably the only person who knows the truth, but these cannot be put on the surface, and he is also a little curious about Elliot's question, "Why do you ask like that?"

"I can't think of any reason to do jet fuel other than inside information. Elliot told the truth, as Chen Qiaoshan's financial adviser, he had an obligation to warn of risks.

In the Singapore stock market, the market value of China Aviation Oil ranks fourth, monopolizing the import channels and product supply of domestic aviation fuel, and is the largest supplier of aviation fuel in Asia.

Chen Qiaoshan was a little helpless, he didn't know how to explain, after thinking for a long time, he said: "There is no insider trading, this belongs to investment shorting, I personally think that the stock price of China Aviation Oil is high, and there is too much bubble in it." ”

As a senior financial advisor of UBS, Elliott naturally does not believe the reason given by Chen Qiaoshan, if there is a bubble, the stock price will fall, then the global financial sector should not exist at all, and whether it is speculative short or investment short, there is no difference in nature, but the latter is passive and the risk is higher.

After much hesitation, Elliot confirmed: "Chen, are you sure you want to borrow the shares of China Aviation Oil?"

Chen Qiaoshan nodded, and said: "I'm not joking, you contact the brokerage as soon as possible to confirm the margin amount and interest rate of each company, and we will contact you by phone for the specific situation." ”

"You have to think clearly, China Aviation Oil is a heavyweight stock, and it is a high-growth enterprise, the major investment banks should be happy to lend stocks, but the risk in the middle is also very great, short is a highly leveraged transaction, if your prediction is wrong, it is very likely to be forced to liquidate, this is not only to keep an eye on China Aviation Oil, you also have to guard against investment banks, if you invest too much, they may also become your opponents......"

Elliot knew Chen Qiaoshan's unambiguous character, and seeing that the other party had made up his mind, he could only prompt the risk as much as possible.

For these situations, Chen Qiaoshan is not very worried, as long as the leverage ratio is controlled, it is not easy to let him liquidate.

After discussing properly, Chen Qiaoshan returned to the company.

As soon as she sat down in the office, Tuo Xiaoxue walked in and said, "Mr. Chen, the office area of Tsingshan Capital has begun to be renovated, Mr. Liu asked me to tell you, if the time is convenient, you had better go and see it in person, if there is something you are not satisfied with, it is too late to change it." ”

"Let's talk about it in a few days, you can do something for me first. ”

Tsingshan Capital's office area is upstairs, and Liu Chang has always been in charge of everything, since she went to Jinhua, the matter has been handed over to Tuo Xiaoxue.

"Collect a copy of the information of the Singapore branch of China Aviation Oil and make a briefing for me. After speaking, Chen Qiaoshan reminded again: "As soon as possible." ”

Tuo Xiaoxue is a little helpless, she is a microelectronics major, now it's good, Chen Qiaoshan really treats her as a financial person, let alone making a briefing, she hasn't even heard the name of China Aviation Oil, where can I find information?

Seeing that she didn't reply, Chen Qiaoshan glanced up at Tuo Xiaoxue and asked, "What's the matter, there's a problem?"

Tuo Xiaoxue said with some embarrassment: "I haven't done a briefing, and I don't know much about China Aviation Oil. ”

Chen Qiaoshan also lost his temper, this is not good for newcomers, everything has to be learned from scratch.

However, he is not ready to change assistants, he can be admitted to Peking University, Tuo Xiaoxue's IQ must be above the level line, and he is from Dengzhou, he knows the roots, and he must be much better than finding an old fritter.

"Now is the Internet era, how to write a briefing will not need me to teach you, as for the information, go to the library to search, China Aviation Oil is a Chinese concept stock listed in Singapore, and its influence in the entire Asian market is not small. ”

Holding other people's jobs, the salary is not low, Tuo Xiaoxue can only agree, she was about to leave, but was stopped by Chen Qiaoshan again, "By the way, on the National Day soon, you go and book a few tickets back to Dengzhou, and you want the night of the 30th." ”

Tuo Xiaoxue asked, "How many are you ordered?"

Chen Qiaoshan thought for a while and said, "Eight sheets, if you want to sleep softly, it is best to have two separate boxes." ”

The National Day is coming, Chen Qiaoshan has to start preparing, every day or two, the family will always call to inquire about the situation, even the grandmother is alarmed, he has to pay attention.

Tuo Xiaoxue secretly sighed, just to go home, she set up two soft sleeper boxes, which is really luxurious, but thinking about Chen Qiaoshan's net worth, she has nothing to say, it seems that what is engaged in finance is different, she can't help but think, maybe it's time to consider Chen Qiaoshan's suggestion.