Chapter 181: Stuffy Stick
"Whew~~~"
In the proprietary department of Tatfook Bank, seeing the Hang Seng Index diving like a waterfall, many people, including Chang Xufa's older traders, felt the heavy pressure.
"The Hang Seng Index spot is 11,178 points, and the September futures index is 11,045 points, with a discount of 133 points." Ji Keying tried her best to make her offer louder.
"It doesn't seem right, the Hang Seng Index spot is so diving, and it doesn't seem to be in place." Chang Xufa said with a worried face.
"The selling pressure of the September futures index contract is particularly heavy, and if the discount to the spot index continues to expand, I am afraid that it will cause panic, and the spot decline will continue to expand." The thick-lipped woman Luo Hong, looked extremely nervous.
"The September futures index contract operation is ready."
Seeing that the time had reached half past eleven o'clock at noon, and an hour and a half had passed since the opening, Zheng Fan reminded Chang Lao and Luo Hong.
Although Chang Xufa can be regarded as an experienced trader, but in the past, Dafu Bank also bought some stocks, but the income was not optimistic, even if it was a small village, in the Stock Exchange to operate some small market value of listed companies, but also trembling, for fear of being found and pursued by other investment institutions, resulting in the failure of the bank.
Now that Dafu Bank is already in turmoil, if Zheng Fan buys some stocks, it would be fine, Chang Xufa is most afraid of him touching financial derivatives.
If Zheng Fan makes a wrong step, let alone the self-operated department, Dafu Bank may be wiped out in an instant.
Hearing Zheng Fan's operational preparations, Chang Xufa's throat even subconsciously appeared a swallowing action.
"It's only morning, and the stock index has fallen so much, do you want to take another look? If the decline continues to expand in the afternoon, it will be very dangerous to operate stock index futures. Luo Hong couldn't help but confirm to Zheng Fan.
"Once you enter the market, is there a time when the market stops? Even if you enter the market this afternoon, you will be worried about tomorrow's trend, take it easy, you just need to place an order according to my instructions. Zheng Fan smiled deeply and comforted everyone.
"Boss~~~ The discount between the futures index contract and the spot in September has exceeded 150 points, and it is now reported at 10,995 points, and the spot of the Hang Seng Index is 11,150 points." Ji Keying's voice of the offer was even trembling.
"The September futures contract uses 16 times leverage to open a long position of 5,000 contracts at 10,995 points." Zheng Fan wiped his eyelids and said without hesitation.
"Do you have a long position of 5,000 sheets? Boss, once this entrustment is concluded, it accounts for one-third of the total funds of our self-operated department, and it is still 16 times leverage......" Before the old man finished speaking, he was interrupted by the sharpness of Zheng Fan's eyes.
"Follow my instructions, and if you don't have a good hand, get out of the camp now." Zheng Fan's crazy roar did not allow for a little negotiation.
"The September futures contract is 10,995 points and 16 times leverage, with a long position of 5,000 contracts." Chang Xufa's old face turned red, and he almost gritted his teeth to make a big order.
"Boom~~~"
In the face of the suppression of large orders in the September futures index, the 5,000 buy electronic disks from the proprietary department of Tatfook Bank suddenly seemed to have stopped the September futures index contract.
"Continue to open a buy position of 4,000 contracts at 10,995 points of the September futures index contract." Zheng Fan didn't give Chang Lao and the market a chance to breathe at all, and issued operational instructions again.
"Takashi ~~~"
To Luo Hong's surprise, she had just hit the 4,000 buy positions in the September futures index, and the market was quickly traded.
"Boss, it's a depth charge, just in the process of our second 4,000 buy positions, the September futures index actually probed a low point in an instant, to 10985 points!" Almost without reacting, Dafu Bank's 9,000 futures index buying positions have all been sold.
"This final spike is more to test the buyer's reaction and strength, and open a long position of 5,000 futures at 10,995 points." As soon as Zheng Fan's order was issued, Luo Hong's pending order had already been exploded.
"Put the September futures contract from 10,995 points, buy 1,000 positions, and let the futures index contract see the 11,000 integer mark." Zheng Fan combined the trend of the Hang Seng Index spot and said with a fierce smile.
"The September futures contract opened a 1,000-contract buy position at 11,000 points." Luo Hong's speed of placing orders is obviously faster than Chang Lao, but the sound of the flowing keyboard is very heavy.
"Whew~~~"
But even so, after a short and fierce exchange of hands at 10,995 points in September, Luo Hong's 1,000 contracts were still not fully traded.
Seeing the rapid rebound of the futures index in September, only 500 of the 1,000 buy positions he put out were traded, and the remaining 500 were thrown under the commission, Luo Hong's face couldn't help but show a touch of surprise.
"The Hang Seng Index spot began to rebound from 11,147 points, but I don't know how strong it is." Ji Keying said loudly.
"The September futures index also began to rebound, from 10,995 points where we opened 14,500 long positions, and rose rapidly, and now it is 11,015 points, and it is still ......rising."
"Although it's not a big amount of money, it's still a lot stronger than before, at least in a very short time, it can still achieve a little explosive effect." Zheng Fan said to Qin Yan with a smile.
"It should still be the time to enter, and the choice is more appropriate."
Although Qin Yan doesn't know much about stock index futures, she can also see that Zheng Fan took advantage of the expansion of the discount of the futures index and the diving in the spot of the Hang Seng Index to grasp a relatively low point.
"Because of the previous diving, the speed at which this wave rebounded was not only fast, but also quite powerful." Finding that the Hang Seng Index spot and the September futures contract rebounded together, Chang Xufa breathed a sigh of relief.
"The volume of 14,500 futures contracts is really not small, and the margin alone has played more than 500 million Hong Kong dollars, and in terms of transaction value, it has even leveraged more than 7 billion Hong Kong dollars of contracts!" Chang Xufa has never experienced such a big capital explosion.
"The main force of the short side of the September futures contract seems to have hit the iron plate when the offensive is fierce, and there is no reaction after just three large orders of fierce confrontation!" After Wang Lin observed the plate silently, he couldn't help but glance at Zheng Fan.
At the beginning of Zheng Fan's operation of plywood futures in China, Wang Lin had already learned some of his operational characteristics in the main camp of the empty side of the sheep farm.
"At key points, he quickly cut in with a positive and decisive attitude, and withstood the fierce attacks of opponents with subtle changes inside and outside the market, this is his style of operation!" Seeing the crazy rebound of the Hang Seng Index contract in September, Wang Lin couldn't help but sigh secretly.
Just when the self-operated department of Tatfook Bank was in a state of horror and complexity, after the successful opening of a long position of 14,500 September futures contracts, it has already caused a shock in the Hang Seng Index spot and futures markets.
On the 23rd floor of the Tiannian Building in Central, the trading center of Ho's Securities, there was obvious chaos in its operation because of the slap on the futures index.
"Manager Wang, no, the Hang Seng Index spot and the September futures index have come up, and it is too late to suppress it." A female trader saw the index rise rapidly, and said to the man who was a little distracted in a panic.
The changes in the market are too fast to allow the trading department of Ho's Securities to react.
"If it goes up again, our efforts to suppress it all morning will be in vain." Seeing that the man did not react, the female trader quickly shook him.
"The chairman is in a meeting......"
The man who came back to his senses was still a little undecided.
"Isn't Xiao He always there? The chairman let him stare before the meeting. The female trader looked anxious, obviously unable to take responsibility.
"Keep an eye on the changes in the market, I'll go to him now."
The man in his shirt with sweat on his forehead quickly turned around and ran towards an office near the trading center.
"Wow~~~"
The man's heart was beating violently, and he ran to the door of the office, and he didn't bother to knock on the door, so he pressed down the lock and rushed in.
Because of the man's sudden intrusion, the couple of men and women who were getting tired on the leather sofa were startled.
The disheveled young female model hurriedly got off the middle-aged man and stepped aside in panic.
"Mr. He......"
The man who broke through the two good things in the office couldn't help but be a little dumbfounded, not knowing what to say.
"Damn, who taught you to come in without knocking, what are you doing in a panic?" The middle-aged man was excited, and in the face of such an embarrassing situation, he was quite annoyed and angry.
"The Hang Seng Index spot and September futures contracts have changed abruptly, and our suppression has been extremely strong. The man in the shirt looked at the sofa where the middle-aged man was, and then at the computer on the boss's desk.
Even if the market changes too quickly, the manager surnamed Wang never thought that at such a critical moment, the middle-aged man did not look at the market, but communicated with the girl model in the office.
Hearing the statement of the man surnamed Wang, the middle-aged man didn't care about tidying up his clothes, and was just about to walk to the boss's desk, when he saw the girl model on the side, he couldn't help but choose to leave the office quickly.
"11,075 points!"
Just after finding out the middle-aged man, seeing that the September futures index was still rising, the manager surnamed Wang already had a feeling of being out of breath.
"The September futures contract rebounded by nearly 100 points." The middle-aged man sitting in front of a computer did not look panicked, but gradually calmed down.
"Not only the September contract, but even the October contract began to follow the rebound, and the Hang Seng Index spot has a lot more active buying." The female trader took a deep breath and nervously said to the middle-aged man.
"The September futures contract, at 10995 points, there is a resistance to buying positions?" The middle-aged man who quickly checked the plate was like a different person when he was in the office.
"It's very ferocious, just when we were about to stop the phased suppression, a stream of funds suddenly rushed out and bit it, sweeping away the low-level selling positions of the September futures index contract, and the feeling on the disk was as if the short-selling funds were going to be eaten alive." The man surnamed Wang, when he thought of the three thunderous futures orders, he still couldn't help but feel cold at this time.
(The first one, more later.) )