Chapter 65 Buying the S&P 500
Lin Sen and the others were chatting, and Lin Sen didn't know the specific rules for opening the market, so he asked casually. Pen, fun, pavilion www. biquge。 info
"You say, if there is a big terrorist attack, will the U.S. stock market be shut down?"
The trader was stunned
"Yes, definitely, at least a week, there are many market shutdowns in the history of the United States, basically a week at a time"
Lin Sen took out his mobile phone, looked through the calendar, and silently calculated in his heart that 911 is Tuesday, which means that from September 11th to September 14th, the market will be closed. Then the date of opening the market should be the second week after 911, that is, September 17th, and the whole week is reduced, that is, by September 21st, all deliveries must be completed, and the contract period is best one month, so that is, it is best to buy the contract on August 23rd.
"Help me do the math, I sell the S&P 500 on $8.23 for $380 million, how many can I have"
"Okay, wait a minute"
He picked up the calculator and counted it out in a few ticks.
"About 17,500 sheets, today's index is 1080.23"
Today is August 21, and tomorrow you can buy it.
The index on the second day was 1079.98, and Linsen shorted 17,560 S&P 500 with a margin rate of 8%, which means that Linsen's margin was about $379.3 million
"Boss, it's very dangerous for us to do this, if the S&P rises by one point, we have to increase the margin by about $5 million, otherwise HSBC will close our position directly."
The trader is a little worried, although it is not their own money, but as a trader, the profit will reflect their ability, whether it is a private person or a company hired in the future, there are great benefits, but if they are forced to close the position, then this is their stain, maybe it will not be cleaned for a lifetime.
"Don't worry, I'm measured, so that is, for every little drop, how much profit can I make?" Why does Lin Sen think that the profit is so small, it seems a little wrong.
"If it goes down a little, you will make a profit of about 4.4 million per lot"
How do you feel a little lost, Lin Sen was speechless, it seems that the 20 million deposit, is it a little less, but I have already bought it, and it seems that it is a little too late to regret it.
Since this is already the case, Lin Sen is not entangled, but he is afraid that the liquidity is a little small, so he chatted with Uncle Li and decided to go back first, and Uncle Li will watch here.
I went back to make it easier to raise money, otherwise, if I liquidated the position, Lin Sen would lose a lot.
Lin Sen returned to China without notifying others, so he went home by himself.
Gao Yuan was also at home and did not go out.
"I'm back, why don't you ask me to pick you up" Gao Yuan looked at Lin Sen resentfully, feeling a little aggrieved, she was his girlfriend anyway, so she didn't say a word when she came back.
Lin Sen hugged Gao Yuan, his face was ashamed, knowing that he didn't consider Gao Yuan's thoughts, Lin Sen didn't want him to be affected, and Gao Yuan, as Lin Sen's girlfriend, naturally hoped that Lin Sen would have more trouble and trouble her, otherwise she would look like a girlfriend.
"No matter where you go in the future, I'll tell you, okay, come and laugh, you know I don't want you to be affected, I'll trouble you a lot in the future"
Only then did Gao Yuan smile
"I haven't eaten yet, I'm going to cook, you take a break, take a shower, and you can eat"
After speaking, he pushed Lin Sen into the bathroom, and then twisted Xiaoman's waist into the kitchen, Lin Sen had mixed feelings for a while, feeling that he really ignored her a little, and decided to take her with him as much as possible in the future.
In the evening, Lin Sen and Gao Yuan talked about their American experience, and when they heard that Lin Sen had borrowed $400 million, Gao Yuan felt his heart beat.
"How can you borrow so much money?"
"Speculating in futures, Yuan, if I make money this time, it will be a lot of money, if I lose, it is estimated that I will break my muscles and bones, or even have nothing."
Lin Sen couldn't help but smile bitterly, this time it was indeed a little ill-considered, and the reserve fund was too small.
Gao Yuan hugged Lin Sen tightly
"You still have me, not to mention that if you make money, even if you have nothing, I will be by your side, and I believe that even if you fall, you will still get up."
"Thank you, I'm so happy to have you"
The next day, very early, Uncle Li called and told Lin Sen that the S&P had risen by nearly 1 point and had made up the margin, and now it was only about 14 million US dollars.
Lin Sen estimated that the money that can be obtained now may only be some that have not yet been settled, and there are probably more than 14 million on Shonan Satellite TV, but it is less than two million when converted into dollars, a drop in the bucket, where can I get money, almost all the assets Lin Sen has used for mortgages, and there are no mortgaged properties.
Although it was less than 2 million, Lin Sen still called Ouyang
"Director Ouyang, I want your help this time"
"Haha, you say" This time, the average rating of the eighteen-year-old sky reached 13%, which is considered a TV series that can enter the top five this year, and advertisers are flocking to it, which really makes him grow face, so he is in a good mood.
"This time, I have some problems with funds, I hope that the payment can be settled early, I know it will make it difficult for you, but I really can't do anything"
"It's fine, it'll be on your account tomorrow." It's no problem to settle in advance, and during this time, I have collected a lot of advertising fees alone, and I am fully capable of paying.
"Thank you very much, you've helped me a lot." Lin Sen is really grateful, there are really not many people who send charcoal in the snow.
"But say okay, next time there is a good drama, your priority will be given to us"
"You don't need to say it, I will do it, don't worry, the dramas we shoot in the future will be given priority to Shonan Satellite TV"
"Haha, that's a great cooperation"
With these 2 million, it is estimated that it can last for half a day.
Then he asked Hu Kexin to step up the sale of the second and third rounds of the eighteen-year-old sky.
Uncle Wu may have learned from Uncle Li that Lin Sen is now very short of money.
"Come to Beiying, I'll wait for you there"
Arrived at Uncle Wu's office in Beiying.
"Hold, here's $2 million"
How could Wu Bo have so much money, Lin Sen estimated that he also borrowed it, borrowed it in his name, and worked hard for the Chinese film industry all his life, and the money he earned was probably less than 200,000 US dollars, but he was willing to borrow 2 million US dollars from Lin Sen.
For the first time, Lin Sen felt that he had done something wrong, and in order to make money, he and his family were in crisis. Just like yesterday, Gao Yuan transferred all the money she earned to Lin Sen.
"Uncle Wu, I'm not short of money, really" try to make yourself act as natural.
"You and I am stupid, Old Man Li told me, this is the first and last time, don't be so reckless, the country that was finally laid down may be gone this time, think twice before doing things."
"Uncle Wu.." Lin Sen has already written a crying tone.
"Okay, don't be a little girl, you're a man, you have to admit it if you do, don't be afraid, you're still young, you can get up again if you fail"
"Well, I will"
"I'll borrow it from my friends and see how much I can get."
"Thank you Uncle Wu, don't worry, even if I have nothing this time, I can still make a comeback, and I won't make it difficult for you" Seeing Uncle Wu help him so much, his ambition struggled to stand up again, although if he couldn't raise money, he would be forced to close the position, but with so many people supporting him, he still couldn't admit defeat.
"That's what a man looks like"