Chapter 166: Assets Soar
So, in addition to Wu Long, Hao Ren and Wang Zihang began to operate as a whole, and began to sell all Dow Jones index futures contracts at a price of 60,000 US dollars. [Full text reading]
Merrill Lynch, Huang Yahui also began to sell futures contracts one after another according to Zhang Bin's instructions, but there was a little drum in his heart.
With so much money and selling so many futures at the same time, what is this Mr. Zhang going to do?
However, they are the ones who pay for it, and they just need to help with the operation.
What Zhang Bin wants to do, of course, is short.
Futures shorting, simply put, is to sell the futures that you don't have to others, and promise how long it will take to settle, that is, the money and goods are cleared, and before the liquidation, the buyer and seller only need to pay the margin.
When it is time to settle the contract, the price of the futures has dropped a little, so I buy the futures that the buyer needs, and then use the contract price reached before to sell to him, in fact, I earn the difference in the middle.
What Zhang Bin did was to borrow futures contracts from futures companies, wait until the position was closed, and then spend money to buy futures contracts and return them to the futures company, which could help him save a large part of his cash flow.
That's why Zhang Bin can use $600 million to operate $5 billion.
Perhaps no one thought that Zhou Chuan's words today would evolve into a disaster for the world stock market.
Perhaps someone is deliberately fueling the flames behind the scenes, Zhou Chuan's words today were rumored to be that the state was going to immediately regulate financial investment, so the fund began to reduce its positions on a large scale, and for a while, the stock market fell sharply.
No one expected that this domestic stock market disaster would turn into a "domino" in the world stock market.
The first to react was the Hang Seng stock index in Hong Kong, which fell by more than 465 points on the day and closed down 360 points, or 1.76%, and then European stock markets also began to fall across the board, with the largest decline of more than 2.64%, and the worst was actually the United States.
On the 27th, the U.S. stock market began a shocking plunge, with the Dow Jones falling as low as 560 points and closing down 416 points, or 3.3%, the Nasdaq Composite by 3.9%, and the S&P 500 by 3.9%.
So on the 28th, the general manager of the state immediately said a word, to vigorously support the domestic capital market, and the stock market began to recover rapidly.
This is a story disaster that no one expected, it comes and goes quickly.
However, the loss brought to the whole world was more than three trillion dollars evaporated in one day.
Of course, what is going on with this cyclical plunge in the global stock market, this is the problem of the superiors, and what Zhang Bin has to consider at this time is how to make more money is the last word.
It was busy until more than ten o'clock in the evening, and everyone was completely idle.
Wu Long went to buy supper and dumplings, and everyone simply ate them.
Several people didn't fall asleep at night, and so much money was invested, everyone was very nervous, staring at the fluctuations of the index every second, for fear that something would go wrong.
Zhang Bin couldn't sleep after sleeping for two hours, he really thought about it in his heart, and it was strange that he fell asleep.
That evening, the domestic stock market began to change.
By the 27th, the market began to fall across the board, and the Xiangjiang Hang Seng stock index also fell across the board.
On the afternoon of the 27th, the U.S. stock market finally reflected.
Seeing this process, everyone is excited, as long as it is falling, it means making money, and the more it falls, the more it earns.
Merrill Lynch, since he knew that Zhang Bin had operated a futures contract of five billion US dollars at one time, Huang Yahui didn't sleep, he didn't dare to sleep at all, I was obedient, this is billions of dollars, just drop some and rise some more, that's a lot of money, if you lose a lot of money, your work is estimated to be enough.
When the Dow Jones index fell by 100, Huang Yahui began to call Zhang Bin, so that he could make a move, and the current situation could not last long.
Zhang Bin told him to wait.
When it fell by 200 points, everyone was silent, because they could see that the trend seemed to continue.
Three hundred, four hundred.
Huang Yahui called again, he was already shocked at this time, did he have such good luck?
He felt that at such a precise point in time, it was impossible to be lucky, if luck was excluded, it would mean that Zhang Bin had a very powerful team under his hands, or did Zhang Bin get some rumors in advance?
Zhang Bin asked Huang Yahui to wait, and he would call him when he could make a move.
Well, Huang Yahui could only wait with excitement.
When it broke through five hundred points, everyone was looking at Zhang Bin.
Seeing that Zhang Bin was still so calm, Wang Zihang and his wife glanced at each other, it is worthy of being able to earn so much at such a young age, it seems that this is the strength of others.
By the time the index fell by more than 520 points, it was already falling very slowly.
"Close the position", Zhang Bin calmly ordered, and his heart was actually so excited that he couldn't do it.
Everyone began to operate quickly, and the futures contracts of 5 billion US dollars must be closed within half a day.
It's much easier to buy than to sell.
Until more than 7 o'clock in the evening of the 28th, all of Zhang Bin's contracts were closed.
Hao Ren calculated for him, 600 million US dollars, a total of 10,000 contracts, an average drop of 546 points per hand, that is, a net profit of 22,000 US dollars per hand, a total net profit of 220 million US dollars.
When the final amount was calculated, everyone was blindsided.
In two days, 220 million US dollars, this TM is even fiercer than grabbing money.
The actual handling fee is less than $30,000, which is completely negligible.
Seeing that everyone looked at him with a shocked face, Zhang Bin said with a smile: "Everyone will have to work hard tomorrow, and I will invite everyone to the Crown Hotel for dinner in the evening."
"Yay, long live the boss", everyone shouted excitedly, although it was nothing to eat, but after being nervous for so long, it was always nice to relax.
Zhang Bin was not too surprised, because he had already calculated this result countless times in his heart.
Huang Yahui called Zhang Bin, told Zhang Bin about the results, and finally said: "Is Mr. Zhang ready to continue to invest or withdraw?" ”
"If you don't mind now, please help me sell again," Zhang said.
"Sell again?" Huang Yahui hesitated for a moment and said, "Mr. Zhang, please forgive me, from the current situation, it is no longer possible to drop a lot."
"Who said that I was going to fall, I wanted to buy up", Zhang Bin said, "You can operate as much as you can tonight, and strive to sell it all before noon tomorrow."
With the previous funds, Zhang Bin now has 820 million US dollars in his hands.
With the recovery of the domestic stock market, the stock market in the United States will also begin to gradually recover, but this is a slow process, but within a week, the Dow Jones index will rise by nearly 300 points, which is also money, and it is not earned in vain.
(Lao Li didn't find the maximum limit of his personal position, so there is no limit, buy more to earn more, in addition, everyone votes or something, or come to some comments, etc., to give Lao Li some reaction, a person stuffy head code words feel very bad)