Putting all the information together, plus the factors that have already been identified and changed by the information in the future, the contours of the matter are quickly revealed. Pen ~ fun ~ pavilion www.biquge.info

"Can't let them breathe!" Lei Hao felt a little chill in his heart: "In the second quarter report, Ante Energy Group must expose the problem!" ”

Lei Hao was depressed, but he could only harden his heart to do it, and in order to obtain the maximum profit, the pressure of building a position in the early stage was naturally only to withstand himself.

For the rest of the time, Lei Hao almost stayed in the study, waiting for him to sort things out and the general plan was determined, and then he returned to bed to rest, which was already around 2:40 in the morning.

The next day, Thursday, June 8, before 7 o'clock in the morning, Lei Hao was woken up by the powerful biological clock, and he only slept for more than 4 hours under the premise of lying in bed a little.

When I came to Forest, it was the peak period of work, and I saw that Lei Hao rarely arrived at the company at nearly 8 o'clock, and the employees were a little surprised in their eyes.

"Ray." Leo, Yarman, and Fawkes had been notified and were waiting in Lei Hao's office.

"As a precautionary shot, ATE's stock price is rising in the short term, our plan direction remains unchanged, our willingness to accept the expected contract remains unchanged, and the terms of the contract remain unchanged." Sitting down in his place, Lei Hao's first sentence caused a small startle.

ATE is the abbreviation of the stock name of Ante Energy Group in the U.S. stock market, and the price agreed between Forest and the investment bank is the average price in May and the average price in November.

In other words, if it is a put option held by Forest, Lei Hao can sell it to the opponent at the expiration according to the average price of the stock in May, and the opponent can buy the ATE stock at the average price in May from Lei Hao, and the forward price of the forward contract in November, and the average stock price in May can also be regarded as the spot price.

The stock price in June seems to have no impact, but it determines the speed of opening positions for both long and short sides and the early trend of the market.

It's very simple, you use the stock price in May to short, in June, when the ATE stock price rises, the options are clearly out-of-the-money, and the counterparty will hold the in-the-money options, and a fool can make a profit by hedging with you, can your accumulation speed be slow?

"If the stock price rises, we can start a renegotiation process and raise the agreed price." Fox didn't have time to discern whether Lei Hao's analysis was in the right direction.

"ATE has no room to rise, its upward and downward pressure is equal, and if the stock price rises and there is no corresponding information to support it, it will soon fall back." Yarman and Leo looked at each other, and Yarman opened his mouth to say the conclusion of the analysis.

It is still very simple, the business scope of financial institutions does not include charity, and it is obviously a contract to send money, and no one is willing to sign it, so the renegotiation of the contract price is a normal thing in the operation of this project.

The problem is that this time the company wants too many chips, and Lei Hao would rather choose a relatively high opening price than buy some extra time.

"I'm not 100 per cent sure who the opponent is." Lei Hao lied, and then his tone became resolute: "But what I can be sure of is that I want these chips, today's increase can bring us more chips, and we don't need to start the renegotiation clause!" ”

"To what extent?" Leo asked coldly.

“36！” Lei Hao didn't want to say a number.

There was silence in the office.

ATE's share price is now 35.17, a narrow range of shocks, a slow upward trend has been maintained for a long time, and the amount of energy is also normal, the average price in May is 34.98, almost 35 yuan.

According to the contract, the leverage of Forest is 10 times, and the insurance company has requirements for the amount of margin, that is, the amount of margin that Forest has to give as much as the stock price rises.

When it is 35.17, it is 2 billion to leverage 2 billion, then when it is 36, you have to give 4.72 million more, that is, 2.36% more corresponding range.

It's not a big number, but it's a principal! Moreover, it is the liquidity of real money, Lei Hao not only has to complete these hedging contracts, but also has to invest in the formal market, and even definitely needs to short sell ATE securities and suppress the stock price.

Money is needed in every way, and new projects have made Forest's cash flow scarce.

"If we use the imaginary value against the real value, we can definitely open the expected position within a week." Leo said briefly, "But Fox needs to do a nice job, and the SEC will keep an eye on these contracts." ”

"I can do it, I mean, not just bypassing the SEC, but also signing and building contracts." Fox said confidently.

"So, after the position is opened, we need some collaborators, Fox, and you start talking." Lei Hao finally spoke: "This time, we need to cooperate with others. ”

Hearing Lei Hao's last words, the eyes of Fox and Leo and the others instantly brightened.

Finally...... Is Lei Hao starting to take this step? This is great news!

Financial institutions huddle and snipe? It's the bloodiest thing in the financial markets.

With Lei Hao's achievements, he has long been able to attract a group of people to make waves, but all along, whether it is Thunder or Lei, they are playing by themselves behind closed doors, Lei Hao is famous not only for his ability, but also for his practice of wandering away from the collective.

"A lot of agencies are willing to approach us, and I'll arrange this." Fawkes's tone unconsciously became a little excited.

"So, we can't handle this operation?" Leo had a big question mark in his mind, and then he slowly pressed it back, and finally determined the answer.

In the eyes of Leo and others, the expected profit and loss of this project is similar to that of the previous operations, but the difference is that the value of their own leverage occupies a large area of the battlefield, and stocks are not only involved in the stock market.

Lei Hao's idea is not difficult to guess that the stock market value of Ante Energy Group is 30 billion, but it is not heavily held by institutions or large investors, and the number of shareholders is much more than that of normal enterprises.

The large number of shareholders means that the frequency and amplitude of stock price fluctuations are larger and more, that is, ...... The impact of the entry capital on it is significant.

How much money can be used for the whole LEI full count? Lei Hao only came up with a figure of more than 200 million yuan after careful calculation, but he has to face a company with a market value of 30 billion, and he has to leave more than 200 million yuan to suppress those contracts with investment banks, so that the money is not enough.

Moreover, even if the money is enough, Lei Hao has no power in the United States, and the extent of your short selling alone is too great, facing a mature capital group, you are a fat sheep with only money, and others can't kill you? What an international joke.

The last question is that Lei Hao sees some clues from the future information, he needs collaborators, this time, in addition to receiving his expected benefits, he wants to pull out a group of partners, maybe ...... This kind of thing will happen one after another, and this profit model can become a fixed pattern. (To be continued.) )