(Thank you for the reward of corn beans, I can't get on the Internet these days, and I have forgotten to thank you, and thank you to all the readers, it is your support that gives me the motivation to move forward.) ）

On the evening of November 11, Chen Mo was helping the old man wash his feet when Li Shan walked in with his phone. "It's a British phone, saying that your colleague's name is Zhang Song."

This was the first time Chen Mo had received a call from Zhang Song, and he hurriedly asked Li Shan to clinch the phone to his ear. "Hello, Brother Zhang, what has changed in the market?!"

Zhang Song said with a smile: "Now there is a good news, the Italian oil company Eni, which signed a contract with us, hopes to be able to redeem the contract we signed in advance, and is willing to premium 10% of the profit at today's price." ”

The old man moved his feet and said, "You go and answer the phone, you give me the towel, I'll come by myself, and you can help me pour the water in a while." ”

Chen Mo nodded and sat down next to him. "Why would the other party do this? If we follow the other party's standards, how much profit do we make now? ”

"Today, Brent crude oil is expected to hit the $24 mark, but it is still only $23.86, and Eni Petroleum is originally focused on oil refining, and their thirst for futures is far greater than that of options hedging. With the current price rise more than enough, it is understandable that they want to hedge this contract. ”

Although Chen Mo is not very clear about the hedging scheme of option contracts, he also knows that if his contract is a futures contract, even if the other party loses in the contract, but gets crude oil, it will still help their production and operation. But this is an option contract, that is, it is mainly settled in cash, so if you lose money, it will be difficult to make up for it.

Don't talk about them, CNPC and Petronas are also in this way of operating, benefiting various swaps to maintain the stability of production, and sometimes, even if you lose some money, it is much stronger than having problems in production and operation.

Of course, Chen Mo can refuse the other party's proposal, so Eni Petroleum Company must make up the position every day according to the contract, and officially settle with Chen Mo seven days before the contract delivery date. But in this case, it does not actually conform to the unspoken rules of this market, which is like the gambling table, before the cup is revealed, the opponent has already conceded defeat, but you still have to force the opponent to continue betting.

Therefore, Chen Mo can choose to perform according to the contract amount, or he can choose to accept the other party's wishes and continue to look for the next opponent. Of course, Chen Mo had to choose the second option, he just wanted to make some money, not to find an enemy.

He quickly figured it out and said to Zhang Song: "You should have calculated, our profit this time, right?!" ”

"Of course. With a profit of $3.42 per barrel, you can make a profit of $50,000 even after deducting the transaction fee and my fees. It's exciting to think about! ”

"Then if we continue to go long, will we be able to find a home now?"

Zhang Song said: "I think that you are no longer trading options OTC at all, but directly participating in the exchange quotes. A three-month futures contract, if you start to set the risk line of $28, we still have a spread of four dollars per barrel of oil, and because the futures contract involves physical delivery, there is generally no one to hedge halfway, because in this case, not only the money in the secondary futures market is lost, but also the future spot. Our company has recently increased its investment in the futures market, which is currently affecting the activity of the crude oil market. ”

Chen Moleng was there, he didn't expect that some time ago, Mr. Zheng said that he would refer to his investment plan, and he would act so quickly. Although their participation gives the price more potential to rise, it also increases the risk of investment.

But now that Chen Mo has a profit of 50,000 US dollars and a memory in his head, even if there is a little risk, this risk is worth taking.

Chen Mo thought for a while and said: "I will call Credit Suisse to authorize the next round of investment rights, but you must pay attention to the delivery time and delivery location, it is not allowed to sign too remote delivery lows, I don't want the contract to be disposed of by then, and I have to pull back thousands of tons of crude oil." ”

Zhang Song smiled: "Don't worry, I won't make such a low-level mistake." What's more, even if this situation does occur at that time, CNPC will be willing to eat the crude oil in your hand at a lower price. ”

If possible, Chen Mo was reluctant to take advantage of PetroChina, but for now, he could only rely on Zhang Song to help him deal with London's affairs. Although it did not take advantage of the economic advantage of CNPC, but those who used CNPC could be regarded as using their power for personal gain.

However, if you really make a lot of money by taking advantage of your own investment opportunities this time, you can be considered worthy of them.

After hanging up the phone, Chen Mo dialed Credit Suisse again, reported the trading account number and password to the other party, and handed over the investment rights to Zhang Song. Although Credit Suisse has an account number and password, Chen Mo's account is under the supervision of the exchange, and they only have the right to manage, not the right to invest. Although Zhang Song was granted the right to invest by Chen Mo, he could only use the investment right in two trading accounts, and the contract signed was also under the custody of Credit Suisse, and he did not have the right to directly use the funds, so although Chen Mo was in China, he could still firmly control the safety of his funds.

When Chen Mo hung up the phone, the curious Li Shan couldn't help but ask, "Did you make money from your investment?!" ”

Chen Mo laughed. "Guess how much I earn?!"

Li Shan knew that he had invested 25,000 US dollars, looked at his smug face, thought about it, and said, "10,000 US dollars?!" ”

Chen Mo smiled and shook his head. "More ......"

"Twenty thousand?"

Chen Mo continued to shake his head, "It's not enough, you look down on me too much, will I only make $20,000 from my move?!" ”

At this moment, even the old man was attracted, staring at Chen Mo's smiling face, not knowing how much money he had earned, so happy. Li Shan couldn't get used to his chatter, so she pursed her lips and asked, "100,000 dollars?!" ”

This time it was Chen Mo's turn to be hit, and said: "Try it, it's only been 20 days, I'll give you 25,000, and if you earn me 5,000, I'll serve you!" ”

Li Shan laughed and said with a hippie smile: "It's good that you can make money, I'm only responsible for spending money...... How many exactly?! ”

Chen Mo stretched out a slap and said proudly: "Almost fifty thousand dollars, shocking enough, right?!" ”

Li Shan screamed, hugged his arm and said, "I don't care, you have earned so much, you want to give me half of it!" ”

Chen Mo scratched her nose and smiled: "Little wealth fan, what do you want so much money for?" I'm going to keep it for the investment, but when the time comes, I'll buy you a gift that satisfies you! ”

As he was talking, Kang Xuedong walked in from outside, with the smell of alcohol. "What's so happy? Outside, I heard you say 50,000 dollars, 100,000 dollars. ”

The old man smiled: "Xiao Mo said that he has earned 50,000 US dollars from his investment, which is really amazing in such a short time." ”

Kang Xuedong became interested and sat down on the side of the old man's bed. "Tell me, didn't you start by saying it would take three months? How did you make so much money in such a short period of time? ”

Everyone has this interest, and Chen Mo explained the whole process to them in detail. Li Shan asked, "Then if you don't agree to Eni's terms, won't they lose you $80,000 by then?!" ”

Chen Mo shook his head and said, "Say you don't understand, you really don't know anything." Do I spend three months to get $80,000, or is it better to just pocket $50,000 now, isn't this account still easy to calculate? Besides, I now have more than $70,000 in my hand, and I can continue to invest, and if it goes so smoothly this time, with twice the return, by three months, my money can become more than $200,000, right? ”

The little stars in Li Shan's eyes twinkled and looked at him adoringly. "Can it really be turned into $200,000?"

Chen Mo didn't give her confidence, and said with a smile: "The market is ever-changing, how dare I guarantee that I will make money?" Maybe tomorrow when the limelight turns, I won't have a share of the $70,000. ”

"It's okay, I still have it without me, I'll support you."

His phone rang again, and Zhang Song was authorized by Chen Mo to directly close the contract with Eni Petroleum. It is still trading time in London, and he has already selected several contracts, and the delivery dates are all from the end of December to the beginning of January, but in the quotation part, he must follow Chen Mo's meaning.

Although Chen Mo remembered that the price of crude oil was close to thirty US dollars, and in January, it once exceeded thirty US dollars, but he did not dare to fight like this, because now he did not have so many funds to replenish his position.

After discussing with Zhang Song, the price was still set at 27.95. Now, less than ten minutes later, the spot price has risen another five cents to 23.91, at which the profit is four dollars per barrel of crude oil.

And he now has more than $75,000 to use, and he must set aside some of the funds as a reserve. After some calculations, Chen Mo chose to directly establish a contract for 50,000 barrels of crude oil and let Zhang Song quote.

In this way, the amount of the contract is nearly 1.2 million US dollars, and Chen Mo only has 15,000 US dollars left in reserve. This is a reasonable ratio, if Chen Mo builds a contract of 60,000 barrels, he can still have more than 3,000 US dollars left. However, more than 3,000 US dollars is really not enough, if the oil price falls by even one percent tomorrow, Chen Mo will directly blow up his position, because his reserve fund is not enough to make up for one percent of his position.

He only knows the general trend of rising oil prices, not remembers the fluctuations of each day, so he can only choose a safe way to invest and not let himself fall in front of the finish line.

Now operating 50,000 barrels of crude oil, there is still nearly 16,000 US dollars left, and as long as the price fluctuation does not exceed 3 percent, he will be sure to make a profit.

On the same day, in the evening, when the London market closed and the price rose to 24.02, Chen Mo was completely relieved, which made him one step away from liquidation.

(I know this kind of writing seems a bit no-nonsense, but if you really want to write it in a practical way, it will be too complicated for many readers to understand, so I will describe it in such a rough way.) ）