"Damn, what the hell is going on?"

In the meeting room of the Undying Flowers, Nick hung up the phone and was furious, threatening to tear the roof down. He never imagined that things would come to a 180-degree reversal.

After seeing the New York Times report, Nick didn't pay much attention to it, but just in case, he called Goodman's head of commodities, and who didn't want to hear a bolt from the blue: two traders sent by Goodman & Co. have not returned, no, not specifically, they haven't returned, but they haven't been heard from for the past two days.

This...... How is this possible? In a panic, Nick hurriedly asked the other party to verify the names of the traders he sent, but he was shocked that the names of the traders sent by the other party were completely different from the two he received, that is, the two people he received were not employees of Goodman's company at all.

Oh my God, I was completely teased. Nick only felt a wave of anger burst out of his abdomen, and in an instant, he walked through all his internal organs, and finally gathered at his throat and gushed out directly.

In the face of Nick's almost crazy gaffe, the other high-level executives of the Withered Flower Fund looked at each other, and were silent for a while, not knowing what was going on. However, judging from Nick's thunderous table, most of them can guess that something is wrong, and it must be a problem with the sale of positions in the portfolio.

After inexplicably getting angry for a long time, Nick finally calmed down. After looking at the partners who didn't speak, he said helplessly: "We have been tricked, and the person who made the deal with us is not an employee of Goodman's company at all. Oh my god, we still believe them, we leaked so many secrets, and now we're basically done with the fun! ”

Although there were also bids from other institutions, there was no doubt that in the bidding process, the two "analysts" of "Goodman" were the highest bidders, so after weighing them, the senior management of the Withered Fund declined offers from other institutions. It's just that who of them would have thought. This kind of behavior has completely driven yourself to a dead end?

"What now?"

After learning the ins and outs of the whole thing, everyone is shocked, and they finally realize that a huge conspiracy is unfolding against them. And it's so cleverly arranged. So that they were almost unaware before. And by the time I suddenly realized it, it was already too late.

Bond. Hunter was most frightened, and he knew very well that after this incident. I'm afraid I'll never get a foothold in the financial industry again. But he doesn't care, the money he has earned in the past few years is enough for the rest of his life. At present, what worries him the most is that if these positions cannot be dealt with in a timely manner, not only will the behemoth of not withering flowers be dragged down, but even some brokers of NYMEX may be affected, and even the natural gas market of NYMEX will have to change because of this.

Even if the situation does not develop to that point, basically he will not be able to run a "market manipulation" investigation, although this kind of judicial investigation will generally not be convicted, but once the court finds him guilty, he will face prison time.

Apparently Bond. Hunter was so frightened at this point that the tone of his voice began to tremble involuntarily.

"Is there any other way we can do it?" Nick glanced at Hunter, shook his head involuntarily, and replied angrily, "Of course it's closed, how much can be closed." At such a time, there is as much as can be recovered, is there more time and means left for us? God, what are you still standing for, hurry up and tell the trader to close as much as possible after the market opens on Monday. ”

Everyone is related, but by this time, there is really only one way, because the news has leaked out, and the entire Wall Street traders will flock to the gas market as soon as the market opens on Monday, frantically attacking their positions, and if they don't close their positions in time, their losses will only get bigger and bigger.

The crowd didn't say much, and silently left the conference room to set up for Monday's upcoming shock.

……

At the opening of the market on Monday, what the top executives did not expect was that the September contract did not show much twists and turns. Although the news of the huge loss of the natural gas position of the withered fund has spread throughout the market, the eyes of the traders are clear, and they do not concentrate their firepower on their positions in the near month, but all surround the shoulder arbitrage positions of the far moon.

In recent months, because of the sudden appearance of this news, the bulls in September could not sit still, and after opening the price of 4.92, the bulls in September began to concentrate their efforts. Despite the surging momentum of selling orders in the market, the power of the bulls should not be underestimated, and after a brief decline, they began to quickly counterattack, directly pulling out a rising white candle, and even pulling the price of natural gas to $5.26 at most, which also made analysts in many markets fall through the glasses.

On the other hand, the situation is far less optimistic, basically the withered fund is a role to be slaughtered, in the absence of more funds, for every penny of fluctuations in the market, they do not have enough power to stop, can only watch their position losses expand step by step.

The most terrible thing is that after knowing that there is a huge loss in the position of the non-withering fund and there is no trading agreement, including investors, brokers, and lending banks have asked them to return the loan or call the margin, which has brought more trouble to the non-withering position.

"No matter, throw it away!"

After scrambling to hang up another call, Nick had the time to wipe the beads of sweat from his forehead and face Bond. Hunter came to ask for instructions, he sighed and said helplessly.

It was the thirteenth call he had received this morning, and the call, which included almost all of his investment partners, and despite Nick's best efforts, there was basically only one demand for them to return the funds that belonged to them. Others don't listen at all.

The pressure on Nick's body was unprecedentedly strong, and although he had been mentally prepared in advance, it was only when the matter came that he realized that he couldn't calm down at all. After Hunter reported on the position closing several times, his face was completely ugly, and finally after another phone call, he had to make this decision with pleasure.

"What?" Bond. Hunter was stunned for a moment, and then his face immediately fell, "Is it really going to get that far?" ”

Bond. Hunter is clear. As a shoulder hedge position. Originally, the loss could have been controlled within a certain range. Because of nature, the price of natural gas contracts in April will not be higher than the price in March, so even if the price difference between the two is completely wiped out, they will lose no more than $3 billion at most.

The strategy that was laid out before was: As long as they close a part of the position. If part of the funds are recovered. This part of the position may be able to barely hold on, because not only them, but other portfolios are also unwinding. This time. Wall Street is not just targeting their natural gas positions.

But what Nick is asking for now is to close both the money-making month contracts and the loss-making contracts. Once the money-making contract is closed, it will inevitably cause violent fluctuations in the market and turn profits into losses. The consequence of this is that the amount of losses will inevitably expand to more than $3 billion, and the entire non-withered fund will be implicated at that time.

"Are you sure you want to do that?" Bond. Hunter was silent for a long time with a dark face, and finally asked without giving up.

"We don't have any more options!" Nick opened his mouth to defend his decision, but in the end he didn't say anything powerful, "Except that there can really be a miracle!" He added with difficulty.

When Bond. When Hunter gave Nick's order to the traders, they were all well aware of the current situation, and even though no one spoke, the collective silence at the moment was a kind of language, a sign of the end of the world.

Everyone knows what the consequences will be if they stop casting shoulder arbitrage portfolio positions and sell them on a month-by-month basis, but they also know that those at the top know the consequences of such a sell-off, and if there is really a way to do it, they will not do it. Since you do this, you can only leave your fate to the market!

……

"Mr. Zhong, there has been, there has been!"

While Zhong Shi was leaning alone by the window, smoking a cigarette and looking at the beautiful scenery of the Hudson River, the traders in Hu Ping's team did not even leave him this rare leisure time, and when the market appeared as he expected, Jiang Shan hurriedly shouted.

Zhong Shi quickly stood up straight, quickly took two puffs and threw away the cigarette butt, and when he walked to the computer, he found that in the sell column in March, a large sell order of up to 245 hands was put out, and in April, a similar number of opposite hands did not appear.

"This must be their closing order!" Jiang Shan looked very excited, and explained impatiently, "This price is 0.02 levels lower than the market price, and what was listed just now is 300 lots, in addition to the transaction, there are so many left." It seems that the bears in the market do not intend to let them go at all, and now that the market price has fallen to the price they are hanging, it seems that it will be difficult for them to completely close out if they do not continue to lower the price. ”

"Also, you look at the April contract." Jiang Shan quickly switched the interface to April, only to see that on the right side of the trading column, the message of continuous transactions popped up quickly, and dozens of messages could jump out almost a second. Zhong Shi took a cursory look, and among the ten, at least six of them were double-flat transaction prompts, that is, someone was closing the position quickly, although the number of lots was not much, but the frequency was quite high.

"In April, due to the rapid unwinding of short positions, it is now up at least 0.5 levels, and the spread between the two months has narrowed to $0.8, which means that the withered fund has lost at least $2 billion. Oh my God, it's still a morning, no, it's not a morning yet. ”

Jiang Shan looked at the numbers on the screen, secretly calculated in his heart, and came up with a number that he thought was incredible.

"I'm afraid it's more than that!"

Zhong Shi smiled slightly, pointed to the position trading situation in March and said, "See, the pending order just now has been withdrawn, and the price is falling again, this time they are afraid that they are really going to collapse." ”

Before he could finish speaking, he heard other traders shouting: "The bulls have flinched, flinched, oh my!" ”

As soon as the two pondered, they understood what it meant, and Jiang Shan hurriedly switched the interface to the spot month contract, and the two were surprised to find that the price of the spot month natural gas position that was still standing firmly above 5.20 just now showed a sharp downward trend, and almost in an instant, a shiny red straight line was pulled out on the screen, falling below the $5 mark.

Thinking about it, the bulls of the current month also discovered the fact that the withered fund had collapsed, so they closed the long positions in hand regardless of it. (To be continued......)

PS: Thank you for supporting this book and the author for a long time, and the author will continue to work hard to not disappoint everyone