Chapter 31 Options
"Mr. Chung, according to the current momentum, the yen will definitely continue to rise......
Andrew was in a hurry and hurriedly spoke out to dissuade him. In his opinion, yen futures will definitely rise strongly during this time, and the money in Jongseok's account will grow at an incredible rate.
Although he can get at least tens of thousands of dollars in commissions for this transaction, who would be too little about money!
"Quickly help me figure out how much premium it would take to open a billion-dollar option position! Do as I say, immediately! ”
Zhong Shi was not moved at all, and said in an indifferent tone. He was really a little annoyed by the agent's own assertions, and even in his heart, he was already thinking about whether to change the brokerage company.
In later generations, it is not uncommon for brokerage companies to embezzle money from customer accounts without permission. In the early days of the ChinaAMC securities market, a securities company established in Shenzhen and Hong Kong embezzled customer reserves of as much as 8 billion yuan, causing huge losses. The government swore that the company would not go bankrupt and that the government would take responsibility for all the debts, and then declared the securities company bankrupt, leaving many people with no money.
Although this futures company is American-funded, and its management and professional norms are much stronger than those in China, who can guarantee that this kind of moral hazard will not appear?
Seeing that Zhong Shi's face was wrong, Andrew immediately shut up and called his colleagues in the United States.
"Zhong Shi, what the hell is going on?"
Zhong Yi finally caught an opportunity, he had been sitting for most of the night, and he knew a little in his heart. It's just that he can't believe it, how did this cousin's net worth skyrocket to such an astronomical amount in just a few days?
"It's nothing, it's just making a small amount of money in the futures market. Ay... I still have too little money in my hand now......"
Zhong Shi said lightly. The people in the room who understood his words were white-eyed, and they all despised Zhong Shi in their hearts: "A net worth of 40 million is still too little money?" Who the hell is this? ”
Liao Chengde rolled his eyes even more, he and Zhong Shi have been friends for the longest time, know his details best, with a fixed kiln white porcelain bowl from Liao Chengde to extort a million Hong Kong dollars, and then made a lot of money on the "Changjiang Industrial", and then the number of clouds and rain skyrocketed to tens of millions, almost catching up with the wealth he had accumulated in half his life.
Zhong Shi said that the money is too small is indeed true, and for such a once-in-a-lifetime opportunity, it must not be missed. All of his net worth is now invested, and it is only a fraction of what he makes, and most of it is made by those predators with hundreds of millions of funds.
The reason why he wants to withdraw from the futures market is that he is afraid of the short counterattack of the yen, after all, the Japanese consortium is still very strong in this year; Second, I am also afraid that the short position will not be supported and the position will be forcibly closed, so the profit will be extremely limited.
After all, as soon as the news of the depreciation of the dollar is announced, I believe that there will be no more funds blindly entering the short side. In that case, it is better to move to the options market as early as possible.
Options, also known as options, are a kind of derivative produced on the basis of futures, which refers to the right that can be bought and sold in a certain period of time in the future, and is the right of the buyer to buy or sell a certain amount of specific underlying goods to the seller at a predetermined price after paying a certain amount of money (option premium) to the seller in the future, but does not have the obligation to buy or sell.
For example, if Zhongshi said that the yen option worth one billion US dollars, the two parties can purchase the right to purchase one billion yen worth of yen from the seller at an agreed price in the future (two years), and when the two parties reach an agreement, Zhongshi needs to pay a certain amount of option premium to the seller, and choose to deliver or give up before the expiration of the term.
Options are divided into American-style options, American-style options are options that can be exercised at any time during the term, and European-style options are options that choose whether to exercise or not on a specific date. Due to the difference in time limit, the corresponding premium is also different.
"Sir, I found out, now there are mainly Japanese yen futures issued by Sumitomo Bank of Japan, Sakura Bank of Japan, Chase Bank of the United States, etc. on the Chicago Mercantile Exchange, among which the two-year options are not too many, and the delivery price set is ......" Speaking of this, Andrew couldn't help but pause, glanced at Zhong Shi, and saw that Zhong Shi's face was not different, so he continued: "The two-year yen option has soared from 200 in the morning to 180, and the option premium has also increased significantly!" ”
"Oh, it seems that the Japanese consortium reacted quickly enough, how much value of options can I buy with all my assets now?" Zhong Shi touched his smooth chin and asked thoughtfully.
"Sir, you can probably only buy a total of $200 million in options!"
Andrew's voice lowered, and he spoke a little embarrassed, as if he had done something wrong.
"Two hundred million dollars... 200 million ......"
Zhong Shi nodded, his fingers kept tapping on the table, and as he tapped, the entire room fell silent, staring intently at Zhong Shi, waiting for his next instructions.
"Lao Liao, how much money can you come up with now? Also, do you want to get back your five million now, or do you put it in my portfolio and continue to make money? ”
After being silent for a long time, Zhong Shi suddenly asked, and the person who was questioned was Liao Chengde, the richest person in the field.
"Thirty million, let's take out that part of the money first. I'm scared now, I don't want to put all my wealth on it, unlike you, I'm already half-cut into the ground......"
Liao Chengde was stunned for a long time and said with a wry smile.
"30 million, another 20 million loans, 60 million, it's about the same. By July next year, you will have almost liquid funds in hand, and that will be fine. ”
Zhong Shi nodded, and then instructed Andrew: "In this case, my position is still open, it is estimated that I can still make a lot of money in the next two days, just wait for the Japanese consortium to enter the market!" ”
After saying that, he greeted everyone, and left with grace.
Land Rover naturally followed left and right, Liao Chengde and Zhong Yi glanced at each other, shook their heads and smiled bitterly, and told everyone in the room about their crimes, and hurriedly caught up with Zhong Shi.
……
The next night, Zhong Shi and Liao Chengde came to the trading room on time again, this time Zhong Shi no longer fell asleep, and kept staring at the numbers on the display screen, silently calculating in his heart.
After going back yesterday, Zhong Shi didn't say a word, and fell asleep directly on the big bed, which made Liao Chengde and Zhong Yihao wonder for a while, didn't he just wake up in the futures company?
Early in the morning, Zhong Shi woke up the sleepy-eyed Liao Chengde, asked him to polish the stocks in his hand and cash out, and then asked him to go to the HSBC head office to borrow 20 million.
"What's that money now? In the future, you will be worth tens of billions! ”
"Worth tens of billions?!"
Liao Chengde's head was hot, and he immediately agreed. Before this weekend, he didn't believe that Zhong Shi had this kind of magic, but seeing Zhong Shi turn 10 million into 40 million in three or four trading days, this speed of making money opened his eyes.
After making up 60 million, Zhong Shi came to the futures company again with great interest, this time he was really going to do a big job.
"Sir, are you here?"
With respect on his face, Andrew made an old-fashioned gesture of welcome, which made both the Zhong brothers and Liao Chengde a little uneasy, this foreigner follows the local customs and learns quite quickly.
"Today, we will sell out long orders one after another, and at the same time slowly absorb options, do you understand?"
Zhong Shi smiled and said with a hippie smile. At this time, he was undoubtedly in a very good mood, and he was already thinking about his plans to make money next year.
"Yes, sir!"
Andrew made a gentleman's salute and let the three of them hahadaxiao.
Zhong Shi saw that he understood, yawned, Andrew looked carefully, asked people to send quilts and pillows, and let Zhong Shi rest in the trading room, the reason why Zhong Shi was not sent to the lounge was because today's transaction may be variable, in case there is any emergency, it is better to notify Zhong Shi as soon as possible.
Things went surprisingly smoothly, and Andrew's long orders were instantly drowned in a massive number of transactions, like mud cows entering the sea, and there was no wave at all.
At two o'clock in the time to the United States, Zhong Shi's holdings of many yen orders were polished, thanks to the pursuit of funds, the account was still 40 million Hong Kong dollars on the first day, and on this day it rose to more than 65 million, and the income was as high as 550 percent.
Just when Andrew was empty, a large amount of money suddenly appeared on the Chicago Mercantile Exchange, and for a while, the yen bears rose sharply and came to the bulls. For a while, the long and short positions in the field wanted to kill each other, the trading volume rose rapidly, and the war was burning!
Zhong Shi, who had withdrawn from the game, was also woken up, he looked at the numbers that kept flashing on the screen, patted his chest in fear, and turned back to ask Andrew: "How are the options of the Nippon Foundation now?" ”
"Sir, what is the exchange rate of the options offered by the Japanese consortium now?"
Zhong Shi's eyes narrowed slightly, revealing an imperceptible essence.
"The Japanese consortium is now on the rise, has crossed the 190 mark, and the option premium has also dropped sharply, it seems that the Japanese are really confident in their exchange rate!"
Andrew opened his mouth to report, and he also understood that it must be the Japanese consortium that entered in a big way to suppress the momentum of the yen's rapid appreciation brought about by the news the day before yesterday.
"I don't know if I'm alive or dead, buy it with all my might! Build a position of $500 million and let them know how good the Yankees are! ”
Zhong Shi's face was straight, and he gave an order.
His words made Andrew is startled, and then a wave of pride filled Andrew's chest, yes, who would dare to compete with the United States in this shijie, even if it is Japan.
In a minute at the end of the market, Zhong Shi's desired position was finally established, and it cost him 80 million Hong Kong dollars. Coupled with the money he had previously obtained from the futures market, Zhong Shi now owes Liao Chengde 20 million Hong Kong dollars.
"Don't pay back the 20 million to the bank for the time being, anyway, there are still two years to go. Lao Liao, what are your plans? ”
Zhong Shi wiped the sweat from his forehead and asked Liao Chengde casually. (I hope you will support a lot, ask for recommendations, ask for collections, xiexie!) )
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