On October 21, Zhongshi began to quietly absorb long copper futures contracts in the market, and also bought long options for November in the copper futures options market.

Although he made a lot of money in the copper futures market in the first half of the year, Zhong Shi later found that there were many luck factors in his long that time. The first is that the position is too heavy, and if you are not careful, you will become the target of public criticism; The second is that the number of hands operated is too large, and the number of hands bought or closed each time is more than 500 hands, which will easily cause violent fluctuations in market prices. Fortunately, there were several financially strong bulls in the market at the same time during that time, and he was able to get out of Zuihou.

This time, Zhongshi wants to operate the options and copper futures contracts together, and the two sides are horns of each other, pulling up the price of copper again. In terms of options, there is no need to find another broker, because Brian's brokerage company has access to options contracts, which saves him a lot of thought.

"Copper futures opened at $2,560, the November call option was $120 each, and the strike price was $2,650." Brian is professional and quick to quote real-time prices in the market.

"$120?" Zhong Shi was stunned for a moment, and then reacted, this price can not be said to be high, but it is not low, because the price of the option contract is related to the inherent volatility, in the past two or three months, the price of copper has not fluctuated much, so this price is also quite reasonable.

"Open 20 long futures contracts, main contract, $2,545. Buy 15 contracts on the option side. November. Zhong Shi thought about it and decided to see where the market was going first. These contracts will not have an impact on the copper futures market and are unlikely to be traded even in the short term.

Brian here was stunned, he never expected that Zhong Shi's operation this time would be so "cautious", you must know that this Mr. Zhong was often hundreds of contracts before. After being stunned for a while, he still put the quotation on the trading platform.

Because of the sharp rise in the first three trading days, the sky has to exert force to suppress the momentum of copper futures, which is also the reason for the lower price in the other two markets. However, some bears in the market did not agree with this opening price. They started to rush upwards soon after the market opened. Copper futures prices started to rise from $2,560 and soon reached the $2,570 level. However, here the bears set up a lot of defense, and the bulls, lacking support, quickly understood the intentions of the bears and began to close a large number of positions in this position after several weak upward attacks. The trading volume also showed an upward momentum.

Waited for a long time. No other offers were received. Brian had no choice but to dial Zhong Shi's phone and said curtly, "Mr. Zhong, is it better to raise the offer a little?" The current copper price is around $2,570. The price of 2545 is simply not possible. ”

"Let's wait!" Zhong Shi looked at the trend of the computer and also found this situation. He found that although the moving average supported the upward attack of copper prices, in fact, copper prices did not break through for half a day, but fell below the 10-day moving average, which made him feel at the bottom. Seeing Zhongshi so insistent, Brian couldn't say anything, so he could only pray that the price of copper could quickly fall to the level of $2,545, so that he could get a commission.

God heard his news on this day, and soon the copper price began to fall from the $2,570 position, and the bears began to attack the camp step by step after stopping the bulls' tentative upward attack, and the copper price soon fell back to the opening price of $2,560, and it didn't take long for this price to be broken, and then $2,550, at this price the bulls resisted slightly, but the strength was not very large, and the price was also declared lost at the close of the morning.

The time was in the afternoon and the trading continued, and the price of copper futures reached 2545, and Zhongshi's 20 contracts were quickly matched. Brian was still waiting for Zhong Shi to continue the operation, but after half a day, there was still no news, he thought that the day was over, but Zhong Shi's phone called again: "Market price, 1000 lots." ”

Zhong Shi is now more and more patient, after seeing the bears attack the camp step by step, he knows that whenever the bears attack an integer point, they will put some empty orders in the corresponding position, although they are hanging, but once the bulls suddenly exert force, these short orders can give them a part of the buffer time.

The immediate copper futures price has reached $2,535, has reached the closing price of the previous trading day, this price has completely wiped out the efforts of the bulls on the previous trading day, if the bulls do not exert their strength, then yesterday's trading volume of nearly 100,000 hands will be in vain.

Thinking of this, Zhong Shi hurriedly called Brian, and it was a market order of 1,000 lots at a time.

Brian, who finally waited for a large order, was in good spirits, and then picked up the phone and began to match in the market: "1000 lots, $2535, long position...... haode, bought them all...... What, not enough, 2536...... 2537……”

Under the support of 1,000 buy orders, the price of copper futures was re-supported on the $2,550 position, but then the bulls' offensive disappeared, and to this position began to be some small lots in the transaction, and the bulls disappeared after pulling up more than 10 prices, so that the copper futures price that had just improved was exposed to the bears' firepower again.

"Buy 50 lots, $2,550." When all 1,000 lots were traded, Zhong Shi waited for a while before opening a new position again. The reason why he only opened 50 hands was that he didn't want the bears to mistakenly think that he was the main force pulling up copper, and he didn't want the price of copper to fall too much, so he opened such a lot without pain.

Even if it is only 50 lots, the margin has reached an amount of nearly 500,000 US dollars, which is also a lot of money in the eyes of ordinary followers, and the price of copper futures has been pushed up by two levels, and the immediate price has reached 2,552 US dollars.

Brian was already stunned, and he was stunned at first by Zhong Shi's sudden large and sudden small amount. Then I was puzzled, and until now I am completely speechless.

Copper prices to $2,552 began to stagnate, after five or six minutes there is still not much fluctuation, the bears have understood, just now the pull up may be a bluff of the bulls, they waited for five minutes and found that the volume of copper futures is still not much changed, and then opened thousands of short positions.

At present, small investors who frequently operate in the market have the ability to eat such a large number of contracts, and the long buy orders and short turnover orders at the 2550 position were swept away at a rapid speed, and then the copper price fell straight to Xiangxia, breaking through $2540 and $2530 in one fell swoop. Straight to the lowest price of the day of $2,527.

The reason why it is the lowest. It was because Zhong Shi entered the market again, and he saw that the price of copper futures fell to $2,535, and he had already instructed Brian to open a defensive order of 500 lots at $2,530. However, because of the decline, it triggered a follow-up market. The lot size of the bears has been intercepted by the above price. The $2,530 level is far from being something that a mere 500 lots can block. Therefore, the price of copper futures still broke through $2,530.

"1000 hands! Market price! Pull it up! Zhong Shi, who was a little angry, couldn't help but feel a little upset when he saw that the trend of copper futures was not as he expected, so he forcefully ordered Brian to open a large number of lots.

Hear Zhong Shi's order. Brian is a joy, and he doesn't talk nonsense, and he quickly matches in the market.

Two successive buy orders totaling 1,500 hands were put on the market, and finally stopped the downward trend of copper futures, and the price was firmly fixed at $2,527, and then the price of copper began to rise, first quickly swept away the gap and long swap at the $2,530 position, and then went up to $2,540, and the number of hands entrusted at this position has been almost consumed, and finally the price stayed at $2,545.

The two consecutive attacks of the bears ended at around $2,545, which made them realize that for whatever reason, the bulls' funds could only hold up here. This price allows them to see the possibility of continuing to suppress, in the subsequent trading hours, a succession of hundreds of short orders thrown to the market again, but every time the copper price is suppressed to $2540, in the range of $2530 will encounter strong resistance, after a few back and forth, the bears will no longer continue, but began to close at $2530 to $2539, as a result, this liquidation behavior immediately triggered a bullish rebound, and the price of copper futures also slowly rose to $2540.

The bears are very depressed, although they did not do their best, but they also know that under the support of fundamentals, the further down the pressure period, the greater the rebound in copper prices, because there are countless people waiting to take over and open positions at a low level, this behavior will do them all kinds of harm in the future.

However, what they didn't expect was that today's market that fell to a price level and rebounded was completely a situation formed by Zhongshi for the options market, because once the price fell, the price of call options would fall, and the price of short options would rise, which may attract bearish investors to buy, and it is also conducive to the opening of more bullish options.

However, Zhong Shi can not let the price of copper futures fall too much, if the main force of the bulls is allowed to enter, the price of copper futures is bound to rebound strongly, and then his efforts will be in vain, and it will cost a lot of money to absorb the bottom position and options.

In terms of copper futures, Zhong Shi eventually closed some small positions and continued to retain a long position of 2,000 lots, which was concentrated in November, and he intends to pull up copper futures prices again.

In terms of options, due to the decline in the market on this day, the price of copper long options also fell slightly, and Zhongshi bought a total of 1,243 options, with an average price of $117 per option, and spent about $150,000 in total. This amount of money was offset by the profit from some of the positions he closed, that is, Zhong Shi's operation on this day was only filling in thousands of options contracts out of thin air.

In the end, the price of this day stayed at $2,544, down $33 all day, and the number of trading lots was close to 70,000 lots, most of which were closed by the bullish positions of the previous day, and the main bulls did not show up, it is obvious that they have no intention of closing the position, that is, they are not satisfied with the current copper price.

Jong Seok bought a direct flight to London, his sophomore year had ended in early October, and after hastily packing his bags, he would meet up with Andrew and others to make another show in the copper futures market. (To be continued......)

PS: Thank you for the two monthly passes of the Demon Dragon Fighting Ghost! Thanks for the tip that made me think about it! I hope more book friends can support this book, xiexie~