(In the real stock market, not every bookmaker is a bloodsucking demon, and once, in our market, there was a righteous village that made retail investors' blood boil!) He's real! This chapter is dedicated to the Yizhuang that has disappeared in the stock market! ）

After Ye Zifeng and Luo Qingxue went to the Badaling Great Wall, Luo Qingxue still wanted to visit the Ming Tombs, but Ye Zifeng told her that the Yin Qi of the Ming Tombs was too heavy, and now that she was pregnant, it was best not to go.

Not everything will have a bad result, but there are still taboos, and people must always have a sense of awe.

But after Ye Zifeng and Luo Qingxue came back, they forgot the agreement to go to Panjiayuan with Ye Xiaoxian because of one thing.

On a street next to the courtyard where Ye Zifeng and Luo Qingxue lived, there was a securities business department. On this day, there was a bunch of people around the entrance of the securities business department, and everyone was talking.

It turned out that someone posted a certain stock bar, printed it out, and posted it on the bulletin board.

"Is this true or fake?" Some people will be skeptical when they read it.

"The current dealers are all open-minded people who see money, will they be so kind?" Some people don't believe it at all.

"Put warrants! It's about to expire, and a piece of waste paper is not as good as it, and it will never return to zero! "Someone is disdainful.

"Is this the dealer trapped, thinking of someone to take over!" There are conspiracy theorists who say.

"Routine! The latest routine! "Some people don't believe it if they are killed, there will be Yizhuang in this world.

…………

Although Ye Zifeng and Luo Qingxue have not been involved in the stock market for a while and handed over the investment company to Ma Shiqing to manage, they always pay attention to the dynamics of the stock market.

They didn't expect that there would be a Yoshiro in Kyoto, and this Yoshiro would also post in a well-known stock bar across the country, declaring that it would never return to zero.

This naturally aroused the curiosity of Ye Zifeng and Luo Qingxue!

Warrants refer to securities issued by the issuer of the underlying securities or a third party other than them, and the holder has the right to purchase or sell the underlying securities to the issuer at an agreed price within a specified period or a specific maturity date, or to collect the settlement difference in the form of cash settlement.

The Shanghai and Shenzhen stock exchanges were able to pass the application of the target company and issue and list a large number of call warrants and put warrants.

A call warrant has the right to buy the underlying security from the issuer at an agreed price within a specified term or expiration date, while the put warrant holder has the right to sell the underlying security.

The Hualin put warrant is one of the warrants approved for listing and trading on the Shanghai and Shenzhen stock exchanges.

The Hualin put warrant has five days to expire, after which the warrant holder can exercise or waive his or her rights.

Judging from the existing price of Hualin shares and Hualin put warrants, Hualin put warrants are a piece of waste paper, and the exercise price of Hualin shares and Hualin warrants is seriously inverted, but because the trading method of warrants is different from the trading method of stocks, "T+0" transactions can be carried out, so it has attracted a large number of funds to participate, and short-term customers and ultra-short-term customers frequently enter and exit various warrants.

All kinds of warrants have a large amount of funds to participate in the speculation, individual stocks are good to speculate on the call warrants, if the bearish is to speculate on the put warrants, and the news is vacuum, it will raid a class of warrants and gamble on the news.

The price of some warrants has been high, and even reached the price of the underlying securities, and the speculation of warrant prices is completely detached from fundamentals and headed for madness.

In order to curb this wind of excessive hype, the management has launched unlimited creation initiatives.

This unrestricted creation is to allow public funds to create warrants out of thin air, and theoretically speaking, the relative share of negotiable shares will be infinitely enlarged, and the management hopes to curb the frenzied speculation of warrants through this creation.

But the shortcomings of the system were instantly revealed, and the greedy nature of people was undoubtedly exposed in front of money. Some brokerages and public funds frantically created warrant shares to earn huge profits, like the southern fund, and even tore off the last fig leaf and frantically created hundreds of millions of warrant shares, from which to earn the difference, so that all warrant participants complained, and the warrant price appeared a long return.

According to rumors, these brokerages and funds in the creation of China Southern Airlines warrants, a total of 12.348 billion shares, is 8.82 times the total number of warrants issued, due to the price of the share is extremely diluted, China Southern Airlines warrants from the record high of 2.4 yuan all the way down, the lowest fell to 0.337 yuan, during the period without any rebound, just in this way, these risk-free arbitrageurs, just on the China Southern Airlines warrants have harvested more than 20 billion profits.

Under pressure from all parties, China Southern Airlines warrants walked out of a magnificent "doomsday wheel" market when the exercise expired. But in the end, the price went to zero and became a piece of waste paper

The "doomsday wheel" refers to the crazy speculation of warrants when the warrants are about to expire, regardless of the actual risks of the warrants.

When the China Southern Airlines warrant fell from 2.4 yuan to the lowest 0.337 yuan due to the creation, just as the exercise date was approaching, under the pressure of all parties, those institutions that earned a lot of money from the creation of the China Southern Airlines warrant began to enter, and in just four transactions, the China Southern Airlines warrant soared from 0.337 yuan to 1.4 yuan, a full rise of nearly 5 times. According to later rumors, the "doomsday wheel" of China Southern Airlines warrants was a political task entrusted by the management to those who created institutions, and they did not want China Southern Airlines' warrants to be finally tragically returned to zero on the exercise date.

This is the famous "China Southern Airlines Incident" in the history of Huaxia Securities!

In this context, there are market makers in the stock bar shouted the slogan that the Hualin put warrant will never return to zero, saying that he wants to take out the money he earned on the warrant to protect the disk, I have to say, this is very exciting, and at the same time it is also very eye-catching.

This is compared with those institutions that were created without discipline in the warrants of China Southern Airlines, and the judgment was made at a high level, so that those retail investors who could not do anything about the institutions rushed to tell each other, and their blood boiled.

The great man of chivalry, Yizhuang also!

Someone said in the back!

Since then, the name of Yizhuang has swept the Chinese stock market.

Ye Zifeng and Luo Qingxue saw the post bar posted on the bulletin board, looked at each other and smiled, curious, they all wanted to see this person who was respected as Yizhuang by all retail investors in Huaxia.

"Where do you guess this person will be hiding?"

Girls are curious, and Luo Qingxue is no exception, it was because of curiosity about Ye Zifeng that she got on his thief ship and finally married him.

"If nothing else, he should be in this securities sales department!" Ye Zifeng thought for a while and said.

This person posted in a well-known stock bar, so as long as you pay attention to Hualin put warrants, you will see it, after all, the people who speculate on warrants are only a very small part of the shareholders.

Then this securities business department just posted the content of the stock bar, isn't there no silver here?

In the end, Ye Zifeng and Luo Qingxue both agreed that this person was very likely to be hiding in this securities business department.

For the sake of a piece of waste paper, he shouted the slogan of never returning to zero, and if he really did this, it would be completely impossible to get along with the money.

Is he a fool? Or a wise man?

Ye Zifeng and Luo Qingxue are unpredictable!

So, they decided to go to the sales department to have a look, and in this way, they forgot the agreement with Ye Xiaoxian to go to Panjiayuan.

And at this time, Ye Zifeng's mobile phone rang.

Ye Zifeng looked at the caller ID, it was Ye Xiaoxian's phone.

Previously, they both left each other's phone numbers for ease of contact.

"Brother Ye! Where are you? I've been waiting for you in the courtyard for a long time! Didn't you say okay, go to Panjiayuan today? Ye Xiaoxian said on the phone.

"Go to Panjiayuan? I've forgotten about it! Hearing Ye Xiaoxian's reminder, Ye Zifeng suddenly remembered that he had made an appointment with her to go to Panjiayuan to pick up the leaks.

"It's boring! Promise people, you forgot it! Where exactly are you now? Ye Xiaoxian pouted and said angrily.

"We are in the Fangda Securities Business Department!" Ye Zifeng told Ye Xiaoxian.

"Fangda Securities Business Department? I know, it's not far from here, and I have a securities account there! "I heard that Ye Zifeng was in the securities business department, and Ye Xiaoxian came to the spirit.

She is interested in everything, some time ago, when the Shenzhen and Shanghai stock markets were good, she also opened a securities account, but after the stock was trapped, Ye Xiaoxian let it go, and even forgot about it.

Now, I heard that Ye Zifeng was in the securities business department, which aroused her interest again, and she shouted to come over and let Ye Zifeng wait for her in the business department and not leave.

When Ye Xiaoxian came to the securities business department, she was shocked by the declaration of the securities business department that she would never return to zero.

How could such a thing happen? It's so fun! Where is this Yizhuang? Be sure to see and see what is sacred!

Ye Xiaoxian found Ye Zifeng and Luo Qingxue in the retail hall, and saw that they were sandwiched between a group of uncles and aunts to watch the market.

"Brother Ye, sister-in-law Ye! Let me find it! Ye Xiaoxian said with a big grin.

"Excuse me! Xiaoxian, I forgot what I promised you! Luo Qingxue explained to her.

"It's okay! Maybe it's even more fun here! Ye Xiaoxian said mysteriously.

"More fun?" Luo Qingxue saw her mysterious appearance and asked curiously.

"When you came in, did you see a post on the bulletin board outside the door? O Yizhuang! Rare to see! It turned out that Ye Xiaoxian thought it was funny because of this incident, Ye Zifeng and Luo Qingxue looked at each other and smiled.

"See! Maybe someone is bored and mischievous! Of course, Ye Zifeng was embarrassed to tell her that he also forgot his agreement with Ji Xiaoxian because of the sticker, which aroused his interest.

"I don't think so, you see that he is convincing, it should be more than just talking! I guess......" Ye Xiaoxian looked at the uncles and aunts around her, and stopped talking.

Seeing Ye Xiaoxian pretending to be mysterious, Ye Zifeng couldn't help but smile: "What did you guess?" ”

"I guess this Yizhuang is in this sales department!"

"How do you know?"

"Feeling! Got it? A woman's directness is innate! Ye Xiaoxian said smugly.

"So what?"

"I have an account here, a friend of mine brought me to open an account, she is familiar with the manager here, I asked her to come to the manager, let them find us a big room, we can watch this Yizhuang performance with peace of mind!"

After Ye Xiaoxian finished speaking, she took out the phone, called her friend, and told her about the matter here, but she agreed without saying a word.