Chapter 36 S&P 500 Futures

Ryan quickly calculated in his mind: The total value of the options contract two years ago was 95 billion yen, and today it is settled at 136, which is about 700 million U.S. dollars. After deducting the 500 million U.S. dollars in lending, the net income That is 200 million U.S. dollars, equivalent to 1.56 billion Hong Kong dollars.

   "Genius, perfect capital operation!" Ryan rolled his green eyeballs a few times before sincerely admiring. He has been in the capital market for so many years, and he has never seen such an incredible thing.

   "I don't know which gentleman's masterpiece it is?" After a moment of silence, Ryan raised his head and looked eagerly at Zhong Yi in front of him, his eyes full of inquiries. In fact, in his heart, nine out of ten such generous writing came from the young man in front of him.

"If this is the case, this gentleman could have predicted today's situation two years ago, and it is very possible that the yen will rise to 120!" Ryan thought silently in his heart, and he was already considering the situation in his hand. It's time for pen yen release.

   "You guessed right, it's next!" Zhong Yi blushed slightly, and admitted it straight away. Prior to this, Zhong Shi had already told him that if anyone inquired whose handwriting it was, they would talk about him.

  Liao Chengde next to him was a little surprised. He knew the operation of the money well. Although he didn't know why Zhong Yi admitted it, he had no choice but to keep his mouth shut and pretended to be ignorant.

"Mr. Zhong, I don't know what the use of your money is, why not deposit it in our Standard Chartered Bank, I can give you the highest interest rate and the highest VIP service in wealth management!" Ryan is not willing to let go of such an opportunity to please, for such a Big customers are really hard to come by. If the young man in front of him can teach him a few tricks, then his future will be limitless.

   "Cooper, how much is this money?" Liao Chengde originally planned to stay out of the matter, but seeing Ryan's flattering expression, he couldn't help being surprised, and couldn't hold back his curiosity anymore.

"Sheng Liao, don't you know?" Ryan was stunned for a moment. He originally thought that Mr. Zhong and Mr. Liao must be aware of this matter when they came together, but now it seems that this is not the case . He looked at Zhong Yi, saw Zhong Yi nodded, and Ryan, who had received instructions, whispered a number.

   "What? Are you sure? How is this possible?" Liao Chengde was shocked when he heard the news, and asked three consecutive questions. It was not until he saw the calm expression on Zhong Yi's face that he was sure that what Ryan said was true.

"One and a half billion Hong Kong dollars? How much is this?" At this moment, Liao Chengde seemed to be several years old, and his eyes were a little lax. At this moment, in his heart, he must be so regretful that his intestines are green. The 20 million left in Zhongshi's investment portfolio can now be divided into a quarter.

A quarter of 1.5 billion Hong Kong dollars is nearly 400 million Hong Kong dollars. This figure is something that Liao Chengde has not achieved in half his life, but Zhong Shi has easily reached much more than this figure in just two years. wealth.

Seeing that Liao Chengde's situation was not right, Zhong Yi and Ryan quickly helped him to sit down. After a while of beating his shoulders and touching his chest, Liao Chengde let out a long breath and sighed regretfully: "This is fate! This is life." Fate!"

   "Sheng Liao, you don't need to express your emotions, there will be plenty of opportunities in the future!" Zhong Yi persuaded in a low voice. For this Mr. Liao, he undoubtedly has a good impression. If it were not for the initial capital given by this Mr. Liao, the members of the Zhong family are still living in a state of food and clothing.

   "What? There is still a chance? Zhong Sheng didn't abandon me?" Liao Chengde, who came back to his senses, held Zhong Yi's hand tightly and asked hurriedly. The "Zhong Sheng" he said naturally refers to Zhong Shi, but from Ryan's ears, it obviously refers to the young man named Zhong Yi in front of him.

   "Of course!" Zhong Yi pulled out his clenched hand and shook it quietly. This Mr. Liao looked not young, but his wrist strength was so amazing that Zhong Yi's hand hurt.

   "That's good, that's good!" Liao Chengde murmured to himself, feeling a sense of tiredness in his heart, which made him drowsy. When people are in great sorrow and joy, their own energy is exhausted, and such symptoms will appear.

"Old Zhao, you **** Mr. Liao to rest. Mr. Cooper, do you have a rest room here? I think Mr. Liao needs to sleep for a while, and I will go through the formalities with you!" Zhong Yi called to guard outside the door Zhao Xingyun said to Ryan with a little apology.

   "It's natural, you come with me!" Ryan said respectfully. He called a low-level employee, and together they sent Liao Chengde to the lounge, and then went to the VIP room with Zhong Yi.

  ...

  RB Tokyo, in the foreign exchange trading department of Sakura Bank, a short, ordinary-looking young man was staring at the screen in front of him, wondering what he was thinking. His name is Taro Sakata, and he is a junior supervisor in the foreign exchange trading department of Sakura Bank.

  Two years ago, it was his bold suggestion that allowed Sakura Bank to boldly raise the price of options in the US options market to 190 or even higher, scaring away a large number of speculators who wanted to hedge. However, he was unlucky. When he met Zhong Shi, a reborn person, he didn't care what the agreed price was, and went all out. This stock of funds made Taro Sakata very nervous for a while, for fear that there would be followers behind him. Fortunately, Zhongshi didn't have much funds at that time, and only bought a measly $500 million in options.

In the foreign exchange market, in addition to the central banks of various countries, there are also commercial banks and large export-oriented enterprises. The daily capital transactions are calculated in hundreds of millions of dollars. The option premium of Zhongshi is not seen by RB people. .

However, with the passage of time, the exchange rate of the yen against the US dollar continued to rise. When it crossed the 190 mark, Zhongshi's unexecuted option became particularly conspicuous. Everyone knew that this must be Will be executed, just don't know when.

As the delivery date is approaching, the value of the yen is also gradually rising. Sakata Taro is calculating how much money this option can make every day, and he is constantly praying in his heart, hoping that the client on the other end will forget about this transaction. Although that possibility is slim.

On this day, before he recovered from his cranky state, he saw a sum suddenly displayed on the screen, which was an order for option execution. Soon after, he called from the United States on the other side of the ocean to inform The option issued by Sakura Bank was chosen to be executed, and the principal has been deposited into the relevant account.

   "Bage!" Sakata Taro cursed angrily, and then reported the matter to his supervisor. This was a transaction beyond his authority. Such a waste of tens of billions of yen made Sakata Taro and the entire Sakura Bank very unwilling.

   "Asano-kun, can you find out the other party's information?" Sakata said to a wretched young man wearing deep myopia glasses. This person is a computer programmer at Sakura Bank. He returned from studying in the United States. He is very proficient in computers and networks. He can often do some incredible things, which is equivalent to a "hacker" in later generations.

  After typing a lot on the keyboard, Asano Hoshishi shook his head at Sakata Taro, and said helplessly: "Chicago's firewall is too advanced. I can't break it. I can only find a way through relationships."

   After going through some public relations, Taro Sakata finally knew that the funds came from Hong Kong, but it is not known who exactly. "Unless you don't show up again, I will definitely tear you to pieces!" Sakata Taro said fiercely. He naturally dared to say such big things about traders with massive financial support, just like the "London Whale" of later generations.

  The reason why Sakata Taro hates Zhongshi so much is because his previous whimsical ideas were ruthlessly crushed by Zhongshi, which in turn affected his promotion. But who would have thought at that time that the yen would appreciate so much!

   But soon, they will meet again in the S&P 500 futures market.

  ...

After putting all the US$198 million into the futures company's account, Zhong Yi ordered: "Every Friday, when you open a short position on the S&P 500, you must be careful, so that no one can detect any abnormalities. The money will be released as soon as possible. Put them all into the short market before October, and keep a certain maintenance margin.”

  Andrew nodded sternly.

The S&P 500 is an index selected from 500 listed stocks in the United States and designated by Standard & Poor's. Compared with the Dow Jones Industrial Index, the S&P 500 Index has a wide sampling range, strong representativeness, high accuracy, and good continuity. It is generally considered to be an index suitable for futures contracts.

Many professionals often choose the S&P 500 instead of the Dow Jones Industrial Index when choosing the benchmark for their products. If a fund does not outperform the S&P 500 within a certain period of time, then the fund will be in big trouble .

The S&P 500 index futures is a price calculated by multiplying US$250 by the index futures. On March 23, 1987, the S&P 500 officially crossed the 300-point mark, and the value of each contract was about seven About 80,000 U.S. dollars, including the deposit, it is only 5,000 to 6,000 U.S. dollars per lot.

  If you like to invest this money in the index futures market at once, it will definitely cause an uproar, which is why Zhong Shi asked to build positions gradually.

  However, what Zhong Shi didn't expect was that as the position got bigger and bigger, his plan was also being targeted by people with serious intentions, including the RB consortium that had been folded into his hands before.

  In the next few months, Zhong Shi, Zhong Yi and others will compete with the RB consortium on the multi-month contracts of the S&P 500 until October 19th. (I hope more book lovers will pay more attention, your support is my strength, please click, please recommend, please collect)

  (end of this chapter)