The so-called hedging means how much Li Jin sells and how much he buys.
The two hedges cancel each other out.
But now, the buying position that brought profits every minute the day before has become the deadliest poison.
Five minutes after the market opened, this was already the 28th account that Xu Heng had exploded.
"Son of a bitch!" Xu Heng yelled through gritted teeth.
At this time, Li Mingtang, who rushed over after hearing the news, turned pale.
He sat down on the sofa and suddenly said to Xu Heng: "Master Xu, what should we do? The Dow Jones Index dropped 1,800 points at the opening. Looking at the situation, it is not impossible to drop 3,000 points in one day. What should we do?
?”
"Once it falls below 2,000 points, all our funds will be liquidated, more than 30 billion Hong Kong dollars! Xu Shao!"
"I'm not fucking blind, you don't need to remind me!"
Xu Heng turned his head sharply, stared at Li Mingtang like a Rakshasa who wanted to eat people, and yelled with great boredom.
Xu Heng's emotions were so tense that he finally couldn't hold it any longer.
The trembling hands showed that he was also panicked.
Morrison, who was next to him, put away the cell phone he had just finished calling and walked over with a gloomy look on his face.
"I just communicated with my father. My father is currently meeting at the headquarters to discuss countermeasures. He didn't have time to tell me more. He just warned me to get out immediately. No one can stop this decline."
"Get away!?"
Xu Heng sneered, gritted his teeth and said: "How to get away!?"
"Now the earth is falling apart. We are standing in the center. We can't run away no matter where we go!"
“Margin call!”
Xu Heng roared suddenly, his eyes were red and he shouted crazily: "I don't believe that the U.S. officials and the Federal Reserve will watch the stock market completely collapse. They will definitely rescue the market. I will take a gamble! Give me a margin call,
Cover your position!”
Xu Heng's decision made Li Mingtang feel depressed.
"Here, how much does it cost to add?"
The traders under Xu Heng were indeed professional and calculated the amount in the shortest possible time.
"If we want to ensure that the next position will not be blown up, according to the current decline situation, we will need to add at least about 500 million US dollars."
"Moreover, this is based on the premise that U.S. officials and the Federal Reserve Bank successfully rescued the market before the Dow Jones index fell by 2,500 points."
Hearing this, Li Mingtang turned pale.
"500 million U.S. dollars, that's 4 billion Hong Kong dollars. This, so much money..."
Previously, Li Mingtang had already spent 2 billion Hong Kong dollars on it.
This money was obtained by mortgaging part of the family property shares in his name secretly without telling his family.
Now, just to cover the position requires a large amount of money. Although the 4 billion Hong Kong dollars is the total required funds, he will definitely not need so much if it is allocated to him, but he really can't come up with the money.
Immediately, Li Mingtang looked at Xu Heng with eyes pleading for help, and said: "Young Master Xu, you can't just die without saving me."
Xu Heng glanced at Li Mingtang coldly. Although he wanted to kick this useless thing away, his reason told him that now was definitely not the time to engage in internal strife or even abandon his teammates.
No matter how useless his teammate is, he will still find a way to help him.
"If it's allotted to you, the funds you need to cover your position will be around 700 million Hong Kong dollars. How much money can you come up with?"
Xu Heng's words ignited some hope in Li Mingtang, but then, he turned red with embarrassment and said awkwardly: "I, I can give up to 50 million at most."