Chapter 340 [Is it possible for stock index futures to be sniped? 】
Chapter 340 [Is it possible for stock index futures to be sniped? 】
Just as we entered the weekend, on Saturday morning, a big news came out.
The top management's control over real estate targets real estate speculation and speculative home purchases, and a series of measures have been introduced. For example, if house prices are too high and rise too fast, mortgage loans for three or more homes can be suspended. For example, for those who cannot provide local tax certificates or social insurance for more than one year,
Loans are suspended for non-local residents with proof of payment, etc.
This is good news for ordinary people who have a rigid need to buy houses.
However, it is bad news for investors holding real estate stocks and bank stocks. Real estate is one of the weighted sectors of Big A, and bank stocks are the largest weighted sector. These two sectors were affected by bad news during the weekend.
If it cannot bear the pressure, the market index will definitely be dragged down.
Since the implementation of the "4 trillion stimulus plan" two years ago, the property market has started another round of skyrocketing. In recent years, senior officials have introduced a series of policies to curb the rise in housing prices, including measures such as real estate companies now being unable to raise funds in A-share listings.
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However, judging from the actual situation, the actual performance of the property market seems to have gradually fallen into a vicious circle of rising restrictions, and rising restrictions.
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Monday, April 19th.
After the weekend weekend, the A-share market opened with a sharp gap and opened lower. The Shanghai Stock Index directly broke through the 3100 point mark and opened -1.07% lower at 3096.78 points. After the opening, it opened lower and moved lower.
Real estate banking stocks fell across the board, and the two core A-share sectors showed a unilateral decline, which also drove the market all the way down, with almost no decent signs of rebound.
In terms of stock index futures, the opening price of the main contract today also jumped short and opened low, opening at a low of -0.57% at 3396 points. After the opening, it also opened low and fell.
At the same time, Fang Hong also directed the girls in the trading room to continue to open short orders on stock index futures. They had accumulated enough trading experience. During the weekends, Fang Hong also explained to them how to trade stock index futures, including some
Knowledge of terminology.
Terms such as long open, short open, long flat, short flat, long exchange, short exchange, double open, double equal in futures mean what they mean. They are all basic knowledge of futures trading, and they can quickly master it today.
Conduct futures trading.
Regarding the strategy of stock index futures, Fang Hong always uses one operation strategy, short selling, and continuous short selling.
As soon as the market opened, three large orders of 100 lots were placed to calm down the panic. The total position quickly increased to more than 1,000 lots, and one lot of stock index futures was in the millions according to the current market price.
Now it holds more than 1 billion short positions. Given that the current index futures scale is not large, this short position is the largest short position in the market.
After a while, Evelei, a girl who was performing a short-selling operation in the trading room, suddenly stopped her operation, turned to look at Fang Hong and asked: "Brother Hong, will we be sniped by others if we are unilaterally short-selling like this?"
Isn't it very dangerous to be shorted by your opponent? After all, the decline is limited, but the rise is unlimited..."
As the first girl to assist Fang Hong in trading, Evelei is no longer a rookie who knows nothing. In fact, the other girls present are also novices. After all, the people who lead them are countless stock investors.
The worshiped idol God K.
No matter how good they are, when they follow Fang Hong to do transactions, their cognitive level of knowledge and passive acceptance is far beyond what ordinary retail investors can compare with. It is equivalent to standing on the shoulders of giants, and the sights they see are not the vast majority.
Retail investors can see it.
Evelei's worries are not unreasonable. As long as the opponent's financial strength is enough to crush the opponent, in theory, it is possible to ignore the fundamentals and use pure financial strength to force the price to the sky, and continue to force the short squeeze.
Fang was forced to liquidate his position.
For example, in the "Demon Nickel Incident" more than ten years later, the LME nickel price surged to US$55,000/ton for the first time, and finally closed at US$50,300/ton, with a daily increase of +73.97%. By the next day, the trend
Even more extreme, in just three hours after the market opened, the price quickly doubled, reaching an exaggerated increase of +274.4%.
This simply cannot be explained by rational market forces. The so-called futures are more conducive to market discovery of prices, which sounds even more ridiculous.
In fact, the opponent knows the trump card of the short side and knows that the opponent has no delivery ability, so he dares to force the short squeeze, aiming to force the opponent to admit losses and cut off the meat, thus completing a harvest feast in the virtual trading market.
To a certain extent, Fang Hong's current short position also has a similar problem, that is, all smart funds in the current market know that there is and is only one big short position in the current stock index futures.
Although I don’t know the specific identity of the short seller, unless I can get inside information from the exchange, I can only count the number of people with this kind of energy.
However, without access to the internal information of the exchange, we can still judge from the market information only that there is indeed one big short or multiple shorts taking concerted actions.
After Evelei raised the concern that she might be attacked, Fang Hong said with a smile: "Don't be afraid, just sell short as I said. The stock index futures in our mainland market have price limits, and the maximum increase is
It’s only 10 percentage points, and the maximum intraday amplitude is only 20 percentage points. No one is stupid enough to break away from the fundamentals to squeeze short, and that’s it.”
Since the Shanghai and Shenzhen futures indexes have price limits, it is impossible to be short squeezed or liquidated during the day. A situation similar to the "demon nickel incident" cannot happen to the A-share futures index, unless the opponent's market continues to be short squeezed to the daily limit.
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But there is a fatal problem, it takes time.
There are price limits and it takes 8 trading days to double the increase, 12 trading days to double, and 15 trading days to triple.
In the same period, the spot index will fall unilaterally. If the futures index and the current index deviate seriously from each other, changes will occur later. Only a quick decision can complete the harvest. A delay of ten days and a half will undoubtedly leave
Enough time for the opponent to react.
Moreover, as the spot index plummets, the sentiment of the short side will become the party with the absolute advantage. At this time, the short-selling party is undoubtedly going against the trend of the entire market, which will only lead to a dead end.
Fang Hong's current unilateral bearishness is just following the trend, and he doesn't talk about going against the trend to fight the market.
Therefore, anyone who is not a fool cannot snipe him in the Shanghai and Shenzhen Futures Index. On the contrary, the price limit actually protects the party who wants to gather Fang Hong.
If there is no price limit limit and you attack Fang Hong to start a short squeeze, then you have the ability to fight for money. If your opponent dares to support Fang Hong twice, he will definitely dare to chase the short position above double, or even dare to go above ten times if he supports ten times.
Go in after the empty position.
Not enough margin? Cash out all your medium and long-term stock assets to replenish the margin.
Isn't it enough? Then transfer funds from the company's Qunxing Capital and go through the procedures to borrow them. Fang Hong doesn't have many things to mobilize now, but he has a lot of money. He can even mobilize hundreds of billions of real gold and silver liquidity.
There is no pressure either.
There is no telling who is the hunter and who is the prey.
However, it is impossible to happen in actual situations. Even if the North American stock index futures do not have a price limit, it is impossible for the futures index to double or even multiple times within a day. The "Demon Nickel Incident" is just a single futures product.
That corresponds to the index and is the expectation for the entire market. The market index will double or even multiple times within a month? Obviously it is impossible.
Therefore, Fang Hong is not worried about being sniped at all. Someone with such financial strength cannot be so stupid. He is definitely a super benefactor and gives money to people in the entire market.
Just go in and that's it!
But at this moment, the girls were continuing to add short futures orders. Fang Hong also switched to the stock market and looked at the Shanghai Stock Index. Within 15 minutes of the opening, the Shanghai Stock Index had fallen by more than 2 percentage points.
Real estate and banking stocks suffered across the board. Of the more than 1,600 stocks in the two cities, more than 1,500 fell, and no stock reached its daily limit.
However, at around 10:20, the first stock to hit the daily limit appeared in the two cities, and it was Desai Battery. The stock price rushed to 17.84 yuan, an increase of +9.99% and the daily limit was closed.
After the market opened last Friday, Tian Jiayi entered the market and has now made a profit of 13 percentage points. The market value of his position exceeds 10 million, successfully unlocking the achievement of a multi-millionaire.
Fang Hong has begun to deal with the medium and long-term stocks of institutional accounts, such as Oriental Yuhong, which have been cashed and withdrawn. However, Desai Battery still holds the stock. The price of this stock is less than 18 yuan at the daily limit today, and it is expected to see a price of 36 yuan within the year.
Above that, calculated from today’s daily limit price, there is still more than double the expectation.
Naturally, the pattern is the main one, and T operations at the weekly level are performed to control profit retracement.
