Over-the-counter OTC trading is nothing new. Whether there are individual stock options in the A-share market depends on on-site and over-the-counter options.
The so-called floor options refer to the stock index options announced and listed by the trading room, such as 50ETF options and 300ETF options, as well as other listed commodity options and stock index options.
OTC options generally refer to individual stock options. Currently, there are no officially listed individual stock options in Big A.
However, some brokerages can conduct over-the-counter individual stock option transactions, which is a mode of signing stock option contracts for offline trading. The subject matter of individual stock options only includes the two financial stock subjects with "r", which are generally performance indicators.
Good blue-chip white horse stocks are also the focus of funds.
And Tiansheng Holdings is the target of the two securities stocks with "r", and this stock can also be shorted by securities lending.
"Boss, that's what I want..." Feng Xiaocheng just started to speak, but Lu Ming interrupted him and said: "I know what you want to do, but just think about it and don't touch it. It's not enough for you to stir up small stir-ups or stir up monsters."
play?"
Feng Xiaocheng obviously valued the huge arbitrage model, coupled with the high-leverage nature of OTC options. If a call option is bought and a stock rises by 10%, the call option may double or even multiple times the profit, and regardless of whether it rises
, you can make a profit even if it falls. If it falls, just buy a put option.
There are now a large number of institutions that buy over-the-counter put options to lock in Tiansheng Holdings, and then use the funds they manage to sell Tiansheng's stock price. In addition, the hedging transactions of securities institutions will also have an impact on the stock price. Many factors
The combined forces and resonance have caused Tiansheng's stock price to continue to plummet recently, and at this time, the put options it holds can obtain multiple returns.
"Okay..." Feng Xiaocheng saw that the big boss had directly set the tone and had nothing to say. After a while, he stood up and said, "It's okay, boss. I'll withdraw first."
Just when Feng Xiaocheng walked to the door of the office, Lu Ming turned his head and looked over, reminding him again: "You must remember to report similar issues in the future first. Don't make arbitrary opinions, let alone be Ma Su. I don't want to be Zhuge Liang."
Feng Xiaocheng's heart trembled, and he immediately turned to look at Lu Ming and nodded: "Understood."
Nowadays, those institutions are playing OTC trading on the sidelines. What they call it is OTC trading in a high-level way. To put it simply, it is betting. One party is betting that Tiansheng’s stock will fall. Do you believe it? Do you not believe it? Well, let’s do it together.
Third-party institutions, that is, brokerages, sign stock option contracts offline.
Then we started betting.
And then the next day, Tiansheng Holdings indeed fell, and it fell sharply. If one party wins, the money earned is the money lost by the other party. It is a zero-sum game, because the two parties are betting quietly offline, so
This is called OTC mode.
The losing party was not convinced and started a bet with the other party for the second time because he felt that Tiansheng Holdings was seriously underestimated and would most likely rise. As a result, the stock king still fell, and the losing party lost again.
The old way of playing the game was that institutions would go to the bathhouse to take a bath together and reach a deal by the way. The institution would use the funds at its disposal to buy which stock, and let its relatives and friends buy it in advance. In this way, the relatives and friends would carry the sedan chair, and then they would go out first, and the institution would buy it.
Take the bottom and then take it out, and the money earned is quietly divided together. This is the traditional mouse warehouse game.
This kind of gameplay is almost impossible today. With the current big data from the regulatory authorities, which accounts are linked will be locked soon, and it is impossible to do it unnoticed.
Institutions do not engage in such low-end operations. They are now engaged in OTC transactions. This method cannot be verified and is almost impossible to regulate. The key point is why do securities companies act as middlemen?
Because the securities companies themselves will provide these wealthy people or high-net-worth individuals, the securities companies will provide various customized services to this group.
It's all gambling anyway. If you go to Las Vegas to play, you might as well come to my place. I'll open a deal for you privately as a third-party witness. You can just play here, not Las Vegas.
, and you can also save money on round-trip air tickets.
Moreover, this kind of betting is still legal, not to mention that the institution also has its own information collection channels and its own research and judgment capabilities, so it is still a huge challenge.
As for the securities companies, why not just charge some intermediary fees from inside and outside?
Everyone hit it off immediately, so let’s start trading!
As soon as Feng Xiaocheng left, Lu Ming came to the desk and sat down. He immediately picked up the landline phone and was about to dial, but he immediately stopped and thought for a moment before putting the phone back.
Lu Ming opened the market software and took a look at the recent trend of Tiansheng Holdings. Yesterday's opening price had fallen below the 250,000 yuan mark. Looking at the technical aspects, the platform had already broken down and fell sharply.
"Haha, the traders of this group of institutions are playing wild, crazy and bold..." Lu Ming stared at the stock price trend of his company and said to himself with a smile. Obviously, the traders of such institutions are playing OTC games.
I thought it was safe and the regulators wouldn't be able to catch them.
They have long stopped playing the traditional mouse warehouse game, which is too low-level in modern times. Even if they play OTC mode, they will not show up in person. Instead, they will find an agent to enter the game for them and start zero-sum bets with their opponents.
Let alone normal circumstances, it is really difficult for regulators to catch them by the tail.
But these people made a fatal mistake, that is, they caught a sheep and dug it to death, which was Tiansheng Holdings. But it makes sense to think about it the other way around. This ticket has great chances of winning and great benefits. The key is the people who are willing to play.
That's a lot.
Having more people is the real key. OTC trading is a zero-sum game. The money earned by one party is the meat of the other party. You must have an opponent to cut the leeks.
There may not be so many people interested in other targets, but Tiansheng Holdings is different. The stock king was beaten to make money, so more people participated, and the value potential of the stock king gave opponents the confidence to take action, because the opponent
They also have the ability to study and judge the market, and they also have the ability to collect information, and they know where the value of Tiansheng Capital is, so when it is beaten down, a lot of people are willing to take advantage of it, and there are more people playing, so the size of the capital market is naturally huge.
.
But the problem is that when there are too many people, the movement cannot be small, and it will always be unstoppable.
Lu Ming originally thought of calling Feng Xiaocheng and asking him to sort through the materials he had collected, sort them out, and then send them to the village, so that all the gambling monsters in this group would go straight to Barbie.
But after thinking about it, I gave up this decision and let the gambling monsters blow up the truck. This was almost inevitable, because if someone loses in a hurry, they will definitely hand over the knife, and maybe the village has already discovered it.
There was no need to worry about it. As long as the villagers didn't call, Lu Ming decided to watch the show as a spectator and let the bullets fly for a while.
Lu Ming's own guess was that the relevant parties had already stepped on the other party's tail, because in the past few days when Tiansheng Holdings fell sharply, the market index had been unusually resistant to the decline. It is still running above the 3200 point position, and there are mysterious funds.
Protect the index plate.
In this situation, it is very likely that a trick operation will be carried out. Before closing the network, Guo Jia's team bought Tiansheng Holdings' funds at the bottom, killing two birds with one stone.
Individuals cannot purchase OTC options from the institutions that are currently playing tricks on the sidelines. Therefore, the common practice in the market is to use private equity institutions as a channel, that is, to set up a private equity fund to purchase OTC options. The product can be either an institution or an institution.
If you have your own funds, you can also find other investment institutions to hold them on your behalf.
At this time, in order to make profits on the option side, institutions use the capital authority they manage to achieve the purpose of raising or suppressing the stock price through strategic operations such as buying or selling the underlying stocks.
There is nothing wrong with over-the-counter OTC trading, but doing so is suspected of manipulating the securities market.
And looking at the current trend of Tiansheng Holdings, coupled with such a large market size, it is basically certain that it has reached the standard for criminal filing and prosecution, constituting the crime of manipulating the securities market.
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