Chapter 175 [Are you going to lie down at 3000 points again? (Guaranteed 2/2)]
Tiansheng Capital Headquarters.
At this moment, Qi Wei, who came to Lu Ming's office, reported with uncontrollable excitement: "The U.S. dollar index has reached $100, and the U.S. index options contract we hold has brought a doubled return of +108%!
"
With a profit of more than 32.5 billion US dollars, Qi Wei was so excited that he couldn't describe it in words. He felt great for a while and continued to feel great.
As the U.S. index rises, the premium of option contracts also rises. The exercise price of the option contract held by Tiansheng Capital is 94.2 US dollars, and the current price has reached 101 US dollars. As long as Lu Ming wants to close his hands,
With the contract, you don’t have to worry about no one accepting it.
Because this is almost risk-free arbitrage, the big money in the market likes this. Investors who take over buy the right to this option contract and then exercise this right, they can make a risk-free arbitrage of 7% profit.
Because the biggest risk has been taken by Tiansheng Capital in the past three months.
With this kind of almost profit-for-money deal, it’s no wonder that the royalties have doubled, because even if the royalties have doubled, for investors who take over the deal, excluding the royalties and transaction costs, there will still be ample arbitrage after purchasing the rights and exercising them.
profit.
The most important thing is that there is almost no risk.
Lu Mingyan gave brief and concise instructions: "It's almost done. One-third of the contracts will be closed. In December, the remaining contracts will be gradually closed. The profit-making funds will be waiting for me to arrange."
If one-third of the option contracts are liquidated, there will be more than 20 billion U.S. dollars of liquidity after cashing out, which is approximately 138 billion yuan based on the current exchange rate.
Qi Wei nodded, and after a moment he couldn't help but said: "Mr. Lu, the RMB has depreciated rapidly recently. This trend will break the 7 major psychological defense line. The short selling of overseas speculative capital is very strong. How should we deal with it?"
After experiencing the last foreign exchange war, Qi Wei also understood that Tiansheng Capital is on the side of the country. One of the benchmarks is an iron law, that is, Tiansheng Capital can make profits through offshore RMB, but the premise is
Playing the role of maintaining the equilibrium level of the offshore exchange rate.
The butt cannot be crooked!
In other words, Tiansheng Capital is an independent force that stands on a united front with Yangma, and its opponent is the international short-selling army.
Lu Ming said: "In the field of financial capital, China may be a novice compared to Wall Street, and may not be good at how to play the virtual currency game through finance, but this does not mean that our country has no control over its own sovereign currency.
.”
Qi Wei nodded and said no more.
This is a protracted exchange rate war that has actually lasted for more than a year from the end of last year to now. Nowadays, various international short capitals have made a comeback.
But this time, various international hot money directly participated in the war, and the Federal Reserve provided remote support from behind. The opponent's offensive seemed to be directed at the RMB exchange rate.
But in fact it's definitely not that simple.
What Lu Ming knows is that their real purposes are twofold. One is to defeat the RMB in this currency war, thereby consolidating the hegemony of the US dollar in the world monetary system.
Another reason is to hope that after devaluing the RMB, we can once again repeat the short selling of Southeast Asia in the last century and carry out economic plunder on the local area, intending to take away the economic achievements that the world's second largest economy has worked hard to build over decades.
Pocket it.
In the eyes of the beautiful country, the rabbit on the other side of the ocean was extremely plump, far beyond the size of the original Southeast Asian.
Eating this rabbit can greatly confirm the current artificially high valuation of U.S. stocks. You must know that since the 2008 financial tsunami, the S&P 500 index has now risen to more than 2,200 points after crashing to 666.79.
It has doubled since the bottom.
In order to realize such rapidly inflated valuations, relying solely on the development of Laos and the United States' own companies is obviously illusory. Only by harvesting wealth around the world through the hegemony of the US dollar to realize these valuations can we truly achieve a safe landing.
Otherwise, it will either continue to push up valuations to maintain this game of drumming and passing flowers, or it will collapse again.
Inflated valuations are not supported by fundamentals and will one day explode.
…
In the days that followed, Lu Ming sat at the Tiansheng Capital headquarters in Ningzhou to conduct remote operations, while Qi Wei was responsible for the specific execution level.
Regarding the whereabouts of the liquidity released by the 20 billion options contract that was liquidated, Lu Ming had already made plans in his mind. Just like last time, he was to go long in RMB, and to be long in the long term, including most of the liquidity that would be liquidated later.
After the option contract realizes the profit, continue to increase the position and go long RMB.
How much profit you can make from offshore RMB is secondary. The main thing is to find a reliable place for this capital to live. To put it bluntly, it must be invested again, otherwise Tiansheng Capital’s consolidated performance profit in fiscal year 2016
It will explode. If you just invest 30 billion dollars in US dollar call options, you will make double the profit, which is more than 100 billion yuan.
It is better to reflect it on the company's profit and loss statement, or directly reflect it on the net income statement. Tiansheng Holdings will not be able to suppress it.
Fortunately, the company's stock price is extremely high, and the chips are highly concentrated in the hands of institutions, and the main institutions are Guo Jia team, Tiansheng Holdings can still achieve a high degree of control over the market.
It would be different if the stock price were cheap, and a large amount of irrational funds would pour in, which would be impossible to suppress even if you want to.
…
Time has entered the end of November, and Big A has reached 3300 points for the first time since the flash crash at the beginning of the year.
But it only stayed at this position for one day, and it plunged the next day, Wednesday, November 30. The Shanghai Stock Index reached 3,300 points, which was the consensus of many institutions and markets on this bullish trend.
If the expectation is fulfilled, it can only turn negative and fall.
From a technical perspective, the Shanghai Stock Index has indeed entered a double-top divergence trend, and from a technical analysis perspective, it is time to leave.
When Tiansheng Capital first opened a position in the "Tiansheng 150" investment portfolio, the market rose by nearly 300 points. The expectation for this round of market movements was that Tiansheng Capital added a position in the "Tiansheng 150" investment portfolio for the second time. At that time, the Shanghai Stock Exchange Index
The position is just over 3,000 points. The market benchmarked the previous amplitude, and once it reached 3,300 points, it fulfilled expectations.
But fulfilling the "Tiansheng 150" expectation is only one of the internal factors leading to the decline.
Another key factor that really makes Big A turn short is the external market. To put it bluntly, it is the factor of the depreciation of the offshore RMB exchange rate. It is for this reason that speculative capital in the domestic capital market is flowing out, and after flowing out of the stock market, it will also flow out overseas.
The current foreign exchange reserves were on the verge of falling below the US$3 trillion mark, which shows how serious the phenomenon of capital outflows is.
These profit-seeking and speculative capitals will inevitably try their best to flow out of the country when the depreciation of the RMB is heading towards breaking 7, and then be invested in the international market with the intention of joining up with international speculative capital, thereby through the RMB
Make a fortune from the depreciation.
The continued net outflow of funds in the stock market has almost offset the huge 135 billion capital scale entered by Tiansheng Capital, including the exit of some short-term profit-making funds. It would be strange for Big A not to turn around and swoop in.
3300 points is not stable at all, so we can only continue to play at 3000 points. This time, it means that Big A has been playing at 3000 points for a whole year. Looking at this situation, 3000 points can still be played for several years.
