Chapter 971 [Detonate the whole network and explode the pot]
Tuesday, April 21st, early morning.
When the staff of the Yuanyoubao platform woke up and went to work, the products of Yuanyoubao had already been sold out. The negative oil prices and the huge losses of Yuanyoubao had already become a hot search topic, and all the melon-eating netizens on the Internet were paying attention.
This matter.
Data can be found from CME. The short sellers only used less than 10,000 short orders to suppress the oil price to -40 US dollars/barrel. The position contract of Yuanyoubao was executed in accordance with the TAS instructions, that is, at an incredible -37.63
USD/barrel was settled.
At this moment, this settlement statement is being circulated on the Internet. A source oil investor lost all his principal of 3.8846 million yuan, and then owed the bank more than 5.3 million yuan. The total loss reached more than 9 million yuan.
This incident further aroused public opinion.
ICBC, China Construction Bank, etc. all secretly sweated when they saw what was happening. Fortunately, they completed the transfer of positions and exchanged positions on April 15th. Otherwise, they would definitely have been bored and would have been on the hot search list.
He has a place in his own right, and if such a hot search is pushed up, his butt will be burned to pieces.
Now the Yuanyoubao platform and its superior institutions are under tremendous pressure, and what is very embarrassing is that Lu Ming had previously warned of risks and suggested moving positions to a different month as soon as possible, but he didn't pay much attention to it, and then he was bored.
And it is very possible that you can't hold it back, and the whole network knows that someone has given instructions to move the position to the moon, but the result is indifferent, and you perform the magical operation of Crouching Dragon and Phoenix, which will only make you get even worse.
At this moment, all netizens on the Internet are already scolding me.
"I'm fooled every year, but Dangdang is different."
"So, how much money did Yuanyoubao lose this time?"
"Judging from the data currently exposed, if the average opening price is US$20 and 1,000 barrels per lot, the total loss in the final settlement will be as high as US$4 billion, which is equivalent to more than 28 billion soft sister coins. Although we don’t know the final
Yuanyoubao’s position, but if the position is too large, the losses will be more severe."
"I paid a huge amount of tuition this time."
"I have to pay tuition every year, when will I graduate? Is the knowledge too difficult? Or do the men not pay attention?"
"I hope those who like to brag and be arrogant will learn to learn in a down-to-earth manner. There is a sky outside the sky, and there are people outside the world."
"It can't be played normally. The dealers and referees can modify the rules at will. I can only say that it is better to play less with financial secondary derivatives like this."
"Typical human reasons, extremely irresponsible."
"Bitcoin, Yuanyoubao and other old and American tools for cutting leeks are best not to participate."
"What if you don't follow the rules? There is no spirit of contract! If you don't have that diamond, don't take the porcelain job. Is it so easy to win by lying down?"
"Brother Yi, who was so brilliant, was overturned. US$1.16 trillion was seized and frozen by rogues."
"The dealer rules that all referees are decided by the opponent. You can fight with others no matter what. You dare to play with others like this. I admire you!"
"That's so miserable, buddy. I lost all my principal of more than three million yuan and still owe more than five million yuan."
"When others change the rules, they must think of possible risks."
…
As time goes by, the popularity continues to soar, the incident continues to ferment, and now many people are discussing it online.
For Yuanyoubao now, there are only two ways to go.
The first is to provide physical delivery as much as possible. The oil price of -US$37 means that Yuanyoubao can not only get it for free, but also make a profit of US$37 without taking away a barrel.
But the problem is that overseas crude oil short sellers dared to push the price so low. Of course, they had determined in advance that Yuanyoubao would never have the ability to deliver physical goods.
The delivery location of WTI crude oil futures is in the town of Cushing in North America. The delivery mechanism is that the buyer rents an oil tank in the Cushing area or directly extracts crude oil from the Cushing oil tank.
However, due to the impact of the global epidemic, crude oil has been in a situation of oversupply and demand. Even if there is excess storage space in Cushing's crude oil inventory, it has already been leased and booked by other merchants.
When the contract expired in 2005, it was no longer possible for Yuanyoubao to lease inventory, and the road to physical delivery had long been blocked.
And it was completely too late in terms of time.
The moment the WTI crude oil futures price hit negative oil prices, Yuanyoubao actually had only one way out, which was cash delivery at a price of -$37.63/barrel.
If the oil price drops to zero, all the margin deposits in the accounts of Yuanyoubao's customers will be lost, and if the oil price becomes negative, all long-term customers of Yuanyoubao will lose their positions.
Theoretically, you have to continue until you lose money to the bank.
At the same time, today, April 21, ushered in the official settlement of WTI crude oil. When the market opened today, the oil price soared from -37.63 US dollars per barrel to -14 US dollars at the opening, with a sharp increase of +62.79% at the opening, and then soared, and the negative oil price quickly
It rushed above 0 US dollars and closed in positive numbers, and continued to rise, reaching a maximum of 13.86 US dollars per barrel, and the intraday increase expanded to +136.83%. I wonder if you are angry?
All those who watch the show know that this is a financial virtual game, but the money spent is indeed real money.
In the afternoon, just when the whole Internet was devastated by Yuanyoubao's blood loss, a new melon was exposed from somewhere. As early as last week, Lu Ming expressed his opinion to the China Construction Engineering Corporation, Construction Engineering Corporation, and other institutions.
We have raised concerns about the risks of the WTI crude oil May contract and suggested moving positions to another month as soon as possible to avoid risks.
As soon as the news came out, it attracted the attention of all parties.
As the fermentation continued, someone immediately found the crude oil products owned by China Construction Bank, ICBC and other institutions, and found that the work of moving positions and changing months was completed around April 15th, and successfully escaped this disaster.
It seems that this source of information from the Uncle Party, which has not been confirmed by an authoritative organization, is most likely true.
When the melon-eating netizens saw it, they called him a good guy!
It turns out that Brother No. 1 had noticed the signs early, and he was indeed the most hated man on Wall Street.
No one thought that there was such an inside story. Now Yuanyoubao was scolded even more harshly. The first brother even shouted that he was running away, but he didn't run away. It was useless even if he was given a chance!
There are still people in the Mainland who can compete with Wall Street, but it's a pity that Yuanyoubao doesn't want Brother Yi to think about it, but wants to think about it himself, and then he is bored by others.
It's like a sleeping dragon and a phoenix chick.
However, just when everyone spread the news, Lu Ming promptly posted a dynamic message on his personal social media account, directly denying the rumors that last week suggested that institutions such as China Construction Engineering Corporation, China Construction Engineering Corporation, etc. move their positions to another month.
There is no such thing.
At this time, Lu Ming will definitely come out to deny Sanlian, and it is true that he did not break the news secretly, and it was not Wanxiang who broke the news.
It is impossible for Lu Ming to reveal that he did such a thing. After all, it would be too embarrassing for Zhong Xing, and there were only a few people in the video conference at the time. Therefore, if Lu Ming did not come out to deny Sanlian, then Zhong Xing would really think it was
If he rubs salt into the wound at this time, he will get a bad name. Zhong Xing will definitely be very dissatisfied with Lu Ming.
As for who broke the news, Youdao belongs to colleagues rather than enemies.
But not long after, more explosive news came, which successfully diverted the attention of the majority of melon-eating netizens from Yuanyoubao.
At about 15:00 in the afternoon, Wanxiang Group transformed into a handsome boy and suddenly made a brilliant appearance!
At this time, Wanxiang Group suddenly jumped out and shouted: Don't panic, everyone. Although Yuanyoubao has been bored, Wanxiang succeeded in intercepting Hu in advance and did not let Waiguoren harvest the wealth. Wanxiang will cut back the money.
Back!
Surprising or not? Unexpected or not?
According to people familiar with the matter, Wanxiang Group has already leased a batch of oil pipelines in Cushing Town, which has the ability to deliver crude oil.
Just as the outside world was seeking the authenticity of the news, Wanxiang Group suddenly issued a temporary announcement on major matters at around 15:45, stating that the company was currently working with local partners on the transfer of oil pipelines leased in the town of Cushing in North America.
The order is advancing, and 100,000 WTI crude oil May contracts are being processed...
In fact, it has been dealt with a long time ago, and the money has been taken away, leaving only some dispensable follow-up work.
This announcement was actually released to the CME Group and Wall Street.
However, just after this announcement was released, there was a sudden reversal, which further ignited domestic public opinion to an unprecedented level, and netizens all over the Internet exploded.
