On the afternoon of Monday, January 9, Lei Hao originally received future information showing that the price of cotton futures contracts was falling, and the main force was completely transferred to the May contract he held, with a position of 360,000 contracts and a daily trading volume of nearly 100,000 contracts.
Lei Hao believes that it is a downward adjustment, and after the high reaches a few days later, he is ready to reduce about 40,000 contracts within a one-month period, and then wait for the opportunity to make up for it at the low level.
This is a very normal choice, 40,000 hands is 200,000 tons, and the difference of 100 yuan per ton can have a profit margin of 20 million.
After finishing his work in the afternoon, Lei Hao was faced with two future messages with the same time and different content for the first time.
Also in the next month, the price of cotton futures fell first and then rose, not only returning to the price of 10650, but also rising to 10700 while the volume can be amplified.
"The only difference is that the future information behind it points out that Xinfeng is increasing its position."
Looking at the dense data and information on the notebook, Lei Hao felt as if he had seen something interesting.
Turning over today's trading report, it shows that on Monday, January 9, Xinfeng's position has declined, including customer positions, Xinfeng Futures Company's seat originally had 180,000 hands, but in just one day, it fell by about 10,000 hands.
Lei Hao seemed to see a net covering him, and he smelled a smell of conspiracy.
The future has been changed, if you don't know that the price will fall in the future, then what will you do to increase your position should at least be a position.
If you know it, what will be the reaction to reduce your position or invest more money in your position No, if this is a calculation, Xinfeng must know the amount of money he has invested, and he can know that he has not spread everything, then they want to kick themselves out or say that they have bigger moves and more profits "I know the future, I participate in the future, I change the future" Lei Hao felt that his mental state was very excited.
Pressing the phone on the desk, Lei Hao shouted to the other side that answered the phone: "Yingfeng, let Leo, Yu Rong, and Zhao Lichen wait for me in the conference room of the trading department, have a small meeting, and by the way, you will make a copy of all the documents and materials about cotton futures to them." ” Sorting out the documents, he tore off a blank piece of paper from his notebook, Lei Hao listed the information one by one on it, roughly sorted out some things, and then folded the paper and put it in his pocket.
Ten minutes later, Lei Hao left the office, went to the trading department, and pushed open the door of the conference room, and he saw Leo, Yu Rong and Zhao Lichen waiting.
"Mr.
Lei."
"Ray."
"Manager."
"Sit down, let's have a little meeting."
Lei Hao walked to the rostrum, Li Yingfeng had already placed a stack of documents on the cotton futures operation on the table, and turned on the computer that had been disconnected from the network.
"Leo, tell me about the position of cotton futures."
Lei Hao called Leo's name.
"Ours is still everyone's" "All of them."
Lei Hao's eyes lit up.
“ok。”
There was also a bright light in the depths of Leo's eyes, and he said: "Before today's opening, the first cotton futures contract position is Xinfeng, they have 180,000 hands, the second is Taihe, they have 150,000 hands, the third is Zhechang, 140,000 hands, and Qingyu ranks fourth, 110,000 hands."
"After the close just now, in the case of the enlargement of trading volume and the increase in the expectation of negative policy, the price of cotton futures contracts increased slightly, Taihe's position increased by several thousand hands, Xinfeng decreased by 10,000 hands, Zhechang increased by 10,000 hands, and Qingyu remained unchanged."
"Ray, I have a bad premonition."
Leo frowned and said: "It is impossible for Xinfeng to reduce positions, to be precise, it is impossible for most of the market participants to reduce positions in Xinfeng, I can't be sure of these things." ” "Lao Yu, your opinion" Lei Hao nodded and turned his gaze to Yu Rong.
"From a fundamental point of view, cotton futures prices have some room to rise, coupled with the stimulus of policy expectations, it is predicted that it will have a curve of a pullback, but we and Xinfeng's early price increase occupies part of the original strategic area" "I think Xinfeng's action is a bit of a profit reduction, after all, the profits of the futures market have been compressed by us, and the risk has been raised invisibly, and some of their 100,000 positions should be ready to eat up the floating profits."
"We hold too heavy a position, and we continue to reduce our positions at a high level, which is also a choice in line with the investment philosophy and reserves due strength."
Yu Rong gave advice from the perspective of the research department.
This is the difference between the front line and the middle and back office, Leo and Lei Hao can feel something from the beating of the data that Yu Rong can't feel, and Yu Rong tries to keep himself calm and analyze a sane result from the cold information.
It doesn't matter who is right and who is wrong, with Lei Hao's current position and amount of funds, the normal thinking angle must be to reduce positions in a timely manner and wait for changes.
If there are no two completely different futures, Lei Hao's best result is to take a moderate choice, reduce his position at a high level, and try to make up for his position when he waits for a pullback, or wait and see, anyway, he has enough profit on his books.
"Leo, how much money can you withdraw" Lei Hao spread the paper in his pocket on the table, wrote and drew on it, and looked up and asked Leo.
"Tomorrow, 200 million, if it is more, it will affect short-term returns."
"The amount of money injected by employees can be replaced with some of their own funds."
"Then I can add it to 300 million."
"Is Our Secret Account Enough?"
"There are only thirty-four in the futures market."
"Not enough, I want at least fifty, don't use the seats of Qingyu Futures."
"Okay, there can only be thirty-four now, and within a week, I will give you more than fifty, which will be scattered to the trading seats of futures companies other than Qingyu."
"Inject funds into these accounts."
Lei Hao folded the paper on the table, put it back in his pocket, and said with a grim smile: "We transfer Qingyu's positions to these accounts, and at the same time, I think the futures price will start to fall in a few days, and when the time comes, I want you to increase your position."
"No matter how many sell orders, give me the right to eat and I will give you 11,000 yuan per ton" Lei Hao's face was a little hideous, two completely different futures proved one thing: he was calculated.
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It is very likely that Xinfeng also adopted the practice of moving positions, creating an illusion that they were reducing their positions, and then silently absorbed floating chips and also took over Lei Hao's selling.
There may be more, but there's no doubt that there's definitely something wrong with that.
Lei Hao's idea is very simple, I don't care how you want to play, I'm ready to play by myself: