"KH is willing to take on the project of 200 million, and other investment banks have also expressed interest to a greater or lesser extent."
Fox said with some anxiety: "The contract is too big. ” "All intentions have been reached, our short scale has reached about $2 billion, Ray, this is too exaggerated, this is enough to attract the attention of everyone on Wall Street, the Securities and Exchange Commission and the Banking Regulatory Commission will not sit idly by, we have exceeded the bottom line, we are targeting a Fortune 300 company in the United States."
Leo said with a pout.
The attendees ignored Leo's words, although this guy was persuading between the lines, but the excited and expectant eyes were what are you so excited about, do you still have the integrity of a trading director "If it's a put option, our expenses are actually not much, and the regulators will not block normal trading."
Lei Hao looked at Fox.
"That's the equivalent of pushing the risk to the opponent's side, and it's hard to talk about it."
Fawkes spread his hands.
The buyer of the option only has the power and does not have many obligations, while the seller bears almost all the obligations, even if the probability of a large loss is low, but if the total contract value is too high, no investment bank is willing to undertake this kind of business.
Besides, as a rival of Forest, they want to buy the shares of Ante Energy Group at a suitable price in disguise, not for a mere option premium.
The same principle can be applied to some small and large financial products, and Forest's funds cannot find enough energy in these areas, so it is normal for the leverage to be reduced.
Lei Hao is also helpless, the more put options are sold, the more difficult it is for the buyer to exercise.
For example, if you buy a put option with a contract value of $1 billion, and then the stock falls, you have to make a profit, how can you make a profit?
The answer is to either sell the option or go to the market to buy the stock and sell it to the option seller.
If you go to the market to buy stocks, you buy too much, and it is strange that the stock price does not rise, but in the end it supports the stock price and compresses your profits.
Quantity is a big problem, and short sellers have a natural weakness, that is, if they are not hedging, they do not have enough chips in their hands.
A speculative short seller like Lei Hao has used such a huge amount of money, which must be a lot of problems.
But even so, the market is not willing to supply enough energy, and there is still a lot of work to be done to get this investment done.
"What do they think?"
asked Fox.
Fox silently sighed in his heart and said, "Asking us to release the corresponding call option is the most appropriate thing to do." ” "In other words, we want to make a market unilaterally" Lei Hao felt very wonderful.
Selling a call option and buying a put option take profit in the same direction, but the former determines the maximum gain but does not determine the maximum loss, and the latter determines the maximum loss but does not determine the maximum return.
The Fox group knows that the contract has been almost negotiated, the general tone has been determined, and now is a node that can influence Lei Hao's decision, so everyone will speak freely and say what they want to say at this moment.
Lei Hao also knows this, but after the increase in the amount of funds, which investment plan has no risk Unless he is satisfied with the current development speed, otherwise, there is no difference between reaching out now and reaching out in the future.
Besides, what a rare event it is for a big group to have a problem, and if you want to find the next such opportunity, the devil knows how long you have to wait "According to the original plan, sign a contract with them, and we will build as many positions as we have as many chips," Without too much hesitation, Lei Hao still resolutely spoke: "In terms of funds, first draw from the account established by EI in Forest, and if there are more, make a report, and I will raise them." ” “ok。”
“fe。”
Fox and the others brought up their spirits, but suddenly they didn't know what to say, compared to this project, Forest was nothing in other areas.
As usual, after the meeting, Lei Hao, who led the power of the investment director, had to discuss with Leo and Yarman about the investment field, and they had to determine the distribution of funds and the investment plan of the project.
Other senior executives are starting to do some auxiliary work around the direction of the investment department.
After determining the direction, negotiating standard contracts, and the participation of several institutions, the clients of KH Investment Bank, who had made progress at the beginning, suddenly found themselves with a lot of choices as long as they met the qualifications limited by laws and regulations.
Selling put options and buying call options at the same time, or selling put options directly, or doing some forward price contracts, there are so many tricks and names in the financial circle that people are scared to death.
But no matter what the operation, the direction given by KH Investment Bank to customers is to go long on Ante Energy Group.
If it is an ordinary customer, of course, there is no interest, they are optimistic about a certain stock, they are directly to the secondary market to buy, but the customer who can sign an investment contract with the investment bank, the funds are not 108,000 yuan, they have tens of millions, tens of millions of funds in their hands, and tens of millions of funds are possible.
With such a huge amount of money, the risk of being taught to be a person is relatively high when it enters the stock market to operate a single target, but there is also a violation of the law.
The securities market has always pursued the principle of openness, fairness and justice, and the same is true of the market in the United States.
Therefore, the way of investment banks is to bypass these regulations, such as signing contracts separately and hedging into forward agreements Big money hedging, there will always be a cat Lei Hao's subordinates, where they play a role, you can't do these things alone, but a relatively mature institution can sign a structured contract, and shorting has become a reality.
The direction determined on Friday, Saturday and Sunday is the golden time for the financial circle to meet investors, and the second week begins, after returning to work, the flow of funds and the signing of contracts begin to advance rapidly.
The people of Forest have been withdrawing money from the EI entrustment account, and this part of the funds that have not yet been fully injected into Forest is rapidly being consumed as an investment amount.
It lasted until Tuesday.
Sitting in the office, looking through the documents handed in by Fox, Lei Hao still smelled an unusual smell.
"The source of funds is too concentrated" Looking at the data fed back from the cooperative investment bank, Lei Hao believes that he is not the only one in the forest who has seen this problem
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