China's stock index futures are best known for the CSI 3oo futures index, which has four trading months, the current month, the next month and the next two quarterly months.
That is to say, it is now August, and the stock index market has the August futures, September futures, December futures and March futures, but since the last trading day is the third Friday of this month, the current August contracts are gone, and the market is circulating in September, January, December and March.
The minimum margin is now 15, but futures companies will have different requirements for different customers, some direct 2O, 3O are possible, Thunder has its own futures company, the operation mode is different.
Lei Hao wants to buy futures indexes, then he may lose less than 15 margins, but he can still maintain his position, the reason is that the positions of other funds are replenished, such as borrowing positions from money market funds, paying interest, and temporarily making up his margin positions, which involves complex regulations.
The reason why there is a big turmoil after the accident of the self-operated project is this, if the financial institutions are unwilling to stop the loss, it will affect the entire institution.
But Thunder is now using no money, it can be said that the funds are sufficient, and the liquidation is far away.
Now the Shanghai Stock Exchange Index is hovering around 42oo points, and the CSI 3oo is slightly higher, hesitating at 43oo points.
From the words "long-term optimistic", it can be concluded that the bulls actually occupy a certain fundamental advantage, coupled with the natural disadvantage of the bears, investors in stock index futures actually prefer to enter the market at the right price to hold long contracts.
Thunder is like this, so is Taihe, Lei Hao got the hint from the future information is also the short-term market shock, not high or low, dancing in this narrow area.
But 25th, Friday, Yangcheng.
"Short selling January contracts."
Lei Hao calmly said this decision: "Smooth entry, continue to build positions, and absorb chips quantitatively every day, just at this price, Thunder is bearish in the future." ” In the conference room, Yu Rong and the others almost couldn't believe that these words came out of Lei Hao's mouth, but, after thinking about it carefully, Lei Ting undoubtedly had this kind of strength.
The so-called median shock, that is under the premise that large institutions are not strong, if an institution like Thunder is coerced into the market and suppresses the index, it is a matter of minutes, and everyone has the ability to suppress the index.
But, that was in the absence of an opponent.
It is true that Lei Hao has a high reputation, he said that if he sells short, the phenomenon of funds following will definitely appear, and even if Hanlong, Qingyu and other institutions do not follow with all their might, at least they will maintain a wait-and-see attitude.
Coupled with technical operations, if there is no opponent present, Lei Hao can simply manipulate the stock market "reasonably".
Now that there is Taihe waiting for hedging by the side, it is a bit risky to choose to short, is Thunder sure Everyone thinks about it, and their hearts are slowly getting hot.
"We can hold down the index" Xiang Yongze said leisurely, with a determined look in his eyes: "We can hold down Taihe" "That's right, even if it's short, we can do it down" Zhao Lichen also has blind trust and even worship for Lei Hao.
How to short in the pond of China's financial market, Thunder already has the strength to be worthy of any opponent.
Moreover, at this time, choose a more difficult way to win, when the result comes out, if it is a win, it will definitely be a big victory, if it is a loss, the Thunder will lose money, but the prestige will be less lost.
It's not a good deal, but there are opportunities.
Now that there is a chance and Lei Hao has made a decision again, then Thunder has nothing to hesitate about.
It's just that everyone still doesn't fully understand Lei Hao's position opening rhythm.
Why do you want to quantitatively absorb chips every day, is this too thunderous, is it to attract more hedging orders "IFXX1O, 43oo point, short selling."
After the general direction is determined, the rest is a series of trading plans to formulate, these things are not difficult to say, easy to say, it is actually very complicated, how to deal with the amount of the opponent to press you to open a position, how to deal with the book loss when the position is established and so on, all need to be discussed by the people of Thunder.
According to 43oo points to calculate CSI 3oo stock index futures, the book value of each contract is 1.29 million, and 15 is 190,00035oo, that is to say, to buy a contract, the futures company of Thunder Group must at least lock more than 190,000 capital positions for CICC, and make up for the loss, 3oo per point.
However, for such a thing as stock index futures, the amount of energy is actually close to infinity, because there are many arbitrage orders.
The spot of stock index futures is the stock, and the CSI 3oo is the index of the 3oo stocks of the two cities, you 43oo short selling, when the comprehensive value of the 3oo underlying stocks exceeds this data, the arbitrage order will take your order, and then go to the stock market to sell the corresponding stocks to obtain the profit of the water level.
Therefore, as long as you dare to give the spread, the amount of stock index futures can be almost unlimited, and the spread is called the basis, which is normal within 2.
Seeing that Xiang Yongze and the others had already begun to discuss and make plans, and Yu Rong was also flipping through the documents and preparing a research and analysis report, Lei Hao was also a little excited in his heart.
Others don't know, but Lei Hao knows that the funds he has to face this time are a little weird, so he will use the method of restricting the pace of entry and delaying the timing of the decisive battle to attract funds, anyway, if he doesn't move, the opponent should follow the established rhythm to hedge, and when the time is right, everyone will come out for a decisive battle.
"You guys discuss it first, and I'll have a separate meeting with Lao Tao and Leo first."
Lei Hao commanded, walked out of the conference room, and came to another relatively small conference room, when the technical department staff debugged the equipment and walked out, Tao Liyu and Leo who appeared on the screen began to speak.
"Lei, my plane tomorrow, why don't you let me go to Yangcheng, Hong Kong Island has nothing to do."
Leo said hurriedly, with a deliberately pretended grievance on his face.
"Mr.
Lei, we cut off the funds flowing back to the mainland, but" Tao Liyu said with a look of doubt and expectation on his face: "What's the use of us keeping so many funds?"
"On the mainland side, Thunder will use more customer funds, I think" Lei Hao showed a smile and said: "Short Nikkei 225" Tao Liyu: "" Leo: "" Didn't you say that you should talk about the mainland stock market, boss, you intercept more funds on the Hong Kong Island side, everyone is actually a little psychologically prepared, but shorting Nikkei 225 is a bit too wasteful.
The Japanese stock market is not too much room to fall now, some time ago the dollar appreciated, the Japanese stock market rose slightly, and then due to some problems between Japan and the United States, coupled with its own economic adjustment, the Nikkei 225 cumulative decline has 3, and now it has begun to show signs of recovery.
Shorting is a bit too much.
Okay, Thunder has a lot of money, but isn't the main battlefield a big 6 Why did you run out to snipe Nikkei 225 Even if you already have this strength, is it really good to use two things This is not a trivial matter
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