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Chapter five hundred and thirty second short

In front of a bowl of braised rice, Elliot could not remove chopsticks.

The method of cutting the braised braised depends on the knife method. If you don’t cut it, you can at least distinguish what you cook. The cut intestines and lung heads are similar to those of different shapes, so where can he continue to eat it?

Chen Qiaoshan didn't have such a concern. In the morning, he would drink some porridge with pickles to nourish his stomach. Now he was hungry. After a few chopsticks, a large bowl of garbled messes went down to a small half, which made the foreigner stunned.

"Don't be polite, I'll call you for you if it's not enough." Chen Qiaoshan instigated Elliot to use his chopsticks, which made this guy very worried.

After all, he couldn't stand the persuasion. Elliot took a few bites with fear. The taste was a bit strange, but it was not what he imagined. His frown finally stretched.

A braised meal made Elliott have a very heavy taste in Yanjing. After dinner, he said, "Chan, this is definitely the most special lunch I have ever had in my life."

Chen Qiaoshan smiled and said, "I'm going anywhere, don't worry. If it's okay at night, I'll take you to have a good time and try fried liver, fried stomach, etc., and there's bean juice tomorrow morning. If you taste all these things, you won't be in vain."

After suffering losses and being deceived, Elliot did not dare to agree casually. Fortunately, it was not difficult to distract the topic. His purpose this time was very clear, just to convince Chen Qiaoshan to make a decision as soon as possible.

In just a few months, oil prices soared by 67%, which no one could have expected. Obviously, Chen Qiaoshan made a bet. Although he entered the game very late, he just seized the opportunity.

It's nothing to be able to buy a large amount of buy rights at the right price. In the futures industry, there are many people who dare to gamble, but they dare to hold it for a long time as oil prices soar, which is a test of the judgment of the market.

During this period, oil prices fluctuated frequently.

For Chen Qiaoshan, a cent rise and fall is related to the gains of tens of thousands of dollars. If anyone else had given him a handover and left the market long ago, even a top trader would not be so calm.

It is already incredible to be able to persevere to this stage. Elliott helped Chen Qiaoshan calculate that based on Friday's market, the floating profit exceeded 13 million US dollars and exceeded 100 million Hong Kong dollars.

Once the rights are exercised, this option transaction is enough to make Chen Qiaoshan famous in the Hong Kong financial industry. The risks still exist, and as oil prices continue to rise, the risks will become higher and higher. If you fail to exercise the rights for one day, you will have to worry one day.

Eliot was interrupted by Chen Qiaoshan as soon as he explained his purpose. "No need to say, I judge that the price of crude oil will be adjusted in the near future. You can prepare for it. At the latest National Day, I will give you news."

Elliot asked, "October 1?"

Chen Qiaoshan scratched his head. National Day is a legal holiday in Hong Kong, but it only has one day.

Now in Hong Kong, the five-day working system has not been implemented. Saturday is not a legal holiday. Although the stock market is closed during the school holiday, office workers also have to go to work, and the holidays in Hong Kong have never been postponed and not adjusted.

When Zhang Yiyi was going to Dengzhou, Chen Qiaoshan had to accompany him no matter what, but the crude oil futures market was not affected by the festival, so there was no need to think that this holiday was destined to be unstoppable.

"Eliot, there are seven days of holidays in China. Before the seventh, I will definitely arrive in Hong Kong. Before that, you have to contact Sumitomo Mitsui. Once the price is right, you may request delivery at any time."

Elliott calculated slightly, and it was enough to wait for ten days to half a month. After all, it was signed as a customer agency agreement, not the main agreement. Chen Qiaoshan insisted on insisting, but he had no choice. However, according to the previous trend, unless a major accident occurs, the demand will plummet, otherwise the oil price will definitely not fall below Chen Qiaoshan's stop loss point within half a month.

"Okay, I will contact Sumitomo Mitsui as soon as possible." Elliot also felt a little emotional when he saw Chen Qiaoshan's calm look. The Japanese lost a lot this time.

"Chen, your transaction yield is amazing. We don't know the specific contract between Mitsui Bank and AVIC Oil, but the bank must have lost money."

"How could it be possible to pay?" Chen Qiaoshan didn't believe in the Japanese, especially Japanese bankers.

Selling a buy right is to pass on the risk. Maybe you still have the intention to make a fortune. Don’t think that the exercise price set by Sumitomo Mitsui will definitely be higher than that of AVIC Oil’s contract. Even if the delivery is completed, there will still be a difference in the middle.

Chen Qiaoshan was also a little proud, and Mitsui Bank might have to let it go this time.

Even though they hold a large amount of buy-in for China AVIC Oil, it is still unknown whether a listed company that is about to break out in crisis can fulfill its contract and how big its debt repayment ability is. Maybe it is difficult to deliver the contract in Chen Qiaoshan's hand, even the hard work fee is not enough.

Elliott didn't think so much about options trading, there was no need to look back and forth, but when he thought of the speculator behind this option, he felt a little sigh and said casually: "I don't know how much loss China AVIC has. The third-quarter financial report should be a rough idea."

Chen Qiaoshan smiled. Oil prices have risen to the sky, and China AVIC Oil has no chance of turning around. Thinking of the Peking University president who was ridiculed as a "real name online and changed his name to become an official", he still has some sympathy. In a year, he lost 550 million US dollars.

Today, AVIC is a well-known company in Asia and is the fourth barrel of oil behind CNPC, Sinopec and CNOOC.

Before the incident, AVIC Singapore Branch was a business legend. In six years, the company's assets increased by more than 800 times and shareholders' investment returns were 5,000 times. It became the fourth largest listed company in Lijiapo. The head of the company also won the title of AVIC King, and even the process of starting the business was written into the textbooks of the National University of Singapore Business School.

Unfortunately, luck is aroused by the fact that this company, which was awarded the "most transparent" listed company in Lijiapo, was selected by the US ATS as the most unique, fastest growing and most efficient oil company in the Asia-Pacific region, and will soon reach the brink of bankruptcy.

However, except for Chen Qiaoshan, no matter how bold a person is, he will not speculate in this regard.

Chen Qiaoshan asked: "Why are you concerned about China AVIC's financial report? Have you bought the stocks of their company?"

"No, I'm considering that if I sell call options not to hedge risks, then AVIC will definitely suffer serious losses. There is a possibility of shorting while the quarterly report has not yet come out." In the end, Elliot himself smiled, which was obviously impossible.

Generally speaking, the quarterly report will be announced in the next month at the end of the quarter. Even if China AVIC really suffers losses, it may not be disclosed in its financial report. You should know that fraud is not a patent for A-shares, both in China and abroad, but some people are blatant and some are just cautious.

Chen Qiaoshan didn't care at first, but when he thought of shorting, he couldn't help but feel shocked.

AVIC Oil suffered a huge loss and was on the verge of bankruptcy. It was reasonable that the stock plummeted. Although the debt restructuring was finally completed, the stock price was definitely not much better than LeTV.

Chen Qiaoshan was in a turmoil. This was obviously an opportunity. It was even much safer than shorting crude oil, but the difficulties were also quite large.

Li Singapore's stock market is small in size and mainly concentrated in commodities, oil services and transportation. As the fourth largest heavyweight stock and the most growing company, AVIC Oil's stocks will inevitably be highly sought after. If you want to short, you may not pay less.

However, the opportunity is right in front of you. Chen Qiaoshan would not let go of such a good opportunity easily.

"Eliot, is it difficult to buy AVIC shares?"

"That's natural. Most of the circulating equity is in the hands of investment banks. At the beginning of listing, it created nearly a hundred times the profits. It also holds some of the interests of Pudong Airport and Hong Kong Airport. Think about it, who is willing to let go?"

"What if I borrow it?" Chen Qiaoshan asked calmly.

"Borrow stocks?" Elliot was a little confused, but he quickly realized that what can borrow stocks do? It's just shorting. Thinking of this, he looked at Chen Qiaoshan with a strange look. In Singapore, AVIC Oil is equivalent to a big blue chip and is the only Chinese stock listed in the Dow Jones Singapore Index. Even COSCO Shipping cannot compare with it.

It is a joke to short a company that monopolizes the import of China's aviation oil.

Elliott was also a little uncertain. He was definitely not as good as Chen Qiaoshan's grasp of the international crude oil market. Although the other party was very young, the financial market was not a place to be ranked according to seniority. He had the ability to eat all sides and had no ability to starve to death. He couldn't help asking: "What are you doing with stocks? Do you really want to do Air Aviation Oil?"

Chen Qiaoshan smiled. He knew that it was almost impossible to short a big blue chip by his own strength. Unless the crisis broke out, he could not convince Elliot to believe it.

Having said that, there is no need for Chen Qiaoshan to convince the other party. To him, Elliot is a financial broker. As a private financial advisor, as long as Chen Qiaoshan needs it, he can use it as a stock broker.

Facing Elliot's inquiry, Chen Qiaoshan neither admitted nor denied it. He also said: "Eliot, there are only two of us here. Tell me the truth, is there a way to borrow AVIC shares?"

There is no doubt that Chen Qiaoshan has the intention of short selling. Elliot was burned out by the outside and the inside. The young man really dared to think about it. He finally made a fortune from the futures market, but before he got the money, he was so wafted. If he continued to develop according to this trend, the money he earned might have to be completely lost.

"Are you sure you're not kidding?" Elliot wanted to confirm again, but he couldn't believe it if he didn't get the exact answer.

Chen Qiaoshan said perfunctorily: "Ask a little, there is no short selling mechanism in the domestic stock market, I just understand it."

Regardless of whether it is true or not, Elliot must have believed it. He sighed and said: "It is not difficult to borrow stocks, especially high-growth weighted stocks like AVIC Oil. Investors generally hold them for a long time. Brokerage companies are willing to lend them. Not only can they earn handling fees, but they also charge interest and dividends. It is basically a business that is stable and profitable."

Chen Qiaoshan thought it seriously and then said seriously: "Eliot, you will go back to Hong Kong today and help me collect relevant information about China AVIC Oil, especially several major investment banks, and consult their quotations for lending."

Elliot stood up in shock. He realized that Chen Qiaoshan was not joking, he really had the intention to short.
Chapter completed!
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