There is no doubt about the professionalism of Lu Zhaolin and Cecil, but these are not what Chen Qiaoshan cares about the most.

After all, senior traders are just traders. Whether they are market makers or newly graduated interns, they all do errands that use money to do business, but in the end they are just jobs.

Chen Qiaoshan values ​​professional ability, but he also needs these people to obey enough at critical moments.

Although he has no experience in trading, his grasp of the current market nodes is far better than others. This is Chen Qiaoshan's advantage, and he cannot be compared with market sensitivity and professional experience.

If you seek stability, Chen Qiaoshan can continue to make options.

The crude oil market has never lacked counterparts. Even at present, the total number of call options for US oil WTI is still as high as 100 million barrels, and there has not been any cooling because of oil prices that have continuously broken through highs.

People are ambitious, and Chen Qiaoshan is no exception.

Compared with crude oil futures, the risk of options is undoubtedly much lower. Not only can you lock in losses, but it can also infinitely amplify returns, but there are gains and losses. Compared with futures, options have less leverage advantages, low operability, and relatively low returns.

Nowadays, as long as you are brave enough, your funds can be magnified by 100 to 400 times. You can go between heaven and hell with any fluctuation. However, no one is a fool, and you still need to have basic risk control awareness. Most of the high leverage is concentrated in the foreign exchange market. It was not until 2010 that the United States took the lead in deleveraging, and the leverage ratio dropped. However, even so, it is not comparable to options.

High risk and high return. Since you have enough capital, Chen Qiaoshan did not want to miss this opportunity. He said: "Everyone is busy all day long, but it is to make money. Since you are here, you might as well listen to the situation."

Running thousands of miles is just for wealth. In the capital market, everything has a price, and even currency is no exception, let alone people.

Lu Zhaolin and Cecil exchanged glances, but they didn't say anything anymore.

Chen Qiaoshan glanced at Elliot, who understood and took out two documents and said, "This is a confidentiality agreement. Everyone knows the rules, so I don't need to say more."

No matter what kind of transactions, positions must not be easily exposed. This is basic common sense.

Lu Zhaolin and Cecil were not surprised. They carefully passed the terms of the agreement. Seeing that there was no problem, they then signed the paper.

Elliot took back the signed documents and then began to introduce: "Chen is my client and a UBS customer. You can rest assured that you are. We have prepared 17 million this time."

Cecil, who had been silent, suddenly interrupted, "HKD?"

"USD!" Chen Qiaoshan was a little annoyed. It was obvious that he was underestimated. Now the US dollar is around 7.8 against the Hong Kong dollar, which is nearly 8 times the difference between the two funds, and the amount of funds in and out is far inferior.

Cecil and Lu Zhaolin were both stunned. They are indeed senior traders. The daily working capital is basically above eight digits, but institutional market making and private speculation are different. The former is basically risk of hedging net positions, while the latter is unilateral speculation, and the risk in the middle is not a small part.

Crude oil has risen to a high level in the past twenty years, and the current price fluctuates greatly. At this time, the risk of entering the market is undoubtedly very large. Even if the leverage is controlled at a low level, it takes 2,700 US dollars to hold a position in one hand, and there are nearly 5,500 lots in the entire position, which is not a small number.

Although oil is the king of black gold, in the eyes of people in the industry, no matter how big the plate is, the price is still controlled.

Due to the soaring price, in order to reduce the accusation of high oil prices, Saudi Arabia announced that it would increase production by 2 million barrels a day. Although Saudi Arabia cannot represent OPEC, as the world's largest oil producer, the increase in production is of obvious symbolic significance.

It was under this huge negative news that the oil futures traded on the New York Mercantile Exchange suddenly increased by 77,000 long orders, and oil prices soared, killing a bunch of short sellers, and there were many people who failed speculation.

If you are more extreme and have a lot of courage, and calculated with a hundred times leverage, the cost of this increase in production is only 50 million US dollars, but the gain is huge. Such capital speculation is very common.

Even though they are used to the wind and waves, Cecil and Lu Zhaolin are still quite cautious.

The high risk of unilateral speculation, a huge amount of 17 million yuan, and a young boss, so many conditions are combined together, it is inevitable that people will have doubts.

The task of a trader is not to simply help customers handle transactions, but also to monitor risks and correctly feedback market information.

It is true that you want to make money, but money is not that easy to make. It is necessary to consider market risks.

Cecil asked, "Chan, can you tell me about your plan?"

"It's Chen, not Chan." Chen Qiaoshan smiled and corrected it.

"Sorry." Cecil's face relaxed for a moment, but he didn't agree. He knew why the surnames of these oriental people were so weird.

A small episode made the atmosphere in the venue a little relaxed.

Chen Qiaoshan said: "My plan is very simple. The price of crude oil has soared in the short term and has seriously deviated from the normal track. I think the current market has reached a high level and there is a possibility of returning to normal value in the near future."

"Chen, value investment does not make sense in commodity trade. This is a speculative market and there is no reason." Lu Zhaolin couldn't help but remind him that he actually wanted to complain, and value theory is not worth a penny at all.

When crude oil rose to $40 per barrel, some people commented that the price deviated from its actual value, but so what? It won’t still rise to $54. Most of the crude oil shares are now non-commercial positions. Coupled with the existence of the reverse price difference between futures months, speculation has occupied the absolute main force.

"But oil is just a commodity after all." Chen Qiaoshan found a very bad reason. He ignored the idea of ​​several people and said lightly: "I am not optimistic about the next trend of the market."

Short selling?

Lu Zhaolin and Cecil looked at each other, with a clear look on their faces.

Although the market is still fanatical, the absolute net value of long positions is shrinking. Although the amplitude is not obvious, this is enough to show that market volatility has begun to form.

"As for commissions, each person has a performance commission of 300,000 US dollars plus a 0.5% performance commission, what do you think?" Chen Qiaoshan was too lazy to argue with professionals about the market trend, so he simply offered a price code.

Lu Zhaolin and Cecil looked a little weird, and Elliot also realized that something was wrong, which was completely different from the previous discussions between the two.

When taking private jobs, the fixed commission is generally very low, which is basically equivalent to the signing fee, which is better than nothing. They all rely on performance commissions to make money. Chen Qiaoshan directly did the opposite and raised the fixed commission to a sky-high price, but greatly lowered the commission.

All of them were smart people and soon understood Chen Qiaoshan’s intentions, but he didn’t agree with it.

According to market conditions, it is necessary to achieve a return of more than 20 million US dollars to reach the commission level offered by Chen Qiaoshan. However, the price does not go straight up and down. Unless OPEC suddenly increases production on a large scale, oil prices may plummet. However, this is obviously impossible, because global production capacity has been exhausted and there is no possibility of large-scale production increase. The plunge only exists in theory. It is conceivable how difficult it is to find the right opportunity.

Cecil and Lu Zhaolin couldn't help but look at each other. The boss in front of him was too generous.

Chen Qiaoshan saw everything, and he asked with a smile: "Why, do you have different opinions?"

With a generous guaranteed salary in front of him, Cecil and Lu Zhaolin smiled. No one would refuse such orders without performance pressure.

Cecil stood up and stretched out his hand and said, "Chen, I'm honored to serve you." Lu Zhaolin also stood up immediately.

“Happy cooperation!”

………

The three of them had smiles for a moment, but Cecil and Lu Zhaolin both felt a little complacent, as if they had taken a big advantage.

Chen Qiaoshan smiled the most sincerely, saving a lot of expenses on the commission. How could he be unhappy? Although he was a little petty, earning one more point is one point. After all, the landlord's food was collected every little.
Chapter completed!