Since Elliot is here, of course Chen Qiaoshan cannot let others go back.

In addition to clearing crude oil futures and lending stocks from AVIC Oil, there is another thing that Chen Qiaoshan is very concerned about, which is LME copper.

At the London Metal Exchange annual meeting three days ago, the view that the international market's copper production was expected to be overproduced in 2005 was once again hotly speculated by major institutions, and the LME copper trend continued to plummet without any surprises.

If what we expected is not bad, the National Reserve Bureau will suffer heavy losses in this round of downward market.

According to the historical trajectory, in order to recover the losses, the National Reserve should have already sold a large number of LME copper call options.

If the final news is true, it is understandable to sell call options, but in the face of fake news that was speculated by financial oligarchs, no matter how you look at it, Chen Qiaoshan feels that this is a game.

Of course, the target may not be the National Reserve Bureau.

When buying call options, there will be limited losses and unlimited profits. As the bearish side, there will naturally be limited returns and unlimited losses. Faced with the surge in copper prices next year, the huge losses of the National Reserve will be a foregone conclusion.

It is not only the National Reserve Bank of China that loses. Chen Qiaoshan clearly remembers that the media once revealed that a large domestic non-ferrous metals company sold call options several times the annual copper output. Regardless of whether the transaction is illegal or not, this transaction alone will completely lose the profits in the next few years. In addition, there are also followers in the rat trading.

Chen Qiaoshan would not think about who would participate in the Rat Warehouse, which would be unhappy. I thought, even if I could participate, I would definitely have a deep background and not everyone could easily provoke it.

On the prudent side, Chen Qiaoshan decided not to encounter futures copper on the exchange.

After all, 80% of global copper delivery is concentrated on the London Metal Exchange in the UK. In front of it, international giants like Maxle Metal and Ruifu Futures are facing each other, so Chen Qiaoshan has no pressure. As for how much money it makes, they all rely on their abilities.

Unlike the last crude oil option, LME copper uses two options: American and Asian.

Asian options are similar to European options. You need to wait until the warrant expiration date before you can execute it. Although it is not as flexible as American options, the benefits are obvious and it is easier to choose the time to force a position.

Chen Qiaoshan was thinking of intercepting the truth and did not mind grabbing more points from foreigners. However, unlike crude oil futures, this time he obviously had to be low-key.

He had already explained in advance that Elliott paid attention to the trend of Lme copper and asked about the relevant situation, the British were obviously prepared.

"Chen, are you going to short futures copper?"

International copper prices are similar to crude oil trends. Since last year, they have broken through highs one after another. However, by the end of October, the platform suddenly plunged, setting a record of 10% in a single-day decline, and the downward market continues. Now the crude oil trend is unclear, and switching to Lme copper is a good choice.

Including the National Reserve, there is currently no member of the London Metal Exchange in China, and there is not even a member of the second-level economic clearing. The market maker system adopted by LME's option trading will definitely not be able to participate in it in China. Under such circumstances, there is naturally no need to conceal Eliot.

Chen Qiaoshan cleared his throat and said seriously: "I heard a news that there seems to be Lme copper call option orders on the market. Do you know which market makers are in the hands of?"

With such a big short seller, the market cannot digest it in the first time, especially under the slightest buzz, market makers obviously need to look for risk hedging, which gives them the opportunity to speculate.

LME's market makers are either international metal and mineral giants or multinational banking consortiums. There are only a few in total. If there is no channel, they will naturally not be able to enter, but for UBS, it is not a problem at all.

Elliot then understood Chen Qiaoshan’s plan, but he rarely spoke out for questioning this time.

He has gradually gotten used to Chen Qiaoshan's style of behavior. Even if Lme copper continues to decline, there is still a chance to rise against the trend. Chen Qiaoshan is too betful, and Elliot also wants to see what the ending will be, maybe everything is possible.

…………

The paper has begun to end and is currently in the polishing stage. Chen Qiaoshan can not do much, so he has some free time to send Elliot away.

There must be endless things to do. Now I have earned a lot of money, but I have lost the freedom I used to be.

Yan Xiaoqin has said more than once that he missed the days when he was together all day in his freshman year. Although he didn’t have much money at the beginning, his life was very simple. Unlike now, he made a lot of money. It was rare for the two to have a class together.

Women are emotional animals, and Chen Qiaoshan naturally knows it very well. He doesn't want to make himself too tired, so he gave himself half a day off the next day.

"I'll accompany you to rehearse in the afternoon?" Chen Qiaoshan suggested.

"What? Are you kidding, aren't you?" Yan Xiaoqin was a little surprised when she suddenly heard this.

Chen Qiaoshan has been very busy these days, not only for the paper, but also for the futures market. It is difficult to take care of some of the company's affairs.

Yan Xiaoqin had a wink. Chen Qiaoshan did not hide anything from her, so she naturally saw it.

Even Liu Chang often couldn't find others, so she tried not to disturb him. At first glance, she had to stay with her for a long time, but Yan Xiaoqin was very happy, but she was also a little confused.

Chen Qiaoshan nodded and smiled, "It's very tiring to be busy making money all day long. I'll take time to accompany you today, just take the time to relax."

Yan Xiaoqin glanced at him and said angrily: "You have no place to pass the time in love, right?"

"How can I do it? I mainly want to see your chorus level on the spot." Chen Qiaoshan naturally refused to admit it.

Yan Xiaoqin has an advantage, that is, he will definitely do what he promises.

She mentioned last year that she wanted to participate in the chorus competition at Peking University on the "January 29th" anniversary.

Chen Qiaoshan didn't care much about it at first, but after a year, she really signed up.

Although Yan Xiaoqin had a moderate sense of rhythm, she was still selected into the bass part. She was so happy about it that she attended rehearsals on time every day, which was not ordinary active.

Chen Qiaoshan went to take it twice, but he didn't rehearse with her. Today he had time, so he thought about going to see it together.

Yan Xiaoqin was very happy when she knew Chen Qiaoshan was going. She smiled and planned: "Let's go to Professor Yan's place first. Yan Yan said several times. It's time to see me rehearsal. It's just right that I'll bring her with me today."

The girl Yan Yan likes Yan Xiaoqin very much. Since she got to know each other, she often grows up with her sister Xiaoqin. Sister Xiaoqin is so short that she circulates around Yan Xiaoqin, which is very pleasing.

Especially during this period, Chen Qiaoshan has been bothering Professor Yan a lot because of his busy schedule. The two became frequent visitors to the Yan family courtyard in Jingchun Garden. Two girls, one big and one small, became even more intimate. Chen Qiaoshan naturally had no objection to Yan Xiaoqin's proposal.

Yan Yan had already gone to kindergarten, but it was early after school. At 4:00, the two of them picked up the people from Yan's family.

Knowing that he wanted to take him to see the rehearsal, the little girl happily followed the two out of the yard, and even forgot about the old lady Li's instructions. The old lady was so angry that she even scolded the little girl without conscience. Fortunately, Chen Qiaoshan and Yan Xiaoqin were familiar with each other and had nothing to worry about.

It was still early, so the two of them took the little girl to the west gate for a Western-style meal, and then they walked towards the school.

The little girl of four or five years old was naughty, and Yan Yan didn't want anyone to hug her, so she ran away with her short legs. There were many people outside the West Gate. Yan Xiaoqin was worried that she would get lost, so she naturally watched it very strictly. She held her hands for a moment and didn't dare to let go. Chen Qiaoshan looked at her and felt a little calm and happy. If she had a child in the future, this would be the case.

Just as he was thinking, Yan Yan suddenly stopped and turned to Yan Xiaoqin and said, "Sister Xiaoqin, I seem to be a little hungry."

Yan Xiaoqin was a little surprised. It shouldn't be. She just cut half a portion of steak and half a portion of pasta. The little girl had finished eating it, so why would she be hungry now?

Chen Qiaoshan was also a little curious, "Yanyan, haven't you just finished the meal? Why are you hungry again?"

Yan Yan obviously knew who to look for, so she ignored Chen Qiaoshan and said to Yan Xiaoqin: "Sister Xiaoqin is the kind of hunger that only wants to eat ice cream."
Chapter completed!