Chapter 128 126. Isn’t this just short selling?! (On the shelves, please subscribe)

With the consent of his father-in-law and mother-in-law, the big stone in Cao Yang's heart finally fell to the ground.

Unfortunately, he is less than 22 years old now and cannot get a marriage certificate with Pei Siqing.

The two of them can only wait for a few more months.

Pei Songyuan is a superstitious person. Although he is also anxious, he is afraid that his daughter's belly will get bigger and bigger day by day, but he still needs to find a fortune teller to figure out when the good day of marriage will be.

In other words, Cao Yang and Pei Siqing can't do anything now, whether it's a marriage certificate or a wedding banquet.

I can only keep waiting.

Fortunately, after Pei Songyuan was looking for fortune telling, the finalized wedding date was not too far, so he set it to November 11th, just a few days before Cao Yang's birthday.

Although Cao Yang felt that Double 11 was quite unlucky, since it was decided by his father-in-law, he couldn't say anything.

Cao Yang is a staunch materialist. Apart from the fact that rebirth is somewhat unexpected, he does not believe in feudal superstitions and maintains an indifferent attitude.

As long as Pei’s father and mother are happy.

When it comes to marriage, it’s just a joy.

However, if you have the opportunity to enter the e-commerce field in the future, then Cao Yang can completely say how Double 11 came about-

This day was his wedding anniversary.

...

September 3rd is a very important day in Cao Yang's life.

On this day, he not only received the consent of his parents-in-law, but also successfully delivered the bride price and was able to marry Miss Mining, but his 911 short-selling plan could also be implemented.

As early as last week, Bomi's wholly-owned subsidiary registration in Xiangjiang was already completed.

It is very convenient to register a wholly-owned subsidiary in Xiangjiang. It doesn’t even require Cao Yang to be present in person. You only need to provide corresponding information to complete it.

The name of the subsidiary is [Bomie Holdings Co., Ltd.].

Later, Cao Yang completely injected 120 million US dollars from Bomi's parent company, starting his bold stock trading plan.

The parent company injects capital into a wholly-owned subsidiary, and the parent company does not need to pay stamp duty, but the subsidiary needs to pay stamp duty according to the total amount of paid-in capital and capital reserve greater than the original fund that has been decalized, and then reduce the stamp duty by half.

The policies in Xiangjiang are actually relatively free, and are relatively loose for both the market economy and enterprises.

Even if you pay stamp duty, it seems that the 120 million US dollars of capital injection is terrible, but in fact you can't pay much money.

...

Goldman Sachs helped to open an account, and then Liu Zhiping attached great importance to cooperation with Bomi and specially appointed a senior investment manager to help Cao Yang's agent.

That is, the trader.

The agent's name is Xu Hao.

Although he was about ten years older than Cao Yang, he insisted that Cao Yang call him Ahao.

Everything is ready, just wait for the opening.

The opening hours of US stocks are divided into summer and winter time.

Daylight saving time is from March to November, every Monday to Friday, with the opening time from 21:30 Beijing time to 4:00 on the next day, and the trading time is 6 and a half hours, and there is no rest in the middle.

Winter time is from November to March of the following year, and every Monday to Friday, the opening time is 22:30 Beijing time to 5:00 on the next day, and the trading time is 6 and a half hours, and there is no rest in the middle.

After waiting almost 9 o'clock in the evening, Cao Yang became excited.

...

At 9:30 pm, the U.S. stock market opened on time.

Xu Hao called, "Mr. Cao, do you need to buy something? Or should I just need to help you with it? My suggestion here is that you can buy a large high-tech company at the bottom while the Internet bubble bursts.

What do you think?"

Cao Yang had his own ideas. In another week, after the outbreak of 9/11, Nasdaq would not know how badly it would fall.

"Ahao, you bought me $10 million in American Airlines CDS. Can you get it?"

“Hey?!”

Xu Hao was stunned on the other side of the phone.

CDS is the abbreviation of credit default swap, also known as credit default swap, also known as loan default insurance, and is currently the most widely traded over-the-counter credit derivative in the world. Credit default swap is a tradable policy with a floating price, which guarantees the risk of the loan.

CDS uses a simple and vivid example to describe it as—

ABC and three people, A decided that B would be cuckolded, so he found C and hoped that C would draft a CDS. If B’s wife cheated, C would pay compensation to A. If not, A would pay the premium regularly.

According to C, you will evaluate the probability and risk of B's ​​wife cheating by yourself and formulate the compensation fee multiplier.

If B's ​​wife is very conservative and determined to love, then the CDS compensation ratio can be very high.

But if someone just doesn't cheat, then buying CDS is equivalent to paying money to others regularly.

But……

You should know that American Airlines' accident rate is the lowest in the world, and the safety factor of aircraft is also the highest among vehicles. Basically, accidents have been reported.

The airline's stock price has been stable.

So even if the CDS multiplier is very high, buying in this case will be like jumping into the pit in vain.

"Mr. Cao, are you sure you really want to buy it?"

Xu Hao quickly searched. Although ordinary retail investors can't even reach the threshold for CDS, Goldman Sachs is also an internationally renowned large company. Bomi's account amount this time is very sufficient, with a total of 120 million US dollars.

It's already a very big customer.

"Yes, just buy about 10 million US dollars, don't buy too much." Cao Yang instructed.

OK.

Xu Hao did as he did.

Since the boss couldn't think it through and wanted the money to waste, he had no choice.

Anyway, he is just a trader and he gets a commission in the end.

10 million US dollars is actually not much.

In the huge stock market, the kind that can't even make a wave.

"Do you need financing?" Xu Hao continued, "I can apply for some for you, it's still OK at about 3 to 4 times."

Funding allocation is to leverage. For example, if you take 1 million out, others can allocate you 5 million. With leverage, the more stocks and related derivatives you can buy, the more you earn.

Of course, the disadvantage of leverage is that it will be miserable once it falls.

Once the position is liquidated and the loss is greater than the margin in the account, the securities company will forcefully close the position on the account. Generally, if there is no funds in the account and the margin loss is half, it will be forced to close the position.

In short, investment banks will not lose money.

They are just acting as auxiliary tools.

"No need." Cao Yang refused without hesitation.

It’s not that he is afraid of not having enough money, but he is afraid of too much money.

If you invest 10 million US dollars, it will not even make a small wave for the US stock market that is worth trillions of dollars.

However, after adding leverage, when you think of the terrible impact that will occur in the future, it may lead to being targeted by the United States, and it will be difficult to get out of it.

"Isn't that enough to buy the corresponding investment security bonds?" Xu Hao continued to ask.

"No." Cao Yang replied calmly.

“Hey?”

At this moment, Xu Hao was not very calm.

“Isn’t this just short selling?!”
Chapter completed!