Chapter 13 Put Options
AFTER KNOWING THAT CHEN FENG WAS THE FAMOUS FENGCHEN, MESSER NO LONGER UNDERESTIMATED HIM, AND WHAT CHEN FENG SAID WAS BASICALLY SIMILAR TO WHAT HE GUESSED, SO HE COULDN'T HELP ASKING: "THEN WHAT DO YOU THINK ABOUT THE FINANCIAL SITUATION IN THE ASIA-PACIFIC REGION IN THE FUTURE?"
"I think Soros will attack Hong Kong again by late October at the latest, and the target is likely to be Hong Kong's linked exchange rate system. However, I believe that the Hong Kong government will have corresponding countermeasures at that time, and Soros and others will definitely not be able to get any benefits. In January this year, the second largest steel manufacturing company was unable to repay the huge loan, and simply went bankrupt and was accepted by the bank, and in April, the largest brewing company was also in debt and collapsed, and last month, one of the eight major group enterprises, Kia Group, was also unable to repay its debts and became the object of bank assistance...... Therefore, I can boldly predict that this time it is inevitable, and that the value of the won against the dollar should hit a record low within this month. In addition to all the funds that FENGSAI has now, I also want to take out all my deposits in HSBC to convert them into US dollars to join this purchase. Hopefully, you can agree with me on this proposal. ”
Messer warned in all seriousness: "Boss, this is a big gamble, and if things don't go the way you think, you're going to lose badly." ”
Chen Feng said very freely: "Thank you for your advice, but I have already decided." I'm still young, and if I lose this time, I still have a chance to make a comeback, but if I win, again, the huge reward is something I look forward to. ”
Messer looked at Chen Feng quietly, showed admiration, and exclaimed: "Boss, it is really a 'hero out of a teenager', such a pride is incomparable to me." It's better to be young. ”
Chen Feng smiled: "Messer, don't sigh, you are also very young, only in your thirties, just in the prime of life." If you believe me, you will also take out the money this time and work with me, and you will definitely not suffer. ”
Messer spread his hands and said helplessly: "Boss, I'm not as young as you, and I can't make money like you, you made hundreds of millions of dollars in the first book of Harry Potter, even if you lose this time, and then publish a second book, the money will be earned back immediately." But I'm different, last time, I took out three million dollars to set up FENGSAI is almost all my property. This time, I can only agree at most, and take out half of the $1.5 million to gamble with you once. ”
Chen Feng pretended to look at him deeply, and sighed regretfully for him: "Messer, I hope you will be in a month, no, about twenty days later, don't regret it." ”
Messer smiled and said confidently, "I'm never going to regret it. ”
Chen Feng glanced at him meaningfully, stopped talking nonsense with him, and said bluntly: "I hope that now you can take our dollars to buy the Korean won put option in twenty days, can you do it?"
Messer smiled confidently: "No problem!"
"WELL, YOU NOW GO AND USE THE FUNDS IN FENGSAI'S ACCOUNT TO BUY PUT OPTIONS ON THE WON, AND I WILL NOW ASK MY FATHER TO TRANSFER ALL THE FUNDS FROM HIS HSBC BANK ACCOUNT TO FENGSAI'S ACCOUNT. ”
After finishing speaking, Chen Feng sent Messer to run errands, and then Chen Feng explained the situation to his father Chen Dayong, hoping to withdraw all the money in his HSBC bank account for "investment".
Just now, Chen Dayong has been watching the conversation between his son and Messer, and he is very proud and admires his son's English level, and at the same time, he sees that Messer behaves and talks very well, and he has also changed his opinion of this "Dr. Bear". But now he heard his son say that he would take out all the money and hand it over to this foreigner to buy a put option on Korean won, which is hundreds of millions, and it is all his son's belongings, and he thought that his son was encouraged by this "Dr. Bear", so he couldn't help but be so angry that he wanted to settle accounts with him on the spot.
After Chen Feng explained for a long time, he had to break up Cai Shuqing, and once again used dreaming as an excuse to make Chen Dayong stop.
A few years ago, the trip to Shanghai, but Chen Dayong still remembered it vividly, and then he did not have the idea of moving the stock market again to "circle money", but his son did not dream for several years, and he also felt that the money came a little "empty", coupled with the big bear market after that, he slowly lost the speculative mind. Now when I heard it, my son dreamed of some options similar to the stock market, and it was still making foreigners' money, and he couldn't help but think about it at the moment.
"Son, Dad also has some spare money on hand now, since you dreamed of it, why don't you count it as Dad's share. Chen Dayong looked at his son with some flattery.
Chen Feng thought for a while and said, "Dad, how much money can you use now?" ”
Chen Dayong did a little mental calculation and replied: "I can probably use 10 million." It's a big deal, I'll borrow more from the bank to get back. ”
Chen Feng thought about it, and 10 million yuan was more than 1 million US dollars, which was a little less, but he could earn a little more if he added it, so he nodded and agreed: "Okay, you can just exchange this money together and put it into FENGSAI's company account together." You don't have to borrow money from a bank, and it's too late now. ”
"Okay, I'll go to the branch of the Bank of China to withdraw money and transfer money now. ”
After Chen Dayong finished speaking, he hurriedly went out.
Messer acted very quickly, and after the payment arrived, he bought all the put options on the won 20 days later according to Chen Feng's request.
The group stayed in Hong Kong for a few more days, during which they met barrister Mak Xiangdong and then returned to Shenzhen to take a flight home.
Returning to his new home in Xiuzhou City, because he had no former companions, and Hongye never went home, Chen Feng was very bored. simply asked for the consent of his parents, and returned to Chenjia Village with Zhang Aiguo, the driver and bodyguard, to eat and live at Uncle Chen Dazhi's house.
Chen Dong is already in the second semester of junior high school this year, with average academic performance, and he has always been very playful, it is estimated that he will be choked enough in the middle of the year after the exam, and his family background was originally just average, but the year before last, his father came back after failing to go out to do business and begged to enter the prosperous business department, and now he has been promoted to deputy manager, and the life of the family has been greatly improved, even if he can't be admitted to high school next year, his father will pay for him to continue studying. Chen Xiangqian will be in the fifth grade next semester, but his academic performance is very good, it can be said that after Chen Feng, Chenjiacun is another top student, and now he is already the deputy captain of the school's Young Pioneers, and he will become a regular next semester.
In this way, Chen Feng insisted on exercising in the morning, took a group of older children in the village to play games everywhere in the afternoon, and chatted with Zhang Chaoyang, Ding Lei, Messer, Cai Shuqing and others about some topics of interest through the Internet in the evening, and then worked hard to revise "Harry Potter and the Chamber of Secrets".
Time flies, and on August 23, I sold a put option on the Korean won. Because at that time, a total of almost 300 million hands of won put options were bought, and the price of each put option was $0.0527, which was just to pay more than $15 million in option premiums, and on the 19th, the won fell to an all-time low of 901 to $1, and when it was sold on the 23rd, it fell to 905, so that the value of each option contract was $1.52, with a total value of $456 million, excluding the option premium of more than $15 million, a total profit of more than $440 million, and a profit margin of up to 30 times. made so much money at once, and the excited Chen Feng didn't sleep all night. The facts are in front of him, and while Messer admires Chen Feng's investment vision from the bottom of his heart, he also secretly regrets that if he had invested the remaining $1.5 million, he would not have just made so much. And Chen Dayong shouted excitedly after hearing that his son had made so much money at once, and after he heard that his son had made so much money at once, he was sure that his son was not joking with him. That night, he was also excited with his wife Elaine Chao all night and didn't close his eyes. The millions of yuan he earned in Shanghai at the beginning were really worthless in front of his son's $440 million at this time. What's more, this is still making foreigners' money, which really greatly boosts the morale of our Chinese, and our hearts are also comfortable.
Chen Feng was still a little worried about this financial turmoil before, afraid that his "butterfly" would affect it, but this time the facts showed that in this overall situation, there was not much difference from the history of his previous life, which made him finally let go of the big stone in his heart, and he was even more enthusiastic about speculating and selling foreign currencies in the future. In his previous life, he remembered the history of the Asian financial turmoil very clearly, so he asked Messer to buy all the $440 million to buy the Korean won put option three months later, Messer was convinced of Chen Feng's vision this time, and after a short hesitation, he took out the courage to break the kettle, and he also raised millions of dollars out of his own pocket, just $450 million. If he wins again this time, needless to say, he will return home with a full load and quickly become a billionaire, but if he loses, he will have to go back to 20 years ago overnight and tighten his belt.
This is an unprecedented gamble!
PS: After checking the information for a long time, and calculating it for half a day, the option income should be about this level!