Chapter 453 – Change
Yeouido.
The stock market atmosphere is barely reviving.
“As the Nasdaq maintains an upward trend, the global stock market is generally in a good mood. The most important factor seems to be that the impact of Corona is judged to be limited.”
The atmosphere in the stock market is very good.
Whatever you buy, it goes up as time passes.
You should benefit from such an uptrend.
If it were a normal situation.
“If the trend is set like that…”
“It would be good to at least rule out the pessimistic outlook.”
Good in many ways
The stocks you have are rising, and the market itself is being activated.
The brokerage firm’s largest profit.
It is not the arbitrage of stocks and futures.
These are fees paid by investors.
Whoa~
Tok, tok, tok
Originally, it is the season to have a bonus party.
I can’t possibly do that.
Conference room attendees can’t sit still.
Nervousness is revealed in action.
‘Even if I hadn’t sold short at that time.’
Dong-geon Yoo, director of Ant Investment & Securities, ponders the situation at the time.
That was half a year ago.
Korea-Japan trade dispute.
It was the signal of a stock market crash.
In particular, institutions were troubled.
Because the government is putting pressure on them.
When you say good words, let the state support and relieve the citizens’ anxiety.
“Our management support team is ruling out an additional rise. Foreigners and pension funds are also throwing in the spot, so it is difficult for a trend rise to come out.”
I can’t help but notice
If the interpretation of the securities business is slightly different, it becomes illegal.
I had to buy mustard while crying.
I made a plan to throw the amount and spread it in both directions.
“The outlook is pessimistic?”
“It’s not pessimistic… It’s a decision that takes into consideration the uniqueness of the domestic stock market regardless of the global macro.”
“You’re saying you’re expecting a box office.”
“To put it bluntly, yes.”
There is also enough material.
The fear of a collapse has not gone away, and corporate earnings instability is becoming visible.
Above all, profit and loss.
The 20 billion won call option he bought was a thorn in the eye of all securities companies.
‘I was trying to pull out a thorn.’
At the bottom, the call option was swept away.
You have to rob it once so you can pump the stock market with peace of mind.
“This is Kang Oh-seong, head of the risk management team. We are putting the weight on the upside. Recently, the stock market has had a short-term correction due to overseas epidemic news, but looking at historical cases, the epidemic has never caused a general decline.”
An unpredictable situation happened.
The surprise of the company’s performance has driven the share price.
Close short positions.
Suffered losses on an astronomical scale.
After that, I made up for it thanks to the rising market.
“Our trading team has a slightly different perspective.”
“Did you hear the shotgun?”
“Oh, sir! I am repenting and repenting every day!”
There were also people who didn’t.
Manager Lee Won-yeong of the trading team 3 has a haggard expression on her face.
‘Let’s not go against the trend… , Let’s not go against the trend… , Let’s not go against the trend…’
I couldn’t conquer defeat.
Short position.
Even after the short covering broke out, it was built whenever there was a gap.
He couldn’t let go of his lingering feelings.
In stocks, such obstinacy usually leads to poor results.
“It is true that the stock market has risen a lot, so the short volume has increased considerably recently.”
“The ants bought a lot.”
“It’s an inevitability that happens when you’re at the top of the PBR band.”
“There are profit and loss accounts among them.”
“”?!””
Rather, it became the material that burned the stock market.
Shorts are eaten and the stock price rises higher.
Such a mistake.
It’s not just yourself.
It always happens when going from a decline to an uptrend.
“Looks like he’s setting up a short position. No, that’s for sure.”
“Uh…, No way.”
“Is there any hidden bad news now?”
A look at the recent stock market.
The outbreak of an infectious disease called ‘Corona’ brought short-term fear.
‘It’s nothing.’
Historically, it wasn’t a big deal.
Global macros are also in good shape.
It makes sense from a trading point of view.
“If you look at the short futures positions of foreign and domestic institutions, the downside is closed. At least until the futures expiration date, a large correction is not possible.”
“I agree.”
“Our operation support team is also expecting a boxed market for the same reason.”
Futures market.
It is so large that it is incomparable to stock stocks.
It is the big hand that determines the rise and fall of the stock market.
The answer came from there.
‘No matter how much the four of you guys fly and crawl.’
You can’t go against the trend.
No, even if you have a mind to adjust, it disappears.
You dare to hit the short?
Raise the stock price mercilessly to induce short covering.
‘Hmm… , It makes sense.’
Director Yoo Dong-gun is pondering over the comments of the team leaders.
I mean, you have to make a decision.
Each team has a slightly different perspective.
But one thing is common.
“When I put together the opinions of each team leader, it seems that there is no big variable in the stock market in the short term.”
“Yes.”
“There was one wave, but it seems to have passed.”
Bad feelings about profit and loss.
Even though the stock market was in a bull market, they were not even given incentives.
This is your chance to pay it back.
It is not impossible to get back a double of a multiplier.
Do you know why people lose money in gambling houses?
You don’t necessarily lose money by gambling.
On the contrary, there are definitely times when it is daughter.
I hang myself because I have such an experience.
But the more you gamble.
“Nevertheless, there are guys with short bullets who want to shoot.”
“Yes.”
“They are really bad guys.”
“We have to eradicate the devil that makes good investors shed bloody tears.”
In the end, the winner is the gambling house owner.
Even if you win 2x, 4x, and 8x, you only lose once.
‘Can kick is a stock.
Incredible batting average on the P&L.
It is true that it is an existence that cannot be ignored.
It is this stock version that even such legendary people end up committing suicide.
How long can you win and win?
It was time to break that arrogant nose.
Director Yu Dong-gun, as well as his team leaders, are sharpening their knives.
“The profit and loss balance is short?”
“I guess they keep adding positions.”
“Report as a top priority!”
The same goes for other stock exchanges.
It is not one or two places that have suffered massive losses due to short covering.
The floor of Yeouido is narrow.
It spreads widely in the stock market.
The aftermath was enough to shake the stock market.
* * *
Short.
It’s not as easy as you might think, both technically and financially.
‘The principle itself that raises the stock price.’
Catch the shot
In the stock market, there are always people who play short and people who play long.
What if someone hits a short?
There are also cases where they are forced to raise it to catch and eat it.
“I don’t think now is the right time to buy stocks because of… Rather, taking a hedge position while liquidating existing profits seems fine in the mid-term direction.”
The recent stock market is bubbly.
An invisible conflict ensues.
She feels the aftermath with her whole body.
Sora also took a short position.
“Short mind is a drum?”
“It’s not a short shot!”
“Then is it a udder?”
It burns big.
The pain was bound to be worse than when bitten by a long.
‘If you lose together when everyone else loses.’
I will do it.
Everyone else loses, but I may lose a little too.
Short is the opposite.
Everyone else is making money, but you’re losing money alone.
“I heard that the senior also hit a shot? Will the rescue team come soon?”
“No, I was bitten too.”
“…”
It drives people crazy.
I can’t hold on with a dizzy mentality.
‘So short is a belief.’
The larger the short volume, the greater the impact.
Shake it like crazy to get it off.
Knew that
It has grown so big that it can no longer be called an ant.
“I took a shot and thought about it.”
“You should have done it before you were bitten.”
“Oh, really!”
It is being raised to die in the institution.
I am not aware of the reason for this.
‘Because the reason for the rise is sufficient.’
Sora knows now.
The next gift expiration date is more than a month away.
Institutions hold positions.
Sell a put option.
It is a structure in which the stock price does not fall by more than a certain amount.
“But you’re right. If you knew this, wouldn’t you have taken a shot?”
“No.”
“?”
“That’s why there are opportunities.”
What if it could completely control stock prices?
There will not be a single institution that perishes in the world.
‘As much as I have such tight control.’
There is a change on the side of futures buying.
Because people don’t think the stock price will go down.
———————————————+
『KOSPI Volatility Index』
16.29 ▼7.53 (−31.61%)
[Graph that has been going down since half a year ago.Jpg]
+———————————————
The KOSPI volatility index will come down.
In the United States, it can be referred to as the VIX index.
“It’s an opportunity to pick up a put option cheaply.”
“Are you going into options now?!”
“Okay.”
“The risk must be great…”
Buying a put option is undervalued.
The opposite situation unfolded half a year ago.
‘I swept the call option purchase during the Korea-Japan trade dispute.’
It soared to 23.82.
On the contrary, now it is a sideways section going back and forth between 12 and 17.
It has risen a little lately, but it is still in the low range.
Buying a put option is cheap.
“Still, risky is risky. If the trend doesn’t break by the next option expiry date…”
“Only the chest grows bigger.”
“What does it matter!”
Of course, there is no risk involved.
It was not unreasonable for Sora to have a straight face.
Volatility of options.
Because it’s amazing.
It’s perfect for kicking a side stick in an instant.
‘Then I have to be able to withstand the risk.’
An opportunity to change your life will come.
Changes in the stock market are predicted.
Everyone is just turning a blind eye.
Investors have to adapt to it.
“Is Corona really that bad?”
“Okay.”
“The fatality rate is low, and it’s not a serious illness. I heard it’s just a bit severe cold.”
“Did you see it yourself?”
Sora shakes her head.
Public information.
It comes out just by tapping the internet.
‘How many people would even do a direct investigation?’
That’s why it has meaning.
A rational justification for short positions is created.
It is an important process.
In order to obtain different amounts of money in units other than tens or hundreds of billions.
