Chapter 459 – System Collapse
Direction of the stock market.
[Korea Stock Gallery]
─Are you coming to the 2nd IMF?
─Dome——-Hwang—–Cha
─Current KOSPI situation.Jpg
─KOSPI 2200 is broken
．
．
．
Profit and loss’s statement of conviction was enough to have an impact.
That didn’t mean the beginning of a crash.
─KOSPI 2200 is broken
[KOSPI daily graph.Jpg]
Is this the crash predicted by the P&L?
└No way
└Only 5%? Haha
└ Now is the start
└ I think 2000 is broken
It shakes.
However, considering the rise so far, it is a possible adjustment.
Investors were initially agitated.
Soon, you will think of a low-buying opportunity.
‘It must be so.’
Ant Investment Securities is rolling day and night.
He delays work hours and keeps an eye on the market.
This is because of futures/options positions.
I simply hit long, it is not expressed in one word.
“The first support line is forming at KOSPI 2200. Our derivatives strategy team believes that a rebound will occur based on the weekly option expiration date.”
Derivatives market.
It consists of a complex structure.
In particular, the weight of ‘option selling’ is great.
‘Since there is a large amount of put options sold at 2200, they will try to hold on until the expiration date.’
Options are renewed on a weekly/monthly basis.
Futures expire every three months.
Take short as a short-term option.
It is also possible to eat long as a long-term option.
“The management support team also agrees. If you analyze the selling price, it is highly likely that it will flow that way.”
“The trading team will fully cooperate.”
It is a strategy used by institutions that control the market from a long-term perspective.
We are making that plan.
Agree with the opinion of the Derivatives Strategy Team.
It is put into action with the final approval of Director Dong-Gun Yoo.
─Sell order has been executed!
Sell spot and futures.
Increase the value of the put option purchase.
It briefly broke the 2200 support level.
“Rollover completed successfully!”
“We should aim for a gradual rebound starting tomorrow.”
Can be raised again
The existing call option was carried over to a product due next week.
‘Suddenly, the forces of Hatta are gathering, and I have enough strength to lift them.’
If the pressing force is strong, the rebound is also strong.
Enough to change the existing trend.
Use it.
I was trying to rebuild my position by clearing up call options.
“Nasdaq is not serious!”
“A 4% drop is a bit…, It can’t have an impact on the stock market.”
Trading Team 3 Manager Lee Won-young has 10 years of experience.
He cheats the mayor, but he is confident.
If the strategy office is navigation, he himself is the driver.
If it’s a drift, I’ve broken it enough to score a goal.
‘…’
That’s a bit of a story too.
Nasdaq, the world’s financial center, has completely turned upside down.
It’s not a 1-2% adjustment.
A drop of 4% can’t help but affect Korea across the sea.
“A second support line is forming at KOSPI 2100. Based on the weekly option expiration date, a strong rebound may come out…”
Strategies also need to be re-established.
The first support line is broken and the stock market fluctuates greatly.
That’s how strong the rebound comes.
As the decline continued for more than a week, it was time to get sick.
‘Because the amount supporting the 2nd support line is over 5 trillion.’
The situation is tense.
Even so, director Yoo Dong-gun did not change his expression.
Long long stock market life.
All sorts of things happened.
This kind of thing happens a couple of times a year.
─KOSPI 2100 is broken
[KOSPI daily graph.Jpg]
At this point, you’ve come to the bottom, right?
└I don’t know about the steamed bottom, but it seems like it’s time to put it in
└ㅇㅇ I started buying
└With a low scorer?
└ But did the P&L predict a collapse at this level? …
But that’s it.
In the end, as time passes, the institution is bound to move as it wants.
‘If you’ve gone down this far, you think it’s time to go up.’
Pushes your back
The psychology of ants becomes an opportunity to turn from selling to buying.
That you can control your mind.
This is why market makers have absolute power.
“Last night, the Nasdaq recorded another 4% drop. The commodity market is also unusual. As if predicting a slowdown in demand.”
“…”
You cannot cover the sun with your palms.
From the other side of the Pacific, sheet music is heard every day.
The Korean Times− 「Nasdaq under “Corona” Plunged 4% again… Run around every day」
Fact News− 「US stock market plunged by 4% due to fear of corona… Oil prices plummet on the 4th day
The US stock market is in trouble.
I don’t know if it’s a reasonable level, but this is hard to ignore.
‘No… Still, it’s not long.’
March due date.
The second Thursday of March in 2020 is the 12th.
Less than ten days left.
Until then, you just have to walk sideways.
Then, at the last minute, focus on buying to recapture the support line.
“The 3rd support line is forming in the KOSPI 2000. Based on this strong support line, creating a V-shaped rebound before the futures expiration date…”
Even if you go to Moro, it is enough to go to Seoul.
Even if the world makes no sense, that is the market.
‘Why can’t I cover the sun with my palm?’
I also use a parasol.
At least the body feels that it is not receiving sunlight.
It is possible.
At the director’s office, the stock market moves at will.
This is because there are few market participants.
The reason is that you can fit it roughly.
─Why is the KOSPI holding out when the Nasdaq is falling?
Can anyone explain?
└ Because it didn’t go up
└ While the NASDAQ went to 9700, the KOSPI could not even recover its previous high…
└It needs bubbles to fall out.
└ Thanks to K-quarantine, the whole nation can be relieved of corona ㅇㅇ;
Aren’t you climbing for a reason?
Investor sentiment improves as stock prices rise.
If necessary, cooperation with the media is also possible.
You can easily manipulate the psychology of ants.
“Director.”
“Uh, yes. Report.”
“Last night, the Nasdaq fell 6.5% and oil prices plummeted 24.8%.
“…”
The ants are
The New York stock market is teeming with more whales.
‘No, you guys are in the same situation!’
It wasn’t because director Yoo Dong-gun didn’t know.
The situation in the world stock markets was similar.
Caged form.
Large institutions are firmly supporting the downside by selling put options.
There is nothing to break through.
Such an unprecedented situation is happening.
———————————————+
『WTI futures price』
31.12$ ▼23.40 (−42.92%)
[Graph that the world seems to be destroyed in 2 weeks.Jpg]
+———————————————
Oil prices are an important indicator for determining the economy.
A lot of oil is consumed when the factory is running well.
Vice versa.
No one writes
I don’t think anyone will use it.
It reflects how great the anxiety psychology is.
Futures markets predict future demand.
“I am Kang Oh-seong, the head of the risk management team. To be honest…, I can’t stand it any longer. A further drop in oil prices will inevitably be accompanied by a large-scale short squeeze. In this case, the impact on the stock market… Is an area that cannot be calculated. “
What if that future really strikes?
The risk management team exists to calculate it.
And that’s not all.
The interests of derivatives markets can lead to complex conclusions.
‘…’
This is because of the sale of put options.
The support lines holding up the stock market are counterproductive.
“The longs in crude oil futures will sell their spot and futures to raise cash for put option buyers. Inevitably, there will be an additional crash, which will lead to the liquidation of other longs…”
Falling down like dominoes
What if it happens all over the world simultaneously?
Gulp!
It was truly an abyss.
It is equivalent to the 1997 foreign exchange crisis.
Goosebumps run down your spine.
The phrase Son Ik-jwa showed me clearly comes to mind.
「All investors leave Korea. Right now.」
All investors, leave Korea. Right Now.
I guess I know what that means now.
“And?”
“And…, What?”
“There won’t be a next time! Are you sure you’re looking at me now?”
The same goes for the global market.
The Korean market has no choice but to add.
All stock exchanges.
‘The support line supporting the downside of the stock market is not going to collapse all at once.’
An enormous aftermath is predicted.
No, I’d be happy if it ended like that.
Korea.
It is an export-oriented country.
Raw materials are also almost entirely dependent on imports.
What if exports plummet?
What if you can’t control your income?
Corona has already shut up in front of the nose.
“As with crude oil futures, the situation in the Korean stock market is not unusual. Even if a similar situation occurs…, Honestly, it is not strange at all.”
It is different from hedge funds.
In a securities company, one or two individuals do not decide the direction of fund management.
So an ‘institution’, not an individual.
Numerous teams work together to make the most rational decision.
─Sell order has been executed!
Even if it’s a step late.
That’s why they move busier and try to make up for losses.
“Sell it! Sell it! Sell it all! Sell all the panties!”
“Until the panties?”
“Do panties matter now?!”
Was pressed hard.
It is the structure of the modern capitalist market that makes the reaction stronger.
The safety device relieves the user’s tension.
When it’s solved that much, the embarrassment grows.
Break away from the support line.
That was just the beginning.
Emergency bells are ringing at all securities companies.
─KOSPI 2000 is broken
[KOSPI daily graph.Jpg]
Is this the downturn predicted by the profit and loss account?
└ It seems to fit… I peed
└ Wow, I didn’t know that 15% would drop in 2 weeks.
└ Ohsung Electronics Criterion 5.6
└ You have to live in fear. Even if the earth perishes tomorrow, I will plant an apple tree
Ordinary investors who did not know that were spending their days as usual.
