The investment era of rebirth

Chapter 185 Perfect Hedging, Extreme Arbitrage!
"Fuck, what's the situation?"

When the entire market is changing rapidly, all core weighted financial stocks have all withdrawn their daily limit orders, selling is overwhelming, and the index has plummeted, the majority of retail investors in the market, just like the changes in expression and mentality 10 minutes before the noon close, are also full of emotions. shocked.

"Why all of a sudden, the buying disappeared?"

"Not only have the buying orders disappeared, but the selling orders on the market are pouring out like crazy. It's really evil."

"Looking at the situation, tens or tens of billions of funds in the morning, is it lonely?"

"What the hell... I'm chasing after you at a high position. What's the good news? These funds are simply sick. They rush to buy before the market closes at noon, and rush to sell when the market opens in the afternoon!"

"It is indeed sick, what are you trying to do?"

"The stock index went straight up and down, just like a small-cap stock controlled by Zhuang.

"Buy before noon and sell after noon. Market sentiment and funds to follow the trend have all disappeared. What is this manipulation?"

"I don't know, I just feel that the market around noon today is really weird. It's so weird to go back and forth without stopping!"

"Yeah, never seen a market move like this."

"Looking at the situation, it must be the wrong purchase, right? Otherwise, how can you explain that all the buy orders were withdrawn after the market opened?"

"There are tens of billions of funds buying before the market closes at noon, can this be wrong?"

"No matter what the reason is, it's a good thing I didn't chase after him and dodged a knife, otherwise... I can't sell it even if I want to sell it at this moment."

"I heard that it was caused by Guangda Securities. Moreover, their company's stock was suddenly suspended before the market opened in the afternoon."

"Guangda Securities? Isn't this securities company a first-class echelon in the market? Can it make such a big move?"

"It should be Guangda Securities, because at this moment, the company's Hong Kong stock has plunged 6 points in a straight line, while other securities companies have basically remained unchanged.

"Oh my god! Look at it this way...it's really a real hammer market. The straight up and down is made by Guangda Securities."

Amidst the exclamation of the majority of retail investors, only 1 minutes passed.

During the continuous decline of the underlying stocks and the index, the trading volume of the Shanghai and Shenzhen 300 Index futures can be further expanded. Dozens or hundreds of short-selling orders are endlessly suppressing the buying, and the Shanghai and Shenzhen 300 Index futures The futures index broke through 2400 points and entered a lower point.

And at the same time...

On the Shanghai and Shenzhen 300 futures index, the big market players who were short and long before, and all were killed, faced the trend of killing shorts and killing longs in the futures index, and they were also full of curses.

"Manipulation, this is definitely an act of manipulating the market!"

"What the hell, the long positions I established at 11:27 a.m. are all forced to stop losses at this moment. Today's index trend is really poisonous!"

"The normal trend of the market cannot be so straight up and down. Someone is definitely manipulating the index."

"Today's futures trading situation, it is obvious that the volume can be magnified many times. This shouldn't be a coincidence, right? This stock...is it borrowing the underlying stock to manipulate the index, and then use the futures index to make a profit?"

"It's possible that there are still a lot of funds in short selling orders on the disk."

"The more you look at it, the more it looks like it. There are too many short-selling orders on the market. The CSI 300 futures index is already more than 300 points away from the real-time point of the CSI 90 index."

"It seems that the price difference is going to slide to more than 100 points!"

"The discount is so obvious, it should be to lure everyone to go long on the Shanghai and Shenzhen 300 Index futures, so as to build more opponents for the short funds that are crazy about shorting at the moment?"

"If the other party is really smashing the stock and controlling the index in order to make a profit, then this discount is obviously a trap to lure more."

"Holy shit, such a large discount between the futures index and the current index, if it is a trap to lure more, does it mean that the Shanghai and Shenzhen 300 Index will have to fall next!"

"Inevitably, it is impossible for the two to have such a large discount all the time. Usually, a gap of 20 or 30 points is normal."

"I'm going...the selling is so fierce."

"Whether it's the underlying stock or the futures index, at this moment... there is a feeling of being maliciously shorted!"

"The Hong Kong stock market of Guangda Securities has collapsed, and the decline has expanded to 12%. Could it be that this is really the work of Guangda Securities? This guy...isn't afraid of being investigated by the trading supervision department of the stock exchange and the Securities Regulatory Commission? Obviously manipulating stock prices and Manipulating the market!"

And at the time when many big investors who were killed and forced to stop losses on the futures index were filled with righteous indignation and indignation...

Inside Guangda Securities.

The entire investment and trading strategy department, all traders, have been mobilized.

Everyone followed the orders of the leaders of the trading teams and the general manager of the investment and trading strategy department, and frantically sold all the stocks that could be sold in the securities account to return funds. Empty and empty orders, want to achieve the purpose of hedging as soon as possible, and recover the losses caused in the morning.

And at this moment, the supervision departments of the Shanghai Stock Exchange Stock Exchange Center and Futures Exchange Center.

The crazy short selling behavior of Guangda Securities has been monitored at the same time.

So, in less than 5 minutes, the phone calls from the two major supervisory departments entered Guangda Securities again, and the leader of the supervisory department directly yelled at the executive president of Guangda Securities: "What are you planning to do?"

In the eyes of the entire Internal Oversight Service...

This compensation measure of Guangda Securities, with the help of crazy selling of underlying stocks, and large-scale short-selling of CSI 300 index futures arbitrage behavior, has constituted suspicion of insider trading and market manipulation.

The phrase 'what are you going to do' is both a reminder and a warning.

Of course, if it weren’t for the real background of Guangda Securities, which is state capital, the internal supervision department would not even have this warning, and directly restricted the opening of positions.

Facing the yelling of the other party, the executive president of Guangda Securities could only try his best to appease him.

At the same time, I was scolding my mother in my heart.

If this hedging situation is not used to make up for the loss in the morning, and to make up for some losses and capital differences, the company will have no choice but to bear the billions of capital differences that will be settled before the next trading day. Overnight, the ending of credit bankruptcy.

And such an ending, compared to the so-called suspicion of market manipulation and insider trading.

It was even more unacceptable to him.

So, after simply appeasing the other party and using the dragging formula...

The entire investment and trading strategy department of Guangda Securities did not restrain their actions. Instead, they intensified their efforts to open positions and short the Shanghai and Shenzhen 300 Index futures. Kill the market and suppress the index, so that I can reap huge profits on a large scale in the main contract trading of the Shanghai 300 index futures to make up for the losses caused by buying chips in the morning.

Therefore, because Guangda Securities ignored the warnings of the regulators, it desperately shorted the market.

Across the market...

As long as all the stocks linked to the self-operated investment of Guangda Securities have all been tragically sold at this moment, tens of millions, hundreds of millions, and hundreds of millions of chips, it can be said that they fled desperately, making these stocks Other investors holding shares on the Internet suffered huge losses.

Then, after losing the huge amount of funds of Guangda Securities, the heavyweight stocks of "big finance" fell across the board.

And the trend of the futures index with serious discounts and endless short-selling orders.

The investment sentiment of the two cities, from the high-pitched situation at the closing stage of the noon, quickly turned sharply, and slipped into a downturn and even panic as the trading hours went on.

And because of investment sentiment...

The sell-off in the market became more and more serious. It took less than 10 minutes for the major indexes to swallow up all the gains before noon, and... at 1:32, the major indexes went even further. Kill fell to an intraday low, with an average decline of 1%.

at this time……

Investors in the entire market looked at the extremely long antenna on the stock index, and it was like a dream.

"Mr. Xu, I got it clear!" When the market had already plunged into the water and panic began to spread, Director Qiao from the Market Information Department of Zexi Investment, the company's interior, walked into the trading room again, and whispered to Xu Xiang. Said, "The failure of the internal trading system of Guangda Securities has caused extreme changes in the market. At this moment, the supervision team of the China Securities Regulatory Commission is leaving for the headquarters of Guangda Securities in Shanghai to investigate."

"Okay, thank you for your hard work!" Xu Xiang stared at the market that was still falling, and the main contract trading surface of the Shanghai and Shenzhen 2322 Index that had reached 300 points, and nodded lightly, "Continue to inquire about Guangda Securities. The news, the news . . . is of great value to us."

After finishing speaking, Director Qiao left in response.

Xu Xiang tilted her head and instructed the trading team led by Zhou Kan: "Continue to short the Shanghai and Shenzhen 300 Index futures. Guangda Securities should already be standing on the edge of a cliff. Their choices...not many."

"Okay!" Zhou Kan responded, and continued to carry out Xu Xiang's instructions.

At this moment, the bad news about the "Operation Error of Guangda Securities" has not been really known by the majority of investors in the market, which means that the bad news is still there. Do not sell underlying stocks and short-sell index futures for hedging.

Therefore, from various logics, the index still has obvious room for decline under the current situation.

Even if they have successfully speculated and obtained some profits, they have not reached the time to take profits and get out of the game.

at the same time……

Xie Wanting, who has also successfully speculated on the main contract of Shanghai and Shenzhen 300 Index futures within Yanjing and Anlan Fund, was also secretly happy in her heart, feeling a very satisfying sense of accomplishment.

Although she used her personal account at the moment when the market opened in the afternoon, she only established a total of 10 short-sale orders.

Overall gains are limited.

But this is her prediction of the market one step ahead, and she is completely correct.

And this kind of trading logic has been verified, and the sense of accomplishment that the trading strategy completely corresponds to the market changes is far more important to her than simply making money.

(End of this chapter)