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After watching the market trends of the past few days, a group of giants in the Korean capital market expressed their dissatisfaction. I have taken off my pants, and you are showing me a silent movie? At least some movement.

Seoul, Korea.

"Their holdings definitely do not exceed one trillion won, and I am talking about stocks." In the conference room, Lee Eun-kyung looked at a group of fellow Korean financial professionals and analyzed the situation: "What's interesting is that they hold unilateral positions."

"What does this prove? Do you think holding a unilateral position is strong? In my opinion, this is just a sign of lack of confidence." Li Enjing's eyes seemed to have flames burning.

As the financial capital controller of South Korea's Lee chaebol, Lee Eun-kyung is not well-known among the people and cannot compete with the leaders of other chaebol industries for popularity. However, people familiar with the Korean chaebol system know that his importance in the family Can be ranked in the top three.

Just like now, who are the people attending the meeting? Representatives of the financial circles of various Korean chaebols, and Asia-Pacific heads of foreign capital, especially North American institutions.

The total market value of the Korean stock market is US$1.2 trillion, and the turnover rate has exceeded 100% throughout the year. Calculated based on 250 working days, it is an average of 0.4% per day, which means that approximately US$4.8 billion of stocks change hands once a day.

In other words, if you throw 10 billion into it, you will eat up two days of turnover. This is data that is easy to understand.

The operations of large funds are generally bilateral positions. Taking the stock market as an example, I first buy stocks and at the same time short-sell the stock index or short-sell securities, which is equivalent to hedging.

The best way for the Thunder to invest 10 billion is to hold a 5 billion bullish position, and then use 5 billion to sell short. When they complete the position building, they can start the second step, which is to pull up or suppress.

Pulling up means closing short positions. There are many ways to close short positions, but no matter which one is corresponding to buying, this means pulling up the index and creating profits. Suppressing is the opposite, and the flat is a bullish contract.

The so-called unilateral position means that when you are bullish, you do not carry out corresponding short selling, but you focus on buying and buying. The advantage of this is that the profit margin is large, but the corresponding risks are also high and the difficulty is high.

It seems that ordinary people will think that unilateral positions are stronger, but things are so contradictory. For large capital operations, bilateral positions are the most powerful approach.

Bilateral holdings are all about me taking the lead and ignoring any external forces. No matter what the outside world thinks, I just follow the steps, building positions, raising or suppressing, and looking for opportunities to make a profit and exit. It's almost like playing by myself.

But this involves the issue of the price of opening a position. When holding a bilateral position, you buy for 10 yuan and sell short for 10 yuan. The price of the underlying security reaches 13 yuan. Then, whether you are bullish or bearish at this time, your average position price is 13 Yuan.

Bullish at 13 yuan? You have to be careful about taking other people's profits.

Bearish at $13? You have to be careful of aggressive bulls.

The most important thing is that no matter you are bullish or bearish, when you complete the position building, you are equivalent to losing half of your financial power.

Investing 10 billion, 5 billion for a call position, and 5 billion for a put position is to complete the position building. No matter you ultimately want to buy or sell, you will only have 5 billion to use.

Therefore, the strength of bilateral positions is not only the mentality of being self-centered and ignoring external forces, but the most important thing is the courage to abandon half of the capacity, which is equivalent to doing everything with one hand.

"There are many institutions that can absorb the Thunder's trading orders, but there are certainly no institutions that are willing to make wedding dresses for them. I think everyone agrees with this view." Li Enjing continued to analyze, with a bright smile on his lips: " We can only cooperate."

There must be institutions that dare to hedge against Thunder, but after taking in all of Thunder's trading orders, one's own position is actually reduced. In the end, whether the underlying securities rise or fall, the profit and loss range is compressed.

As for the Thunder's huge funds, once you finish eating them, you are equivalent to converting your positions into cash, which is equivalent to exiting the market directly. So what's the point?

So no one wants to eat up these trading orders, everyone just waits and watches the Thunder perform a one-man show.

But here comes the problem again. With such a huge amount of capital being hedged, and having home field advantage, and there is no obvious room for upside in the market outlook, who among you wouldn’t be tempted?

What is more important is the political requirement. When capital reaches a certain level, it is accompanied by political will. Lei Lei has cooperated with China, Lei Hao’s capital is completely red, and the AIIB and ** are in full swing. The Asian BRIC Bank is being prepared, the Asian Financial Investment Bank has jumped in as a pioneer, and China is promoting financial marketization and other factors.

Coupled with the ups and downs in Europe, the struggle between the United States and Russia in the Middle East, and the cooperation and competition between Japan and South Korea in the Asia-Pacific, these situations have all condensed into a complex financial confrontation.

Everything is intertwined, complex but with established rules. Li Enjing and his group are naturally hostile to the Thunder family.

Lei Hao's analysis is also correct. If he doesn't knock on the door, others will definitely find opportunities to slap him in the future. Trade wars and financial wars have been going on at a level that the public cannot see.

When Li Enjing and his group met, the response from the Thunder was not small. A group of top executives from the Thunder investment department remained silent after being reprimanded by Lei Hao. However, once the fire in their hearts was ignited, they burst out with considerable energy. .

Leo, Tao Liyu, Ye Liu, and Xia Yibei all tightened the clockwork and finished their plans in a few hours. They were a little bit broken, but they were also barefoot and not afraid of wearing shoes. momentum.

"Bilateral positions."

"Ignore quantity and energy, manipulate the index, make the fluctuation range larger, but ensure the price of opening a position."

"Change the target and attack the foreign exchange market."

"Clear the stock and leave the market, wait and see for the time being."

Documents were submitted to Lei Hao one after another. Even late at night, everyone in Lei Hao had a high enthusiasm for work.

Isn’t it just to express an opinion? OK! It's reasonable for you to be strong, but I don't believe it. Mr. Lei, can you always be right? Well, even though I believe you will always be right, my opinions always have merit.

Everyone in Lei Hao, who had almost achieved success, was now fighting for a breath and status in Lei Hao's heart. They were not short of money, but they were short of an attitude of recognition.

But what makes Lei Hao depressed is that these bastards pretended to be cowardly before, but now they have exploded, but it is a bit untimely.

"Am I cheating them?" Lei Hao looked through the future information and read the plans and plans submitted by his subordinates with a wry smile on his face.

Variables are needed in the front, but future information indicates that the amount of hedging will begin tomorrow, and the amount of energy will gradually increase. In the end... it will still proceed according to the original plan.

So you are angry for nothing? Are all the plans of Leo and his group rejected? Lei Hao pictured the resentful expressions of his subordinates in his mind.