Masaki Nakamori and Yuki Hakuki parted and returned to his residence directly. The first thing he did after he got home was to turn on the computer to watch the US stock market.

Masaki Nakamori, sitting on the computer chair, focused his eyes on the computer screen. At this moment, his computer screen showed the trend chart of Bear Stearns, the fifth largest investment bank in the United States.

He has been paying attention to this stock for not a day or two, but for a month or two. Looking at its rising trend, it looks like sesame seeds are blooming higher and higher.

However, in Masaki Nakamori's opinion, this should be the sentence "It's really a fire-cooking oil, and flowers are blooming in the bloom."

He picked up the phone he placed there from the computer desk, and after hesitating for a moment, he began to find the phone number of the market maker from there.

Masaki Nakamori dialed the other party's phone and said without any roundabout way: "I am Masaki Nakamori. I also want to buy stock short options from you, Bear Stearns, the fifth largest investment bank in the United States."

The market maker faced the current weather, it was almost midnight, but he still didn't go to bed. He also sat in front of the computer and focused on the US stock market.

The market maker was surprised by Masaki Nakamori's sudden move again. He held his mobile phone in his right hand and attached it to his right ear with one hand. He quickly tapped the keyboard with one hand. He immediately called out the Bear Stearns stock trend chart from the computer.

"In theory, if you want to buy, I don't have any reason to not sell. How much do you plan to buy this time? How long will it take for the expiration date?" Market makers became increasingly confused about the other party's brain circuit.

He had seen a fool, but never such a fool. He felt that he had picked up 100 million yen from Masaki Nakamori last time, and the other party came to give money again this time.

Masaki Nakamori thought that he could mobilize 40 million yen to the maximum, but he could not buy them all.

He expects Bear Stearns hedge funds to collapse, and two funds investing in subprime mortgage securitization products to collapse. This will take about four months.

The next two months caused its stock to plummet, which directly led to the resignation of its chairman, Warren Spector, and its books shrank by $42 billion.

And I have to pay Mitsui Sumitomo Insurance a monthly premium for the credit default swap that must not be reduced.

In order to make the most profit, Masaki Nakamori wanted to make a decision on exercise. If he chose European options, it would be much cheaper than American options in premiums.

Masaki Nakamori said seriously: "Today is March 17, 2007, so we will set the expiration date six months later.

That is, what about the day on September 17, 2007? This time, I don’t want the American options you have, but European options. You quote a target price, exercise price, and premium ratio."

The market maker did not rush to bid, saying, "Are you sure you are buying Bear Stearns short options, not long options?"

"Yes. If we can reach an agreement tonight, then I will come to your company to sign a formal contract tomorrow morning." Masaki Nakamori replied firmly.

"The price is $60 per share, the exercise price... Do you want me to listen to a price?" The market maker stood up slowly, walked towards the window and said.

Of course, Masaki Nakamori knew that Bear Stearns' stock would not be cheaper in half a year and was bought by **** at $2 per share.

Before this, I was reluctant to leave, that was I didn't wait until Bear Stearns' stock showed such a high-spirited stock price trend.

Stocks are chasing ups and downs. But they are operating in a direction. The more the price of a certain stock rises, the more they want to buy short options.

This mainly lies in the ability to predict the uncertainty. If you go out and short directly, you need to keep an eye on it all the time, and on the other hand, you have to make small profits.

Masaki Nakamori is still worried about the lack of capital in his hands. He needs to quickly accumulate the original capital. Otherwise, he will easily become a leek in the financial market.

His ideal is to be a man who cuts capital leeks, not a man who becomes a leek. The reason why he did not buy Bear Stearns' short options from the beginning was that Lehman Brothers' short options can bring more than a thousand times the returns to individuals.

If I first invested all 140 million yen in the short options of Bear Stearns, I would naturally not kill the market maker.

Although it can bring you rich returns, it is not only far smaller than the profits of Lehman Brothers' short options, but also bring you the greatest reputation burden and become famous in one battle.

If I have a reputation, it is reasonable that if I want to buy Lehman Brothers' short options, it will be unreasonable for the market makers to sell them to me.

Even if there are any sellers, they will definitely speak out in terms of the premium ratio. Not only that, the contract content and terms will also be more harsh, which will be detrimental to you everywhere.

In this way, his total returns will be reduced. He entered the financial field as a rookie, so he would not attract too much attention from anyone.

Masaki Nakamori wants to care for him as if he is mentally retarded. He has already bought the short options of Lehman Brothers from the market maker, which means that the other party cannot regret it.

By the same token, you can also buy a cheaper CDS from Sumitomo Mitsui Insurance. If it weren't for the current stock price trend of Bear Stearns, the market maker would have raised the premium ratio of short options. Similarly, the target price would not be the current price of US$60 per share.

"The exercise price is set at less than US$30 per share." Masaki Nakamori said after pondering for a while.

The market maker agreed without saying a word, and if he thought about it, he felt that it was possible that Bear Stearns' stock price would fall by half in six months.

Changes in the US stock market are possible. This time, Masaki Nakamori is not as stupid as buying short options for Lehman Brothers. Could it be that the other party has made progress?

However, he was not too worried. After all, Masaki Nakamori took the initiative to exercise the right in the form of European options, which means that the exercise date can only be on September 17, 2007, unlike American options, which can be either on the expiration date or to any day in advance.

"Okay! The ratio of premium is even if you look down on 2% of the total amount of short options. How much do you want?" the market maker made his decision.

"Then I'll want 1.5 billion yen for Bear Stearns' stock six months later. This means I'll pay you a 30 million yen premium." Masaki Nakamori said without asking for advice.
Chapter completed!