chapter 5
This is the sweet taste
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3:42:43 in the morning.
Hyunjoon suddenly stood up from his seat. It was impossible to sit still like this. In Hyeon-jun’s eyes, it seemed as if a flashing light was emanating from him, and at the same time, his pupils were constantly shaking.
Was once a welder. It was a substitute article. Sometimes a laborer. As an employee of a stock workshop, I was desperate to climb from the bottom of my life like that.
The cursed stocks reflected in front of his eyes were the numbers…
Hyeonjun gritted his teeth, and crush your fists! I squeezed it tight.
Life before regression, life after regression.
It was as if everything came to a point of origin and rushed in a whirlwind.
Doesn’t it look like a long tunnel for a moment like this?
$84.99.
$85.79.
$86.96.
share price going up.
It seems that the buying force has completely overtaken the selling force.
The uptrend is not over yet.
Start right now.
$87.69.
$88.88.
$89.52.
$89.66.
$89.78.
$89.99.
$89.92.
$89.93.
$89.98.
$89.99.
I stopped in front of the 90 dollar range for a while, but that was also for a while.
Soar again.
$90.56.
$91.77.
$92.33.
$93.79.
Wow, this is crazy.
Hard mad.
A sleeping lion wakes up and starts to run terribly. An unexpected shot went off.
A stock that has bottomed out. That’s what finally rose and erupted.
As a result, the stock price broke through the $90 resistance level in an instant.
The stock price of an American stock that jumps like crazy once it starts running.
That was what it looked like to come true.
At the same time, call option prices are starting to skyrocket. In fact, the rise in real stock prices and the rise in call option prices do not respond proportionally.
Option quotes are more explosively reflected than real stock price volatility. In other words, it is the option asking price that can rise by several hundred percent in an instant and, conversely, can fall by several hundred percent.
Hyeonjun’s eyes became suspicious for a moment.
The current options order book is incomparable to the stock order book of beginner-level stocks. The call option order window was running like crazy.
It’s kind of hard to keep up with.
Maybe in 0.0001 second increments?
Option prices were fluctuating as if at that speed, and the transaction itself was so fast that it was impossible to keep up with the various changes with the naked eye.
In particular, existing call option sellers hurriedly started liquidating their positions by purchasing call options, and as a result, it appeared that hot oil was pouring into the call war. New forces that belatedly started buying call options also jumped into trading all at once, and the current option order window is no different from the appearance of a class A typhoon.
Come to think of it, in call option stocks, which are a type of derivative finance, there are separate positions for buying call options and selling positions for call options.
In other words, depending on the rise or fall of the real stock price, the portion of loss or profit is completely different.
For example, if you take a position to buy a call option on an individual stock from the beginning, then you buy the call option by paying only the appropriate premium (call option purchase price), and then you can fully enjoy the return equal to the value of the increase in the real stock price. .
On the other hand, if you take a short call option position, you can sell the call option to someone for an appropriate premium (call option selling price) in advance, similar to the concept of stock short selling. However, since this is a preemptive selling concept, if the stock price rises in the future, enormous damage will occur, just like the failure of short selling.
In other words, when the stock price rises, the call option buyer will receive a capital gain equal to the value of the rise in stock price, and the call option seller will take on a proportional loss equal to the profit earned by the call option buyer.
A kind of zero-sum game in which profits and losses are zero.
Someone’s gain is someone’s loss.
This is the basic rule of options.
3:52:56 in the morning.
In the meantime, about 10 minutes, longer than expected, passed.
However, Hyun-jun did not respond to anything yet, only observing the changes in real stock prices and call option premium prices with his eyes.
Currently, we have a very good position to buy call options. So now all that remains is the moment of choice, how to take the retreat.
However, the reason why the heart is still beating wildly is that if this stock price rise itself is temporary, when a storm of sudden stock price declines blows, then the option premium price can also drop vertically in an instant.
So even while watching the thrilling stock price rise, I can’t help but be more nervous. In other words, it is because you cannot miss the selling time and turn on the waste.
In fact, because of this risk, the majority of ordinary individual option buyers will unconditionally sell options at this point and enjoy sweet profits after closing their positions.
However, Hyeonjun was more patient.
The option order book, where buying and selling continues without a break.
bang! bang! bang!
bang! bang! bang!
It’s not like this level of warfare.
Ta-ta-ta-ta-ta!
Wow! aaaang!
Like a rain of bullets and explosions. A very terrifying battlefield is unfolding before your eyes, where life can be wiped out just by slightly sticking your head out.
Call option sellers who are risking their lives to liquidate their positions. Various programs are constantly placing buy and sell orders.
As such, it looked like a terrifying war broke out in units of 0.0001 seconds.
4:03:26 in the morning.
Another 10 minutes passed.
However, Hyeonjun still did not budge, and just glared at the cheerleaders terribly. Now both eyes are bloodshot.
The current share price of [EVS Soft] is $98.63.
+15.34% point from the closing price of the previous trading day.
It was a really scary climb in just a few hours.
And the long-awaited $100 range. It seems that stock prices are repeating advances and retreats as if they met a major resistance wall ahead of that.
Hyeonjun was conflicted for a moment.
Shall I brush it off like this?
Or should I hold more?
In fact, if you are not directly involved in an operation, you will always have to worry about this.
Of course, the same goes for the operator.
There is a target stock price for operations, and the quantity to sell or buy is designed before work. However, the reality is that sometimes things that deviate from the way it was designed often happen. This is because market conditions can change suddenly.
4:23:57 in the morning.
After another 20 minutes passed, Hyeonjun now calmed down a little.
This is because the share price is starting to slide after hitting $108.63 a while ago. In particular, as profit-realizing listings gradually piled up in the real stock price book, the stock price began to be pushed out, and the call option call book also showed a gradual decrease in premium.
This may mean that each quote has peaked. Or it could be a breather for another bigger rebound.
However, at this time, Hyun-jun’s pupils, which were staring at each number, thickened again, and a slight pupil dilation appeared and then disappeared like lightning.
And at that moment, Hyeonjun quickly grabbed each mouse with his right hand and left hand, respectively. Two different trading accounts. You want to start clearing options through that trading account right away.
In fact, isn’t the word ‘Jonber’ in option investment an unconditionally extravagant word?
The options market fluctuates hundreds of thousands of times a day. Transactions are always made in milliseconds, and even if the actual option expiration date is one month away, that month is not just a month, but feels like a period of more than several years. In other words, when options trading explodes properly, no stock trading can catch up with the speed. Because it’s going to be super fast.
Let’s sell quickly.
At this time, Hyeon-jun, who had a stronger will to sell, urgently poured out sell orders.
The current share price is $107.77.
and after a while
Tring!
“A sell order has been executed”
Tring!
“A sell order has been executed”
Tring!
“A sell order has been executed”
Tring!
“A sell order has been executed”
A trading alarm that sounds continuously.
Hyeonjun stared at the order execution window until it was almost breathless, and he couldn’t breathe until it was completely finished.
And finally, the last remaining event is 20 contracts worth $91.
Tring!
“A sell order has been executed”
The moment the order was fully concluded, Hyeon-joon spurred on and stood up, instinctively taking three to four steps backward.
trembling shoulders.
trembling eyes.
thumping heart.
The trembling of the two hands that does not become the subject at all.
Nonetheless, Hyeon-jun approached the desk again and grabbed the mouse again.
Since you sold the option, your position has been liquidated, and you will now make a real profit. how much revenue will it be?
And at that moment, Hyeonjun’s eyes widen.
Oh My God!
The net income excluding the principal…
+$3,103,285!!
approximately $3.1 million.
Excluding the principal, a whopping $3.1 million was immediately captured as net profit. Even without transaction fees.
Previously, Hyun-joon invested 40,000 dollars, and it was a 77.5 times return in just a few hours. Only futures and options investments can reap such returns in such a short amount of time.
Whether stocks or coins, the so-called astronomical returns that can never be reaped in a short period of time have exploded.