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Chapter 659 Little Dow Futures(2/2)

After Yu Hongbo returned, he began to transfer 1 billion US dollars to his futures account in the evening.

Today, the U.S. stock market began to rebound, with the Dow going all the way up and breaking through 14,000 points during the session. Following Hu Yang's order, Yu Hongbo and his team opened a short order at 14,000 points and bought 50,000 December Dow futures contracts.

Not counting fees, the transaction paid a total of $25 million. But what was the total value of these Dow futures contracts? It was $3.5 billion.

The ratio of margin is only about 0.714%, which means that if you misread the trend, every time the Dow rises by 100 points, all the margin in the account will be lost. Either you need to add margin, or you will lose it all, there is no second option.

Therefore, it is not wrong at all to say that with small gains, one can become rich or die on the street.

In the next hour, the Dow Jones Industrial Average traded sideways at a high level, always fluctuating from 13980 points to 14079 points. Yu Hongbo issued an order again and bought 50,000 Dow futures contracts (short orders) at 14,000 points.

Today's task has been completed, 100,000 Dow futures short contracts have been opened, and a total of US$50 million in margin has been paid.

The total value of the corresponding Dow futures contract is US$7 billion, and the remaining funds in the futures account are US$950 million.

Of course, these funds are used for margin calls, and will not be moved again until the Dow futures contract is closed.

deep sea.

Populus euphratica and Tian Sichun went to bed early in the evening, and slept until four o'clock in the night. Populus euphratica suddenly woke up. He looked at his watch, and then quietly got up and got out of bed.

"A Yang, what time is it? Why did you get up before dawn?"

Tian Sichun seemed to be awake but not awake, with a hint of laziness in his voice.

"Go to sleep, it's still early. I have something to do and can't sleep, so don't worry about me."

Hu Yang gently helped Tian Sichun cover the blanket, then left the bedroom and came to the study.

Then, he dialed Yu Hongbo's phone number.

"Boss, it's so early? Are you awake or awake?"

There was more excitement in Yu Hongbo's tired voice.
Chapter completed!
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