Rebirth: The Financial Giant

Tuesday, April 21, early morning.

When the staff of the Yuanyoubao platform woke up and went to work, the products of Yuanyoubao had already gone through the warehouse, and the negative oil price and the huge loss of Yuanyoubao had been on the hot search, and the netizens who were eating melons on the whole network were paying attention. this matter.

The data can be queried from CME. The shorts only used less than 10,000 contracts to suppress the oil price to -40 USD/barrel. Yuanyoubao's position contract was executed in accordance with the TAS instruction, that is, an incredible -37.63 USD/barrel settled.

At this moment, this statement of settlement is spreading wildly on the Internet. A source oil investor lost 3.8846 million yuan of principal, and then owed the bank more than 5.3 million yuan, with a total loss of more than 9 million yuan. This incident further detonated public opinion.

ICBC, CCB, etc. saw what happened so far, and they all secretly sweated. Fortunately, on April 15th, they completed the work of shifting warehouses and changing months. Otherwise, they would definitely be bored, and there would also be on the hot search list. One's own place, such a hot search is topped up, and the butt will burn.

The Xiayuanyoubao platform and its higher-level institutions are all under enormous pressure, and it is very embarrassing that Lu Ming also suggested that the risk should be moved as soon as possible, but he didn't care too much, and then he was bored.

And it is very likely that they will not be able to hold back, and the whole network knows that someone has already pointed out the position and change of the moon, but the result is indifferent, and the god operation of the lying dragon and phoenix will only be scolded even worse.

At this moment, the netizens who eat melons on the whole network are already scolding.

Every year is deceived, and Dangdang is different.

So, how much did Yuanyoubao lose this time?

According to the data currently exposed, if the average opening price is US$20 and each lot is 1,000 barrels, the total loss in the final settlement will be as high as US$4 billion, which is equivalent to more than 28 billion in soft sister coins, although I don't know the final settlement. Yuanyoubao's position, but if the position is too large, the loss will be even worse.

This wave has paid a huge amount of tuition.

I pay tuition every year. When will I graduate? Is knowledge too difficult? Or is it that the uncles don't care?

I hope those who like to brag about themselves and be arrogant and arrogant will learn it in a down-to-earth manner.

It's not normal to play, and the dealer and the referee can modify the rules at will. It can only be said that it is better to play less financial secondary derivatives like this.

Typical human reasons, extremely irresponsible.

Bitcoin, Yuanyoubao and other old and American tools for cutting leeks are better not to participate.

Don't follow the rules? There's no contract spirit! Don't do porcelain work without that diamond. Is it so easy to win?

My brother has overturned the car with such a great pen, and 1.16 trillion US dollars was detained and frozen by hooligans.

The banker's rules are all up to the other side to decide what to do with them, so they dare to play with them, I admire them!

That buddy is so miserable, more than 3 million principals have been lost and more than 5 million owed.

When others modify the rules, they must think of possible risks.

...

With the passage of time, the popularity has continued to soar, and the incident has continued to ferment, and now many people are discussing it on the Internet.

For the current source of oil treasure, there are only two ways to go.

The first is physical delivery as much as possible. The oil price of -37 US dollars means that Yuanyoubao can not only get it for nothing, but also make a profit of 37 US dollars without taking a barrel.

But the problem is that overseas crude oil shorts dare to smash the price so low. Of course, it has been determined in advance that Yuanyoubao is absolutely impossible to have the ability to physically deliver.

The delivery location of WTI crude oil futures is in the town of Cushing, North America. The delivery mechanism is that the buyer leases oil tanks in the Cushing area, or directly extracts crude oil from the Cushing oil tanks.

However, due to the impact of the global sentiment, crude oil has always been in a situation of oversupply, and even if there is excess storage space in Cushing's crude oil inventory, it has long been leased and booked by other businesses.

When the 2005 contract expired, it was impossible for Yuanyoubao to lease to inventory, and the road to physical delivery had long been blocked.

And it was too late in time.

At the moment when the WTI crude oil futures price was hit with negative oil prices, Yuanyoubao actually had only one retreat, that is, cash delivery at the price of -37.63 US dollars per barrel.

If the oil price falls to zero, Yuanyoubao's customers will lose all the margin in their accounts, and if the oil price becomes negative, Yuanyoubao's long-term customers will all go through their positions.

In theory, go on to lose money to the bank.

At the same time, today, April 21, ushered in the official settlement of WTI crude oil. At the opening today, the oil price soared from -37.63 US dollars per barrel to -14 US dollars. It rushed to above $0 and closed a positive number, and it continued to soar. The highest price reached $13.86 per barrel, and the intraday increase expanded to +136.83%. Are you angry?

Everyone who has eaten melon and watched the show knows that this is a financial virtual game of hunting, but the real money is spent.

In the afternoon, just when the whole network was eating the big melon that was losing blood of Yuanyoubao, I don't know where a new melon was exposed. It started to spread on the Internet as early as last week. The risk concerns of the May contract of WTI crude oil are avoided, and it is recommended to move positions and change months to avoid risks as soon as possible.

As soon as the news came out, it caught everyone's attention.

With the continuous fermentation, someone immediately found the crude oil products of CCB, ICBC and other institutions, and found that the work of shifting warehouses and changing months was completed around April 15, successfully avoiding this disaster.

It seems that this uncle's party source, which is not confirmed by an authoritative organization, is probably true.

The netizens who eat melons look at it and call it a good guy!

It turns out that the first brother has already discovered the signs early, and he is indeed the hottest man that Wall Street hates the most.

No one thought that there would be such an inside story. This Xiayuan Oil Treasure was scolded even more severely. The first brother shouted to run away, but he didn't run. It was useless to give him a chance!

There are still people in the mainland who can PK with Wall Street, but it’s a pity that Yuanyoubao doesn’t want a brother to feel it, but wants to feel it himself, and then he is bored by others.

It's just that the young dragon and phoenix are alive.

However, just as everyone was spreading the news, Lu Ming posted a dynamic message on his personal social media account in a very timely manner, directly denying the rumors that last week, institutions such as Gonggong, Zhongshan, and Jianjian were suggested to move warehouses and change positions.

There is no such thing.

At this time, Lu Ming would definitely come out and deny Sanlian, and it was true that he didn't secretly break the news, nor did Wanxiang break the news.

It is impossible for Lu Ming to break the news to do such a thing. After all, this is too much to slap Zhong Xing in the face, and there were only a few people in the video conference at that time, so if Lu Ming did not come out and deny Sanlian, Zhong Xing would really think it was true. If he sprinkles salt on his wounds at this time, he will end up with an inauthentic name. Zhong Hang will definitely be very dissatisfied with Lu Ming.

As for who broke the news, You Dao is a colleague but an enemy.

But it didn't take long for more explosive news to come, which was considered a success in diverting the attention of the majority of netizens who eat melons from Yuanyoubao.

At around 15:00 in the afternoon, Wanxiang Group turned into a handsome boy and made a sudden debut!

At this time, Wanxiang Group suddenly jumped out and shouted: Everyone, don’t panic, although Yuanyoubao was bored, but I succeeded in cutting the beard in advance, and I didn’t let the crooked nuts take away the wealth. I Wanxiang cut the money back. I'm home!

Surprise or not? Accidental or not?

According to people familiar with the matter, Wanxiang Group has previously leased a batch of oil pipelines in Cushing Township, which has the ability to deliver crude oil.

Just as the outside world was looking for the authenticity of the news, Wanxiang Group suddenly issued a temporary announcement on a major event at about 15:45, saying that the company currently has a local partner on the transfer of the oil pipeline leased in Cushing Town, North America. The order is in progress, and 100,000 contracts of WTI crude oil in May are being processed...

In fact, it has been dealt with long ago, and the money has been taken away and run away, but there are some dispensable follow-up work left.

And this announcement was actually released to CME Group and Wall Street.

However, just after this announcement was released, there was a sudden reversal. First, the domestic public opinion was further detonated to an unprecedented level, and the netizens who ate melons all over the Internet exploded.

All kinds of direct calls good guy!

...