Manhattan Reborn 1978

new York.

Manhattan, Wall Street.

Stanley fourth floor.

Sam Rogers, who had simply had lunch, stood by the window with a cup of coffee in his hand, enjoying a rare moment of relaxation.

His best partner and old friend, Mu Brandes, walked in quickly from outside with a few documents and said with a smile.

"I got it!"

"Oh?"

Sam took the statistical data he handed over, looked at it carefully, and asked, "Where are the data in Philadelphia?"

"Not yet."

"The gardener said that the Philadelphia investigator is a newbie and may be slower."

"Hmm..." Sam returned to his seat, looked at the stock option transaction record in his hand, and gradually fell into deep thought.

(Note: Commodity options or stock options can be traced back to the contractual agreement in the Bible Genesis.

Around 1700 BC, Jacob signed an agreement agreeing to work for Laban for seven years in order to get permission to marry Rachel, the daughter of Laban.

Here, the reward for Jacob's seven years of labor is "royalty money", in exchange for the "right" to get married, not the obligation.

Another widely circulated case of using options to manage trading risks is the "Tulip Bubble."

In the late 17s, tulips were a status symbol and were sought after by the Dutch nobility. Wholesalers generally sold tulips for forward delivery.

Since the cost of purchasing tulips from growers cannot be determined in advance, wholesalers need to bear greater risks. Therefore, tulip options came into being.

Wholesalers buy call options from growers to lock in the highest purchase price for future tulips when the contract is signed.

When the acquisition season comes, if the market price of tulips is lower than the price stipulated in the contract, the wholesaler can give up the option and choose to buy the tulips at a lower market price and only lose the premium (the fee paid for the option).

If the market price of tulips is higher than the price stipulated in the contract, then the wholesaler has the right to purchase tulips from the grower at the agreed price, controlling the maximum purchase price.

This is the earliest commodity option.

On April 1973, 4, the first stock call option contract debuted on the Chicago Board Options Exchange, kicking off the era of standardized trading in options exchanges.

Subsequently, major exchanges across the United States, such as the Philadelphia Exchange, the New York Stock Exchange, and the New York American Stock Exchange, also launched stock options business.

In 77, the Chicago Stock Exchange launched stock put options, allowing investors to conduct two-way hedging investments, which greatly promoted the growth of many hedge funds. )

. . .

in the office.

Mu Brandes poured himself a cup of coffee, sat across from Sam, and whispered in a relaxed voice.

“The stock put options launched by the Chicago Board of Exchange have recently become a very popular item in the investment community.”

“The New York Stock Exchange and the MiX in New York are actively preparing to list put options on more stocks for trading.”

"More than half of the stocks we bought in the past two months have been included in the new batch of put options preparation list."

"The Philadelphia Exchange is also actively preparing to list more stock options."

Mu Brandes shook his head slightly in admiration and said with a smile: "The premiums and margins involved in options are all tied to the prices of stocks and futures."

"If the stock price falls, the put PU option can use its own ultra-high leverage to make a big profit with a small gain."

"If the stock price rises, the call option can also..."

"But when I look at its transaction records in the past year, there are only a handful of people who can make money from it~"

"There are only a few lucky people who have made a lot of money from investing in expiring options."

Sam put down the data in his hand, looked at his old friend and joked: "You actually have the idea of ​​getting rich overnight?"

"Of course I want to!"

"It's all in vain if you think about it~"

"Hahaha~" The two looked at each other and smiled, pointing at each other with their hands in tacit understanding.

After laughing.

Sam picked up the data again and asked, "Do you think we should buy some put options to hedge?"

"Yes~"

Mu Brandes put away his relaxed mentality and analyzed carefully: "Based on the general trend of the market and the stocks we hold, it is very cost-effective to buy some put or call options in an appropriate amount."

"It can not only be used as a means of hedging risks, but also allow us to find investment entry points in some stocks that we have not purchased, and use the information advantage to make a fortune!"

"Information..." Sam nodded slightly and couldn't help but smile.

"There is news from the boss that Odis Parker may stay in Europe in the near future."

"Here in New York, we can only continue to trouble Mr. Gardener..."

"Um...didn't you say that he hates going back to Europe the most?"

Sam spread his hands and shrugged: "This is all for work, maybe he has nothing to do."

"Hahaha~"

Mu Brandes saw a hint of "schadenfreude" in his old friend's eyes, laughed and waved his hands.

"Report to your boss about purchasing options. You'd better get it done as soon as possible."

“Many people are currently actively entering the market, and we can take advantage of this opportunity to make a fortune!”

"Ok!"

. . .

M. Brandes, gone.

Sam stared at the phone on his desk, but didn't pick it up immediately.

This morning he met Stanley CEO Nylonte Ramon and Pine in the elevator, and the scene when they chatted casually made him feel a huge "wave" in his heart for the first time.

Because he found that unknowingly, Nellent and Pine seemed to regard him as someone they could chat with freely. .

What does this mean?

equality!

There has never been equality in the true sense of the word on Wall Street over the past hundred years.

Some are just hierarchical and conciliatory. .

----

Manhattan.

At the intersection of Fifth Avenue and 57th Street, Tiffany Jewelry Headquarters.

Morgan Sr.'s eldest daughter, Cheryl Norton Morgan, accompanied by her husband Tus Shuman Gruber and Grace, quickly walked into the elevator and arrived at a VIP room on the fifth floor.

Two senior jewelry appraisers who were already waiting in the elevator led the three of them to the door of the VIP room and introduced them in a low voice.

"That man brought a total of twelve colored gemstones of various qualities."

"One of the Tiffany sapphires has a net weight of 259 carats. Except for slight flaws in the cut, its quality is perfect!"

"Is it about 260 carats?"

"Yes!"

Cheryl nodded with great interest, smiled at Grace next to her and asked, "I have never seen such a large single Tiffany sapphire."

"Do you want to make it a necklace or a brooch?"

Grace glanced at Tusi who was in a state of "leaving the soul" and said with a smile: "Necklace~ Give it to your eldest daughter. It will be great as a wedding gift."

"Hmm~ What a good idea!" Cheryl raised her eyebrows and nodded in agreement before stepping into the VIP room.

In the VIP room.

A middle-aged man wearing a shabby military green coat and big sunglasses sat quietly in the corner, slightly raising his head and looking at the three of them, Cheryl, without any reaction.

After being introduced by the appraiser, Cheryl nodded and smiled at the middle-aged man as a greeting. She walked to the table opposite him and picked up an exquisite magnifying glass to look at the colorful gems that shone with all kinds of charming light under the light. He smiled in amazement.

"Wow ~ they are so beautiful!"

"Grace, no woman can refuse them, right?"

"Hehe~"

Grace helped the pregnant Cheryl sit down and picked up an oval golden-green cat's eye stone. She kept quietly observing the middle-aged man from the corner of her eye and asked.

"Where do these gems come from?"

The appraiser next to him replied: "These gems are all produced in Brazil."

"The cat's eye stone in your hand is a variant of chrysoberyl."

“Brazil is the largest producer of chrysoberyl in the world, and is also where most of the best chrysoberyls are produced today.”

"Oh.."

"What's your valuation on it?"

"4 yuan!"

"..." Grace nodded slightly, put down the opal in her hand that would constantly reflect the charming light according to the angle of the light, and looked at the square Tiffany sapphire in Cheryl's hand.

"What about it?"

"What's your quote?"

"Forehead.."

The appraiser glanced at the silent middle-aged seller, walked to Grace and whispered.

"According to this gentleman's wishes, he does not intend to sell any single gem..."

"Pack and sell?"

"Yes!"

Grace glanced at the twelve gems on the table, looked at the middle-aged man and asked, "What is your asking price?"

The middle-aged man lowered his head and raised his index finger: "One million!"

"..."

Grace heard his quote with some accent and turned to Cheryl with a smile.

"What about you? What do you think of the price?"

"Okay~" Cheryl looked at the Tiffany sapphire in her hand seriously and smiled in surprise.

“It completely exceeded my expectations.”

"Ok!"

Grace nodded to the appraiser very simply, took out her checkbook and wrote a check, saying, "I want this cat's eye stone and the smallest emerald."

"Opal I want a matching gemstone bracelet."

"Emerald, just make a platinum ring."

"Ok."

The appraiser took the check from Grace and carefully checked the numbers. After making sure they were correct, he turned around and handed it to the middle-aged man with a smile.

"This is a $100 million check from Morgan Bank."

“If you don’t have a private account with Morgan Bank yet, we can do it for you.”

"No~I want cash!"

"It's best if they are all old banknotes of small denominations."

"Uh..." The appraiser was speechless.

After hearing this, Cheryl put down the gems in her hand and looked at the middle-aged man with curiosity: "Can you tell me how you brought these gems here?"

The middle-aged man raised his head slightly, his eyes hidden behind his big sunglasses stayed on Cheryl's face, and he whispered after a while.

"You agree to my conditions first, and then I'll tell you."

"...Okay!" Cheryl hesitated, nodded to the appraiser, and watched him walk out of the VIP room.

The middle-aged man looked at the door that had been closed again, pointed at his belly and said.

"I eat them..."

"Uh... uh..." Cheryl's eyes widened instantly, she raised her hands in disbelief, and there were waves of "huge waves" in her stomach. .

Grace looked at the middle-aged man blankly: "She is pregnant and has been having a bad appetite recently."

"But, these gems...are all yours...?"

The middle-aged man looked at Cheryl with her hands raised, as if she was about to vomit. He twitched the corners of his mouth a few times and shook his head slightly.

"Don't get me wrong."

"I went through customs and spit them out in the toilet."

"Oh~"

Grace didn't know whether to believe what this man said, so she responded casually, took out a handkerchief from her pocket, wiped her fingers hard, walked behind Cheryl and smiled.

"The way you look now reminds me of something that boy David once said~"

"Hmm..."

"he?"

"What did he say again?"

"Haha~ He said: Vomit and vomit, and you will get used to it!"

"what?"

Cheryl, whose morning sickness has become more and more serious in recent days, looked up at Cheryl with an "innocent" face and complained.

"Did he also give birth to a child?"

"Hahaha~" Grace helped Cheryl support her back with her hands and laughed.

"Maybe he gave birth to a child in his previous life~"

Cheryl rolled her eyes wildly a few times, raised her hands in surrender to her husband, Tus, and shouted, "You have to watch me... Are you used to vomiting?"

"what?"

Tusi seemed to have just been told to "come to his senses" and looked blankly at his wife who "surrendered".

Grace smiled and sighed helplessly, walked to him, picked up the small bag, and said with a smile: "You learned this by yourself... Don't lose your temper!"

The facial features on Cheryl's face were all "squeezed" together. She had countless complaints in her heart, but she didn't know where to start.

The middle-aged man sitting not far away seemed to find this scene very interesting. He couldn't help but twitch the corner of his mouth and laughed.

----

It's approaching evening.

JFK International Airport, Queens.

A flight from Tokyo landed smoothly on the runway.

Kihara Nobunari and his fiancée Moriyama Tomomi sat in the window seat, looking at the strange and familiar scenery under the sunset outside the window, their hands holding each other tightly.

They were not far in front of them.

Toshiki Wada, the chief adviser of the Yasuda family, refastened the loose buttons on his collar, took a few deep breaths, and his eyes gradually became "sharp".

----

Southeast Texas, Houston.

West of downtown, 19 Piney Point Village, Piney Point Village, Memorial District.

David sat in the study and finished writing a small chapter. He took out the typed manuscript from the printer and handed it to his tutor, Professor Bartley, and said with a smile.

"Today, let's do this for now."

"Wait a moment, your students will be arriving."

"Hmm~"

Professor Bartlet put on his glasses and said while looking at the manuscript.

"When I was first hospitalized, several of them wanted to come over to see me, but I refused them all~"

"Joss Aaron, when he was a graduate student with me, began to use his spare time and holidays to help the school's alumni donation office to raise donations."

"The first summer, he raised $78000 through phone calls."

"Afterwards, he successfully graduated and stayed directly at the school to help manage the Alumni Donation Office, until now."

"I don't know where he learned that you had an agreement with Guy Luther about managing the investment of the endowment fund."

"So he came here specially this time, probably because he wanted to talk to you about this matter."

"Oh~"

David glanced at the "inspirational" weight loss girl Toby Olga with "glazed eyes", walked to the window, stretched and asked with a smile.

"You also know the president of Princeton University, Mr. Guy Luther?"

"Yes~"

Professor Bartley replied casually: "I went to his home in New York several times before he became president."

"After he became the principal, he became busier and busier, and our contact became less and less."

"Um.."

David nodded as a matter of course, curled his lips and sneered: "He has also been busy raising money for the school all day long."

"It's just that the harvest doesn't seem very satisfactory."

Professor Bartley glanced at David, put down the last page of the manuscript, and sighed: "I'm curious, how did you convince him and the Princeton University Board of Regents...?"

"Well... I haven't actively talked to the school board of directors~"

"It was Principal Guy Luther who acted as a bridge of communication and finalized the matter."

"Hehe~"

"Then he just wants you to make money...?!"

"Probably, right." David shrugged very confidently and spread his hands to his mentor.

“I may be the most knowledgeable person in the world on how to help him and Princeton University make more money, bar none!”

"Hahaha~" Professor Bartlett laughed and shook his head, feeling very amused by his "bold words".

David took a deep breath more seriously and said with a smile: "The richer and richer knowledge of economics makes me more and more confident!"

“Explore the fog and peek into the future!”

"Please wait and see~"

"I will use actual actions to prove bit by bit that all my predictions and plans will be successfully realized!"

"Hmm...Okay!" Professor Bartley nodded with an expectant smile.