Chapter 19: The Prelude to Abduction (5)

  Carl Icahn is how small and familiar, wherever he goes, he can find a suitable back! For example, at the headquarters of BYD, he can leisurely drink coffee while chatting with Yuan Yamei, who has just met! Next to him stands Bob Clammer, who is black-faced and silent. Obviously, this little guy doesn't have Carl Icahn's old rivers and lakes' hooking wrist, so looking at Carl Icahn secretly teasing Yuan Yamei, he has no way!

  When Jerry called him, Carl Ekstrom apologized and put the coffee cup on the saucer, then turned around and left elegantly! Of course, he didn't put Bob Clemens next to Yumi in his eyes. To be precise, he directly ignored this guy!

  He's just an eleven-year-old kid after all. Not every kid in this world is as cunning as Jerry!

  It's obvious that Carl, Iqan has made another unforgettable mistake in his life!

  That bastard! Watching Karl Ikan leave. Cannon Burklemins gritted his teeth in hatred. However, when he heard Yuan Ye Mei call him, he had to put on a smile and turn around. He replied loudly!

  This guy is still pretending! Jerry saw this situation and could only shake his head in frustration. What else can be done?

  Starting from March of a certain year, a dark surge began in Tokyo and gradually spread throughout Japan! A humanoid shark named Carl Ichinose. With one hand grasping stock options and the other holding greenback dollars, he began to shuttle back and forth between major insurance companies in Japan!

  An options contract, originated in the Chicago Board Options Exchange in 1973, is a type of financial derivative that gives the holder the right to buy or sell an underlying asset at a specified price on or before a certain date. The buyer of the contract has the right to exercise the option, while the seller has the obligation to fulfill the terms of the contract if it is exercised. Options contracts can be based on various types of assets, including stocks, stock indexes, currencies, debt instruments, commodities, and futures contracts. There are two basic types of options: call options and put options, also known as buy options and sell options. The holder of a call option has the right to buy an underlying asset at a specified price on or before a certain date, while the holder of a put option has the right to sell an underlying asset at a specified price on or before a certain date.

  Consider a put option on Microsoft stock. Suppose on March 1st of year t, the price of Microsoft stock is $40. An investor pays Morgan Stanley an amount equal to 10% of the value of the shares and buys from Morgan Stanley a put option (one lot being 100 shares) on Microsoft stock. The two parties agree that on March 17th of year t, the investor will sell to Morgan Stanley 100 shares of Microsoft stock at $40 per share. This means that regardless of what the price of Microsoft stock is on March 17th of year t, the investor's purchase price for the 100 shares of Microsoft stock will be $40 per share. If on March 17th of year t, the price of Microsoft stock is higher than $40, then the investor will lose money; otherwise, Morgan Stanley will lose money.

  Whether the contract expires at a higher or lower price, both parties must fulfill the details of the contract!

  The settlement method of the option contract can be either futures delivery or cash settlement (i.e., directly calculating the total amount of the underlying asset specified in the contract and the actual price difference).

  Alright, if you still don't understand, I'll put it even more bluntly!

  Sweet investment found Morgan Stanley, both parties negotiated!

  Sweet investment says: Look, now Microsoft's stock is $8. If next year at this time Microsoft's stock price becomes $10, then I'll give you $2. If it's $12, I'll give you $4, and so on, no upper limit! But if next year at this time Microsoft's stock price is $4, then you have to give me $4, and so on, same as before! Are you willing to make a bet with me?

  Morgan Stanley burst out laughing: You fools! Microsoft's stock price was strong during the dot-com bubble, how could it possibly fall? Moreover, even if Microsoft's stock price fell again, it couldn't become negative. So my profit is unlimited, while my loss is limited! You must be crazy!

  Sweet investment: This can't be guaranteed, it's uncertain when Bill Gates will die.

  Morgan Stanley: Alright, I'll make a bet with you on this newborn! But if we're going to bet, let's bet big. How about... a handshake?

  Sweet investment: no problem, but you need to pay the margin for the old name!

  Morgan Stanley: Nice cooperation!

  After signing the agreement, Ziff ran to Microsoft headquarters and stunned Bill Gates and Paul Allen!

  A year later, Microsoft's stock price plummeted to $40.

  Sweet investment: Does Morgan Stanley dare to call us fools? Hand over the US dollars obediently! ...hands, that is,... times,... times (blade one), more than 100 million US dollars, deducting the old margin, bring out 100 million US dollars, honestly spit it out for me!

  This is an options contract! Another form of betting agreement!

  The King's fund was like the example of the deep investment, and Japan's insurance companies were like Morgan Stanley in the example. Microsoft stock became Nikkei index. A dollar became a strong old point on the Nikkei index. One year became one and a half years! As for how many hands to sign a contract? Well, even Carl Icahn couldn't remember how many hands he signed. In short, Jerry's $5 billion allocation was not enough for him to enjoy one night in Ginza!

  Japanese: What's wrong with this? The American is not only a madman but also an idiot!

  Carl Icahn: The crazy one is not me, the stupid one is not me either. You don't know, actually my boss is from Japan!

  Jerry 8

  older brother) factory

  Morgan Stanley and Solomon Brothers: Somebody's playing a trick, Carl Icahn is playing a trick. What does the big shark want to do? Who tells me what he has done?

  George Soros: Signed the contract, hurry up and retreat. What's the point of managing that infamous big shark?

  Yang Four: It's really strange, we've felt the shadow, but we have no idea what kind of relationship Zhi and Karl Ikan are in!

  Everything went smoothly, and just as Karl stuffed the dollars into his pocket, a whole briefcase full of contracts was locked in the King's Fund safe!

  Karl Ickx stood at the check-in counter of Tokyo airport, stroking his chin and whistling a little tune, "If there's another job as easy as this next time, kid, get in touch with me!"

  Jerry: "Mr. Ikan, don't forget that the $100 million is your salary for two years at King Fund, from March of last year to March of this year! You're on call 24/7, got it? And don't even think about forgetting the confidentiality agreement - if you breathe a word, you'll have to pay damages totaling $10 billion!"

  Karl Ickx turned around. With a wave of his hand, his trip to Japan came to an end! He had no idea that a group of Yang 4 were waiting for him at New York Airport in the United States!

  After a busy April, Yorihito Yamada returned from Thailand, where he was developing markets, back to Japan!