Estimated profit of 208.9 million USD!
The reason why it was 'estimated profit' was because Zhang Zhe had sold too many shares, a total of more than 8 million shares!
With such a large number of stocks, although they were short and not selling at a high price, it would still take time. During this period of time, the stock price would also change a little.
However, the speed of closing the position was much faster than normal selling. Even if there was some change in the final profit, it was only within a very small range.
He estimated that the final profit should be around 208 million US dollars.(The author doesn't know how to speculate in stocks, so he doesn't know about leverage costs. The profits here shouldn't be compared to reality.)
A little more or less wouldn't have much of an impact.
Theoretically speaking, the stock price of Tesla fell by 16.4% on the first day. Yesterday, the stock price fell from 100 USD to 95 USD, and the decline also reached 5%.
16.4% 5%, the decline should be 21.6%. Zhang Zhe used 100 million USD as leverage and formed a capital of 1 billion USD. He should have earned about 216 million USD.
However, the profit wasn't calculated that way. Yesterday's 5% was based on 100 USD per share.
When Zhang Zhe started to short Tesla stocks, the average price of each stock was around 120 dollars. When the stock price fell to 95 dollars, the price actually fell by more than 20%.
If the price of 120 USD fell by 20%, it would be 96 USD per share. Now that the stock price had dropped to 95 USD per share, he would still have to earn a little more. The profit of 208 million was just in line.
It had only been five days since they started preparing to close the deal, but they had earned more than 200 million USD. This profit was definitely going to explode!
Although they had already started to close their positions, the money had not yet arrived. After washing up, Zhang Zhe called Manager Huang.
They definitely wouldn't dare to swallow the money. Although 200 million was a lot of money, as the largest American stock agency in Jiangsu, Zhejiang, and Luzhou, the boss wouldn't run away just because of 200 million.
Moreover, there were many young masters investing in Fenghui Finance. For example, there were definitely many people like Xu Haoxuan. The boss did not dare to run away.
However, the profit plus the capital was more than 300 million USD, so Zhang Zhe had to be concerned.
It wasn't even eight o'clock yet, but Manager Huang was already awake. He even sent her a message at three in the morning. She wondered why he was so energetic.
However, Zhang Zhe was also concerned about these. Anyway, he would pay the commission that should be given. The rest had nothing to do with him.
"Manager Huang, have my shares been closed?”
"Young Master Zhang, we've already closed all the positions!”
Manager Huang replied,
"Because the closing of the position was completed a little early, I was afraid of disturbing your rest, so I didn't call you to disturb you. I was thinking of calling you later, but I didn't expect you to call me in advance."”
"Mr. Zhang, your earnings this time have been calculated. The total is 209.6 million USD. In addition, the commission for this transaction is 835,000 USD. Because this is your first cooperation with our company, we only charge you 800,000 USD.”
"There's one more thing I want to ask you. Do you need our company to help you exchange this money into RMB?”
For a company like this, the commission per share was about 0.02 USD, but they only helped to buy stocks. There was no trader to help operate.
After Zhang Zhe asked them to help with the acquisition this time, they kept observing the stock price and quickly closed the position at the right time. This required professional traders to operate.
As a result, the commission was slightly higher, and the commission price per share was 0.1 USD.
This time, Zhang Zhe bought 8.35 million shares, and the commission was 835,000 US dollars. This price was very high.
However, if he didn't go through them, Zhang Zhe wouldn't be able to buy American stocks in a short period of time. He wouldn't be able to find a trader to help him operate, and he wouldn't have the qualifications to carry out ten times leverage.
Therefore, compared to the profits, these were nothing. Zhang Zhe replied directly,
"Just deduct the commission from it. You don't have to convert the money into RMB. I'll give you an overseas account later. You just have to transfer the money."”
The profits plus the principal of more than 300 million USD, if they were directly transferred back to the country, not only would they not be used for the time being, but there would also be some risks.
After all, he had too much money, but he did not have the corresponding influence.
Therefore, Zhang Zhe also planned to register an account with a bank such as Swiss Bank or Citicorp Bank. He would temporarily deposit the money there and transfer it back in the future if he needed it.
Anyway, after he bought the villa, he still had about 100 million in his card, which was enough for his daily expenses.
"Alright, Young Master Zhang. I hope our service will satisfy you. If you have similar needs in the future, please take care of our Fenghui Finance.”Manager Huang said.
"Of course, this cooperation is very pleasant. I will definitely look for Manager Huang if I need anything in the future.”
"Hahaha, then I'll be waiting for you, Young Master Zhang!”
After the call, Mu Xiangzi came over and asked with a smile,
"Dear, what's the matter? Why are you so happy?"”
"Of course I'm happy that I made a fortune in the stock market.”
Zhang Zhe reached out and patted her head. He smiled and said,
"You don't know anything about business. It's fine as long as you know that your man is making money. Let's go and have a meal."”
"Yes, my man is the best!”Mu Xiangzi waved his small fist and said in a very cute manner.
"Hahaha, silly."
He had breakfast at the restaurant where he had eaten crab roe buns last time. He ordered two crab roe buns for Mu Xiangzi while Zhang Zhe tried the other breakfast dishes.
After all, although the crab roe buns were delicious, they were easy to get tired of eating them often. He had to change the taste occasionally.
Although the price of this breakfast shop was very expensive, the taste was definitely not a problem. Zhang Zhe was satisfied with a basket of steamed crystal sea cucumber dumplings.
Meizi finished his breakfast, two people drove the car to Zhonghai International Exhibition Center, Xu Haoxuan, Zheng Haitao and others had already passed.
This time, he made more than 200 million USD from the stock market. The exchange rate of 6.15 was 1.28 billion RMB!
After earning so much money, shouldn't he enjoy it?
This was the largest auto show in China this year, with all kinds of luxury cars gathered here.
Coincidentally, there were more than ten parking spaces in his villa. It was time to fill up the garage.
Otherwise, how lonely would it be if there were so many parking spaces but only one Poison?
Men loved cars more. Their cars were like their own children.
If he didn't find a few friends for it to play with, it would be bad if it got depression or something.
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]