Fortunately, I immediately thought of someone I could ask for help.
"Is Hyunjoo still in Korea?"
If you work at Golden Gate, you will be familiar with derivatives.
"She went back to Hong Kong a few days ago."
"ah······."
The reason Hyeonju came to Korea was because of the inspection. Since she was on a business trip, it was natural to go back now that the work was done.
"Shall I ask by phone or email?"
I was about to nod but stopped.
"What If she asks you what you want to do with options on futures?"
Taekkyu spoke confidently.
"I would say that I believe in the oracle child's foresight."
"······."
It would be nice if they didn't pack up and come in and tear it up.
After thinking for a moment, I thought of a suitable person.
"There's someone I might want to ask."
I tried calling the number I knew, but it said the number didn't exist. I heard that the number changed after I took a leave of absence, but I haven't contacted them since, so I don't know the new contact information.
It's not that there's no way to find out.
I called the senior who was the vice president of the club.
[hello.]
"Hello, senior Hoyoung. "I'm Kang Jin-hoo, a business major."
[It's been a while, Jinhoo. how have you been doing? Have you been discharged from the military?]
"yes. "I'm contacting you because I have something to ask."
[What?]
"Do you know Sang-yeop's contact information?"
[I don't know... Ah! Woohyun probably knows. Please contact Woohyun.]
"All right."
[When do you go back to school? I need to see your face.]
"yes. "I'll contact you later."
After making several calls to club members, I was finally able to find senior Sang-yeop's contact information.
I called again.
Tudu! Click!
[hello.]
Fortunately, the call was connected.
I spoke quickly.
"This is senior Sang-yeop's phone, right?"
[That's right, who are you?]
"I'm Kang Jin-hoo, a business major."
Then senior Sang-yeop said happily.
[Hey, Kang Jin-hoo! long time.]
"How have you been?"
[I'm living just fine. But what happened?]
"I'll tell you that when I meet you. Do you have time?"
[I'm staying in Suwon these days. Can you come this way?]
"Shall I come now?"
[Not now, but it will be okay after 10 p.m.]
"All right. "Then I'll go accordingly."
After hanging up the phone, Taekgyu asked.
"who is that?"
"His name is Park Sang-yeop, former president of the practical investment club."
"What kind of person is he?"
I said with a grin.
"He's completely lame."
I added a word here.
"And he's also a genius."
There are two types of geniuses in the world. A genius who excels in many fields and a genius who excels in only one field.
Senior Sang-yeop belonged to the latter group.
* * *
Practical Investment Club.
Also known as Siltuari.
Senior Sang-yeop was the club president when I joined.
Since he was young, he has won several times in international competitions with his proficiency in mathematics, and thanks to his winnings, he was able to enter the Department of Mathematics at Korea University.
He grew up in Australia when he was young, so he spoke English to a certain extent, but except for math and English, his scores in other subjects were terrible.
He himself said that if ie was not the selection process for students with special talents, and that it would have been difficult to get into a local university if he had applied based on his CSAT scores.
In fact, except for his major, he barely avoided failing in other subjects. However, when it came to mathematics, he was unrivaled.
The story of how he secretly took a fourth-grade class as a freshman and was so obsessed with a problem the professor gave him that he solved it after three days and nights without eating or drinking was well-known within the school.
Then, by chance, he joined Siltuari, and from then on, he became interested in and fell in love with the stock market.
While he was having fun with stocks through mock investment, senior Sang-yeop noticed a small company called MK Tech, which was listed on the KOSDAQ.
For some reason, he expected the stock to skyrocket more than 10 times. However, there was no investment money in hand.
No matter how much you know it will rise, it is useless if you don't have the money to buy it.
Senior Sang-yeop decided that he could not miss the opportunity, so he immediately moved out of the room he was living in, got his deposit of 5 million won back, and used all of that money to buy MK Tech stocks.
Since he had nowhere else to go,he moved around to his friend's house and to other places, waiting for stocks to rise.
Surprisingly, less than 15 days after purchase, MK Tech hit the upper limit day after day, matching the theme that was popular at the time. It took less than two months for the stock price, which had been at the bottom for several years, to rise tenfold.
When the stock rose tenfold as expected, senior Sang-yeop sold the stock without any hesitation.
In less than a month, 5 million won became 50 million won.
This was just the beginning. Senior Sang-yeop, who was successful in his first investment, had a high GPA in his lectures, gave up his work, and devoted himself to corporate analysis.
Sometimes he suffered losses, but then, as a rule, he quickly took a stop loss and switched to another stock.
As a result of such steady profits, by the time I joined the club, senior Sang-yeop's investment amount had exceeded 300 million won.
300 million won is a lot of money that most college students cannot even touch. If I were an ordinary person, I might have been satisfied with this much.
However, senior Sang-yeop felt inadequate. What was most disappointing was the initial investment.
If the initial investment had been 100 million won, it would have earned 6 billion won. However, since the initial investment was only 5 million won, I only made 300 million(?).
Senior Sang-yeop turned his attention to ways to earn higher profits.
From then on, he accumulated dozens of books, conducted mock investments, and studied and analyzed the options market. When I gained some confidence, a stock caught my eye.
CL Chemical, an affiliate of CL Group, is a large corporation with a high level of technology in the basic materials and battery fields.
Senior Sang-yeop judged that CL Chemical's market price was significantly undervalued and predicted that it would more than double in the future.
So, he cashed out all the stocks he owned and then started buying CL Chemical call options.
At the time senior Sang-yeop purchased the option, CL Chemical's stock price was around 200,000 won. However, just a few days after the purchase, unexpected bad news broke out.
The employee in charge fell victim to email phishing and incorrectly transferred the transaction amount to a false account. $27 million was lost because of that.
At the time, the amount was equivalent to 20 percent of CL Chemical's quarterly operating profit.
Due to completely unexpected bad news, the stock price, which was 200,000 won, fell to 170,000 won, and the value of the call options purchased plummeted in an instant.
In such a situation, senior Sang-yeop chose to take a risk instead of liquidating his position. In addition, they began purchasing options.
Senior Sang-yeop received a loan from a loan company at the highest legal interest rate. He then used that money to buy the call option again.
However, CL Chemical's stock price did not recover until the option expiration date, and the investment amount exceeding 300 million won became 0 won.
When the loan was not repaid after the due date, the loan company began to demand reminders.
Men in black suits visited the club room from time to time. It was illegal collection, but there was no way to respond.
In the end, senior Sang-yeop quit school and disappeared.
Around that time, my family situation became difficult and I enlisted in the military, so I naturally lost contact with him and I haven't heard from him since.
"Eventually, CL Chemical began to attract attention in the battery field and rose by more than 500,000 won, but that was a long time later."
If he had purchased spot stocks rather than options, 300 million would have become 700 million. However, because he tried his hand at options, he couldn't save a single penny.
After hearing the whole story, Taekgyu stuck out his tongue.
"He started with 5 million won, earned up to 300 million won, and ended up in debt? "That person's life is very eventful."
"That's right."
I wonder how he is living now?
* * *
I bowed to the man who was as big as a bear.
"It's been a while, senior."
When I met senior Sang-yeop again, he looked healthier than I thought.
However, he looked 10 years older than before. His tanned face was wrinkled, and although his hair was thin to begin with, it was now almost half bald.
People will probably think of him as an old man with two kids, not a college student.
It looks like you've been through a lot in the past two years.
Senior Sang-yeop welcomed me warmly.
"Did you have a hard time coming."
"Have you eaten yet?"
Senior Sang-yeop nodded.
"This is a busy area, so there are a lot of restaurants. What do you want to eat?"
"Senior, what do you want to eat?"
"Shall we eat pork belly?"
Senior Sang-yeop liked beef rather than pork. He especially liked sirloin.
Because of that, when he was making good money from stocks, every day he would have a club dinner at a sirloin restaurant. Of course, the chairman, Sang-yeop, paid all the expenses.
I told senior Sang-yeop.
"Looking at you, I'm craving sirloin. "I'm going to eat sirloin for the first time in a while."
Senior Sang-yeop then smiled awkwardly.
"I'm sorry, but I'm in a bad place these days..."
I pointed at Taekgyu and said.
"He will pay."
* * *
We sat across from the grill.
Taekgyu looked at the menu and opened his mouth wide.
"omg! 40,000 won per person..."
A guy with a lot of money is surprised by everything.
I took the menu and ordered 3 sirloin portions.
Senior Sang-yeop scratched his head and asked.
"Can I really pay for it?"
"Senior always paid then."
Senior Sang-yeop turned his gaze to Taek-gyu.
"Who is this person?"
Come to think of it, I didn't introduce him.
"He's my friend. "His name is Oh Taek-gyu."
Senior Sang-yeop looked surprised.
"That friend who bought Bantcoin in middle school?"
"yes. that's right."
I once talked about Taek-gyu while drinking.
Senior Sang-yeop clicked his tongue in regret.
"It's a shame. "It would have been great if you had just found the encryption key."
It was not long ago that Taekkyu found a USB containing an encryption key.
"Would you like a drink?"
Senior Sang-yeop shook his head at my question.
"I have to go back to work. "Coke will do."
Anyway, you shouldn't drink Taekgyu because you're driving. I also drink alone, so I ordered two bottles of cola.
Chi-ik!
The meat on the grill was cooking, giving off a fragrant smell.
Senior Sang-yeop ate the sirloin that was only cooked on the outside.
"Hey! "I don't know how long it's been since I last had beef."
Same goes for me.
I always eat flour food at home, but now that I'm eating healthy meat, I think I'll buy some. It is also a moment to realize that humans have evolved through hunting and consuming meat.
"How have you been since you took a leave of absence?"
"For a while, I did whatever I could. I work hard and act as a designated driver. "Now, I'm eating, sleeping, and teaching college entrance exam students at my friend's academy."
"Math?"
Senior Sang-yeop chuckled.
"As you know, I don't have the skills to teach other subjects. "After working hard to earn money, I realized how precious a 100 won coin is."
"Senior has also changed a lot."
When stocks were doing well, it was common to make hundreds a day.so I literally spent money like water.
"Now there are about 20 million left. "I have to work hard for a few months to pay it off."
He was doing well, earning hundreds of millions of won, but he became a debtor overnight. If he had been anyone else, wouldn't he have gotten frustrated and given up?
I felt this from the time I saw him before, but he is really not an ordinary person.
The meat quickly ran out. I ordered 2 additional servings. After all, the meat that someone else buys is the most delicious.
When my stomach was somewhat full, senior Sang-yeop asked.
"But what did you want to meet for?"
"I want to meet you sometime. "I have something to ask you."
"What?"
"I want to know something about futures options."
"To open a futures and options trading account, you need to complete training and also need margin."
"There's no problem with that."
OTK Company is a corporate account.
All types of transactions are already possible.