Chapter 15
Chapter 15
Fortunately, I immediately thought of someone to turn to for help.
“Is Hyunjoo noona still in Korea?”
If you work at Golden Gate, you’ll be savvy about derivatives.
“I went back to Hong Kong a few days ago.”
“Ah······.”
Hyun-joo’s sister came to Korea because of the due diligence of Bymart. Since he was on a business trip, it is only natural that he should return after work.
“Shall I ask you by phone or e-mail?”
I stopped to nod my head.
“If I ask what you believe in futures options?”
Taehyung said proudly.
“I must say that I believe in the wisdom of the Oracle Eye.”
“·················ogue.”
It would be nice if I didn’t pack my luggage and come in and tear it down.
After thinking for a moment, I thought of a suitable person.
“I have someone to ask.”
I tried to call a known number, but it said no number. I heard that the number changed after taking a leave of absence, but I haven’t contacted them since then, so I don’t know the new contact number.
There is no way to find out.
I called the senior who was the vice president of the club.
[Hello.]“Hello, Hoyoung-senpai. I’m Jin-hoo Kang from the Business Department…”
[Long time no see, Jinhoo. How are you? Have you been discharged from the army?]“Yes. I have a question for you, so I called.”
[What?]“Do you know Sangyeop’s contact information?”
[I don’t know… Ah! Woohyun must know. Call Woohyun once.]“Okay.”
[When do you return to school? I’ll have to see your face.]“Yes. I will contact you later.”
After making several phone calls to the members of the club, I was finally able to find out Sangyeop’s contact information.
I called again.
Tutu! Click!
[Hello.]Fortunately, the call was connected.
I said quickly.
“Is it Sangyeop’s phone?”
[Okay, who are you?]“I’m Jin-hoo Kang from the business department.”
Then Sang-yeop said with pleasure.
[Hey, Jinhoo Kang! A long time.]“How have you been?”
[I’m living well. But what’s going on?]“I will meet you and tell you. Do you have any time?”
[I’m living in Suwon these days, can you come over here?]“Shall we go now?”
[Not now, it will be fine after 10pm.]“Okay. Then I’ll go with you.”
After hanging up the phone, Taek-gyu asked.
“Who is it?”
“This is Park Sang-yeop, the former president of the Practical Investment Club.”
“Who are you?”
I said with a smirk.
“It’s completely stupid.”
I added a word here.
“And he’s also a genius.”
There are two kinds of geniuses in the world. A genius who excels in many fields and a genius who excels in only one field.
Sangyeop senior was among the latter.
* * *
Practical Investment Club.
aka siltuary.
Sangyeop was the club president when I joined.
From an early age, he won several international competitions as a math student, and the award allowed him to enter the Department of Mathematics at Korea University.
He grew up in Australia when he was young, so he spoke some English, but his grades in all other subjects except math and English were poor.
He said he wasn’t the type of special student, and if he had applied for the entrance exam score, it would have been difficult for him to get into a local university.
In fact, except for the major, the other subjects barely escaped failing. But he was unmatched when it came to mathematics.
It was famous in the school that he secretly listened to the 4th grade class when he was a freshman, and got stuck on the professor’s problem and solved it after hanging on for three days and three nights.
Then, by chance, he joined Siltuari, and from then on he became interested in the stock market and immersed himself in it.
While making a mock investment and having fun in stocks, senior Sangyeop paid attention to a small company called MK Tech listed on the KOSDAQ.
For some reason, he expected the stock to soar more than tenfold. However, he had no investment in his hand.
No matter how much you know how high it will go, if you don’t have money to buy it, it’s useless.
Sangyeop, who decided that he could not miss the opportunity, immediately removed the room he was living in and received a deposit of 5 million won back, and with that money he bought all MK Tech stocks.
I had nowhere to go, so I went back and forth with my friend’s house, waiting for the stock to rise.
Surprisingly, in less than a week since I bought it, MK Tech hit the upper limit every day, matching the theme that was popular at the time. It took less than two months for the stock to rise tenfold, after bottoming out for several years.
As expected, when the 10-fold increase, senior Sangyeop sold the stock without any regrets.
In less than a month, 5 million won became 50 million won.
This was just the beginning. Sangyeop, who achieved success in his first investment, gave high grades in lectures and threw me aside and devoted himself to analyzing his business.
He sometimes made losses, but then, as a rule, he made a quick stop loss and switched to another sport.
As a result of such steady profits, by the time I joined the club, Sangyeop’s investment amounted to over 300 million won.
300 million is a huge amount that the average college student cannot even touch. Had he been an ordinary man, he might have been satisfied with this.
However, senior Sangyeop felt it was lacking. What was most disappointing was his initial investment.
If the initial investment had been 100 million, he would have earned 6 billion. However, he earned only 300 million (?) because his initial investment was only 5 million won.
Senior Sangyeop turned his eyes to the way to get higher profits.
Since then, he has piled up dozens of books, simulated investing, and researching and analyzing the options market. When he gained some confidence, a stock caught his eye.
CL Chemical, a subsidiary of CL Group, is a large corporation with high-level technology in basic materials and batteries.
Sangyeop senior judged that the market price of CL Chemicals was remarkably undervalued and predicted that it would more than double in the future.
So, after he liquidated all the stock he had, he went on to buy the CL chemical call option.
When Sangyeop senior bought the option, the stock price of CL Chemical was around 200,000 won. But a few days after I bought it, a terrible thing happened.
The employee in charge was caught by e-mail phishing and incorrectly transferred the transaction amount to a false account. It cost 27 million dollars.
At the time, the amount was equivalent to 20 percent of CL Chemical’s quarterly operating profit.
The stock price fell from 200,000 won to 170,000 won due to unexpected bad news, and the value of the purchased call option plummeted in an instant.
In such a situation, Sangyeop senior chose an adventure instead of liquidating his position. Additional options are being bought.
Sangyeop senior received a loan from a loan company at the highest legal interest rate. And with that money, he bought another call option.
However, the stock price of CL Chemical did not recover until the option expiration date, and the investment of more than 300 million won became 0 won.
When the loan was not repaid after the due date, the lending company began to call.
Men in black suits often visited the club room. It was illegal, but there was no way to respond.
In the end, Sangyeop senior dropped out of school and disappeared.
Around that time, my family’s situation became difficult, and I naturally lost contact with him as I enlisted in the military, and I haven’t heard from him since.
“In the end, CL Chemicals started to attract attention in the battery field and rose over 500,000 won, but that’s a long time ago.”
If you had bought spot stocks rather than options, 300 million would have been 700 million. However, he did not win a penny because he touched the options.
Taek-gyu, hearing the story, put his tongue around him.
“You started with 5 million won, you made 300 million won, and eventually you became a debtor? That person’s life is also very blue.”
“That’s it.”
How do you want to live now?
* * *
I bowed my head to the bear-sized man.
“It’s been a while, senior.”
Sangyeop, whom I met again, looked healthier than I thought.
However, he looked 10 years older than before. His tanned face was wrinkled, and he had little hair from the beginning, but now he was almost half bald.
Perhaps others will think that he is not a college student, but an old man with two children.
It looks like you’ve been through a lot in the past two years.
Senior Sangyeop welcomed me warmly.
“It was hard to come.”
“Have you not eaten yet?”
Sangyeop senior nodded her head.
“This is a downtown area, so there are many restaurants. What do you want to eat?”
“Senior, what do you want to eat?”
“Do you want to eat pork belly?”
Senior Sangyeop preferred beef over pork. She especially liked the sirloin.
She said that every day when she was making a good profit from stocks, she had a club dinner at a sirloin specialty store. Of course, all expenses were paid by the chairman, Sang-yeop.
I told Sangyeop senior.
“Seeing you makes me craving sirloin. Let’s go eat sirloin or something.”
Then Sangyeop senior smiled awkwardly.
“I’m sorry, but I’m in a situation these days……”
I said, pointing to Taek-gyu.
“He will live.”
* * *
We sat with a fire pit in between.
Taek-gyu looked at the menu and opened his mouth wide.
“Ugh! 40,000 won per person……”
A guy with a lot of money is surprised by everything.
“I’ll do it.”
I took the menu board and ordered three sirloin first.
Sangyeop asked, scratching his head.
“Can I really get it?”
“Your senior always bought it.”
Sangyeop senior turned his gaze to Taekkyu.
“Who is this?”
After all, I didn’t introduce myself.
“It’s my friend. My name is Taek-gyu Oh.”
Senior Sangyeop made a surprised expression.
“A friend who bought Vantcoin in middle school?”(Read more @ wuxiax.com)
“Yes. Yes.”
I once talked about Taek-gyu at a drinking party before.
Senior Sangyeop clicked his tongue in regret.
“It’s a shame. It would have been great if I had just found the encryption key.”
It was not long ago that Taek-gyu found the USB containing the encryption key. So I have no choice but to know about the back story.
“Would you like to drink?”
Sangyeop-senpai shook his head at my question.
“I have to go back to work. Coke is fine.”
Anyway, you shouldn’t drink Taek-gyu because of driving. I drink it alone, so I ordered two bottles of Coke.
profit!
The meat on the fire was cooked with a fragrant smell.
Sangyeop senior ate only the outer surface of the cooked sirloin.
“Hey! I don’t know how long it takes to eat beef.”
So do I.
I eat only wheat flour at home every day and eat healthy meat, so I think I will live a little longer. It is also the moment when we realize that humans have evolved by eating meat through hunting life.
“How have you been since your vacation?”
“For a while, I worked random. I work hard, and I do surrogate driving. Now, at the academy I know, I eat and sleep while teaching the entrance exam students.”
“Mathematics?”
Senior Sangyeop laughed bitterly.
“As you know, I am not good at teaching other subjects. After working hard and earning money, I realized how precious a 100-won coin is.”
“Senior has changed a lot too.”
When stocks were doing well, it was not uncommon to make hundreds of dollars a day. The amount of money he earns is so great that he spends it like water.
“Now there are two thousand left. I have to work hard for a few months to pay it back.”
He made hundreds of millions of dollars and went on to become a debtor overnight. Had it been someone else, would he have been frustrated and gave up?
I’ve felt it since the first time I saw it, but I’m really not an ordinary person.
The meat quickly exposed the bottom. I made an extra 2 servings. After all, meat that someone else buys is the best.
When I was full, Sangyeop asked.
“Then why did you ask to see me?”
“I want to see you once. I have something to ask you.”
“What?”
“I want to know a little more about gift options.”
“To create a futures and options trading account, you need to complete training and you need a margin.”
“There is no problem with that.”
OTK Company is a corporate account.
All kinds of transactions are already available.
