Hong Kong variety show: The tycoon who emerged from Portland Street

The stock market opened on Wednesday and its performance was completely different from the previous two days.

Although the upward trend was not obvious due to the influence of the previous two days, it is indeed rising.

As Chen Mo predicted, IBM's stock continued to fall.

By 3 p.m., IBM's stock had fallen to $95, which was already a very low price.

After some consideration, Chen Mo decided it was time to sell the out-of-the-money put options.

Although it hasn't reached the lowest point Chen Mo remembers, its downward trend has begun to slow down.

IBM is, after all, the "Big Blue" of the United States, and has long dominated the global mainframe computer market. Before the rise of personal computers and inexpensive minicomputers, its core business will not be greatly affected, and its stock value will remain high.

Instead of waiting for it to continue falling, it's better to act now and gain a higher time premium.

"Pete, Henry, could you tell me the current price of our out-of-the-money put options?"

Pete quickly asked the price: "Boss, it's $23 now."

"Alright, let's sell all the goods we have!"

The time premium is still $3 now, but if we wait any longer, it might not even be worth $3 anymore.

Following Chen Mo's instructions, the two quickly connected to the exchange and began trading out-of-the-money put options.

Before the stock market closed, the two successfully sold all ten million out-of-the-money put options.

Chen Mo's account received another 230 million, with a cost of 30 million, resulting in a net profit of 200 million US dollars.

"Jimmy, contact the tax lawyer and accountant. Come to Merrill Lynch tomorrow to calculate the taxes. Once the money arrives, we should head back to Hong Kong Island."

"Yay! We can finally go back!"

Upon hearing that he could return to Hong Kong Island, Ah Wah immediately became excited.

Ahua hadn't attended school much, his English was only so-so, and he couldn't do anything Chen Mo assigned him.

His only purpose in coming to New York this time, besides broadening his horizons, was to be a good photographer.

However, following Chen Mo and his family as a photographer every day is just too tiring!

Nothing beats going back to Hong Kong Island, hugging your girlfriend, and being the boss!

Chen Mo's other subordinates were also very happy to hear that they could go back.

They weren't particularly tired; they were used to being bodyguards and didn't find it boring. They simply couldn't get used to the food.

They are all native mainlanders. They could barely get used to the food in Hong Kong, but when they came to the United States, they ate Western food every day and felt terrible.

The next day, Jimmy went to Merrill Lynch himself, accompanied by a financial lawyer and accountant.

Since the taxes are withheld by Merrill Lynch, Chen Mo doesn't need to be involved to handle it.

As for transferring the funds back to Hong Kong Island, that was also agreed upon with Daniel in advance.

In the afternoon, Jimmy returned to report to Chen Mo.

"Brother Mo, the tax issue has been resolved. The state income tax and city income tax, totaling 120 million, have already been withheld by Merrill Lynch."

Daniel promised to transfer the remaining funds to our Citibank Hong Kong Island branch account within three days. At that point, it would be up to us whether we left the money at Citibank or transferred it to another bank.

Chen Mo nodded slightly. One hundred and twenty million in taxes was not much.

He made a profit of approximately US$1.87 billion this time. After deducting the US$500 million he used to buy at the bottom, he still has US$1.37 billion to pay taxes on.

The tax revenue of 120 million yuan is less than nine percent.

Did Daniel say how he helped us transfer the funds?

Jimmy shook his head: "No. But judging from his expression, he seems quite troubled, so the process probably wasn't easy."

Chen Mo scoffed, "How difficult could it be? Even if he doesn't say, I can guess pretty much. The old man is just putting on an act."

"They're probably planning to take advantage of us when we sell our shares again."

Daniel certainly thought so.

The $500 million worth of stocks that Chen Mo bought at the bottom of the market have already risen by more than 8% in just the last two days, and are still rising.

If nothing unexpected happens, Chen Mo will definitely sell these stocks at their peak and cash out.

If Chen Mo's funds are still to be transferred back to Hong Kong Island, he can take the opportunity to make demands.

Although this is something that will happen in the future, it's good to make Chen Mo's people feel that this matter is difficult now, so that there will be a basis for negotiating terms later!

Chen Mo was too lazy to care about Daniel's little schemes; the most important thing was to safely transfer his 1.6 billion US dollars back to Hong Kong Island.

"Since Daniel needs three days to transfer all the funds, let's wait another three days. Jimmy, go arrange the flights for three days from now. We'll leave once the funds are in our account."

Anyway, Hong Kong stocks are currently suspended from trading, and the sharp drop will not occur until the stock market reopens next Monday.

If you want to buy Hong Kong stocks at the bottom, you have plenty of time to go back in three days.

Perfect timing! I'll take advantage of these last few days to explore all the places in New York I haven't been to yet.

Yeah, I'll have another good sparring session with that big foreign woman, Christine.

Next, Chen Mo would accompany Gang Sheng and Qiu Di out shopping and sightseeing during the day, and when he returned at night, he would first exhaust them, and then secretly run to another room to fight with Christine, returning home in the early hours of the morning with his back aching.

Life is tiring but joyful.

On the third night, just as Chen Mo was about to follow Gang Sheng and Qiu Di back to their bedroom, the two stopped him.

"Brother Mo, we're exhausted these past few days. Go wherever you want, don't make us go through all that trouble. We have a flight back tomorrow, can't we at least get some rest for the night?"

Chen Mo smiled somewhat awkwardly: "Well, well, I really do have something important to do. To bring glory to the country, um, to bring glory to the country!"

Christine truly lives up to her reputation as a Western woman; her physique is simply superb. Her fighting power alone far surpasses that of Gang Sheng and Qiu Di combined.

Before she could surrender, Gangsheng and Qiudi had already surrendered.

Tonight, without Gang Sheng and Qiu Di in the first half, Chen Mo was finally able to unleash his full potential and completely subdue Christine, with "oh...yeah..." echoing throughout the night.

Of course, Chen Mo didn't support his back that night; he went home with his back straight!

The following day, the group packed their luggage, checked out of the hotel, and took the luxury car provided by the hotel to the airport.

In the waiting area, Chen Mo noticed Jimmy staring intently at a piece of paper with a furrowed brow and couldn't help but ask, "Jimmy, what's wrong?"

Jimmy looked up and frowned, saying, "The hotel probably made a mistake with our bill. There's an extra room on the bill, which cost us several thousand dollars more."

"Hey, it's just a few thousand dollars, no big deal, it doesn't matter... hiss—"

Before Chen Mo could finish speaking, a sharp pain shot through the soft flesh on both sides of his waist.

Gangsheng and Qiudi were staring at Chen Mo with smiles on their faces, their hands still twisting Chen Mo's waist.

Even with Chen Mo's incredibly strong physique, he was finding it difficult to withstand this woman's ultimate move.