:27:01
How big were the losses?
:27:04
- lt's about a million.
- A million quid?!
:27:07
For God's sake, Nick!
:27:10
No, it's all right. lt paid off.
l squared it up.
:27:14
l had to do it to protect the guys.
:27:18
Promise me that you'll
never do that again.
:27:20
- lt's not worth it, Nick.
- l promise.
:27:24
You will give me a heart attack.
:27:28
(they laugh)
:27:31
- Merry Christmas.
- Merry Christmas.
:27:35
(cheering)
:27:41
Fuck off!
:27:45
l really meant it. l was the number one
trader, and as the new year came in...
:27:50
..l was determined to kick
my addiction to the eights account.
:27:53
What will the market do? Long-term?
:27:55
No one thinks long-term,
they think nanoseconds!
:27:57
- Long-term's tomorrow morning.
- Tomorrow, then.
:28:00
- That would be telling.
- Leeson speaks, the market moves!
:28:04
You said it, mate.
:28:07
Pierre.
:28:08
l want to sell the 220 call options
and buy the 200 calls in December.
:28:12
l've got an offer of .1 38 for size.
:28:15
Can you do better?
:28:17
l'll get back to you.
:28:19
Quick as you can, Nick.
l have to move fast.
:28:22
Oui, oui, je suis toujours la.
:28:25
What the hell is he on about,
.1 38 for size?
:28:28
The market in 220 calls is down.
He wants to cut his losses.
:28:31
- Yeah, but why .1 38?
- lt's a ratio.
:28:33
The 200 calls are trading at 1 ,400.
:28:36
Divide 200 by 1 ,400, you get .1 43.
:28:40
All right. But not .1 38.
:28:42
Unless someone's offered him a discount.
Probably Societe Generale.
:28:46
We can't let those wankers
get our biggest client.
:28:49
- What are you gonna do?
- Just have to leg it.
:28:51
Buy the contracts from Pierre
and sell them when the market rises?
:28:55
l thought we were not supposed
to trade for the bank.
:28:58
Pierre? l can do it. What's the exact size?