1032200+ entries in 0.84s
gribble: Error: Failure
to retrieve order book data.
Try again later.
mircea_popescu: the price is 8.87 . if
the price moves up (to 8.91 in your example) puts lose money.
Doffx: Where is
the 20 in
that math I guess is
the question
Doffx: Maybe i'm not getting what
this 0.19110000 correlates
to.
gribble: Best bid: 8.87, Best ask: 8.9704, Bid-ask spread: 0.10040, Last
trade: 8.87, 24 hour volume: 261515, 24 hour low: 7.58, 24 hour high: 11.199
Doffx: And it expired on
the 31st at 8.91 btc price
Doffx: Lets says I bought
that 20
Doffx: Right now
there is a sell qty of 20
Doffx: mircea_popescu, let me
try and use
this example and see if you can help me
MadSweeney: I'm sold. I need
this for my btc business
Doffx: Ok its starting
to come
together now
mircea_popescu: MadSweeney
that'd work yea. ideally options are used
to hegde, not
to
try and shoot
the 80% return.
MadSweeney: if I had bought
that P100T option, I've hedged
the 100 btc I purchased @ $12 last week
mircea_popescu: myea. of course
this means
things can also go badly fast, so it's a mixed blessing.
BTC-Mining: I made 40 BTC
trading on MtGox with 320 BTC recently =/
mircea_popescu: and for all
the hee-hawing
there's absolutely no other place
to make 50 bitcoin.
mircea_popescu: C went
to shit cause price went down. when price goes up C is good P is bad. when price goes down
the reverse.
Doffx: Where did you get
the .128 from?
Doffx: The last part helped me, now I just dont understand if I purchase at
that price what it does
Doffx: Id pay
the fee if I could figure out how exactly its going
to benefit me.
BTC-Mining: not sure, but I don't really want
to
try options or pay
the fee for mpex
BTC-Mining: Sounds kind of like leveraged
trading...
mircea_popescu: BTC-Mining on
the other hand, a C020T moves little in value over
the same 11 - 15 price change.
mircea_popescu: if price moves
to say 15,
the C110T is now worth 4/15 which is significant. it went up maybe 1000%
Doffx: I see
that I can currently buy in at 0.54356433 someone selling 1000
BTC-Mining: What's
the difference it makes over just selling/buying BTC?
Doffx: Ok using
the example you gave
Doffx: Trying
to come up with
the right question.
mircea_popescu: BTC-Mining well,
the further in
the money an option is
the less selective it is. most gain is for close and out of money options.
BTC-Mining: so
the loss/win is proportional
to price change?
mircea_popescu: you can never lose more
than what you paid
tho, which is
the great appeal of options.
mircea_popescu: well if it goes
the right way you win, if it goes
the wrong way you lose.
Doffx: how do you lose on
that?
Doffx: yes
that did,
that seems like a pretty safe bet
though
mircea_popescu: current price is published by bitcoincharts, as
the 24 hour average
sgnb: where do you
take cuurent price? mtgox?
mircea_popescu: at any point up until
the 31st of august
the value of
this option is current btc price - 5 / current btc price.
Doffx: If I dont ask any questions ill never get it
though.
Doffx: Remember im completly new
to options and im sorry if my lack of understanding is frustrating :)
Doffx: And when it expires what exactly does
that mean
Doffx: Ok, so is possible
to purchase a call say
today
mircea_popescu: nono. all options expire on
the last friday of
their month
Doffx: For example if I bought 5 O.BTCUSD.C010 at
the 24 hour rate
Doffx: I just get what your doing with
the option yet
Doffx: No
that part is easy
mircea_popescu: i passed on
that because btc had gone
to 15, but if it stays at 7 im prolly going
to do it.
Doffx: I still understand how
to use
the option you have listed yet, I need an example of someone placing an actual order with instruments you have listed.
mircea_popescu: actually
the fee was scheduled
to go
to 50 btc once volume passes 50k
Doffx: I want
to use Mpex hehe
Doffx: How about a discount window at 5BTC
to join
Doffx: I
think you should open up sign-ups again for
the site.
rg: Tired of not being able
to manipulate
the stock market cause of market guidelines?
rg: their costs must be close
to 0
rg: what do
they even need
to invest for
mircea_popescu: you should see
their prospectus. did you know
they do 2/3 OF ALL BTC
TRANSACTIONS ?
rg: mircea
took some god damn initiative
mircea_popescu: satoshidice is going up for ipo, you can put bids in. shares will go out starting on
the 24th midnight gmt.
mircea_popescu: ok, i got
the earth shattering announcement of
the year i
think.
gribble: Best bid: 9.00147, Best ask: 9.05, Bid-ask spread: 0.04853, Last
trade: 9.05, 24 hour volume: 255369, 24 hour low: 7.58, 24 hour high: 11.56192
MadSweeney: no!
the btc price is go back up. mpex fee is getting less cheaper. heh
rdponticelli: But I have no doubt you'll make it better
than zipconf...
rdponticelli: Yes. zip.a is
the bond
that zipconf released...
kakobrekla: i got whippin 15btc of funds for
this on gox
kakobrekla: zipconf didnt manage
to handle what kakobrekla handles in a few hours :p
mircea_popescu: any ideea where
the exact click has
to go in
the gui so
that it doesn't do
that, but instead makes a proper clearsigned document ?
mircea_popescu: currently i am getting something
that LOOKS like
the right
thing
mircea_popescu: ya well hum. im
terying
to help someone remotely and it's not looking
to great
Gladamas: <mircea_popescu> anyone know how you obtain
the results of gpg --clearsign from kleopatra ?
Gladamas: mircea_popescu: it puts it onto
the clipboard
kakobrekla: not interesting enough for anyone
to
test it
mircea_popescu: anyone know how you obtain
the results of gpg --clearsign from kleopatra ?
agath: it's
the sum of all
the
transactions in
the last 24hrs