6600+ entries in 0.136s
mjr_: or should i say most
mjr_: don't realize that the wallmakers have all the risk
mjr_: because all those people who think that walls are conspiracies
mjr_: and i don't think their volume is a huge percentage
mjr_: i know of one place where you can short
mjr_: i wonder how many short positions there really are
mjr_: seems like people forget about the old cancel button far too often
mjr_: yep just a bunch of resting orders on a book at a certain price
mjr_: if that isn't fucked up, i don't know what is
mjr_: the jacket he wore sold for 21,000X what barings was sold to ING for
mjr_: that was such a sad movie
mjr_: who would report gribble lag?
mjr_: but the MKOPT seemed straightforward
mjr_: only that you will get a certain number of puts based on the strike/current
mjr_: split doesn't tell you what margin requirements are exactly
mjr_: is that not for split?
mjr_: Each PUT requires an amount of collateral equal to strike / spot BTC .
mjr_: a put at $120 or so would be the other side (not sure max strike atm)
mjr_: but if you figure that's one end of the spectrum
mjr_: now that put would be more than likely worthless to everyone
mjr_: at least that is how it was explained to me...i mean who needs more than a 1 btc for a put struck at $1?
mjr_: the only thing we know is that puts are a function of strike so you could get multiple puts per btc or fewer than 1 puts per btc
mjr_: it depends on strike
mjr_: it is possible to create multiple puts for 1 btc
mjr_: what is the collateral requirement for a 70 put
mjr_: <@gribble> 0.283428571429
mjr_: <Bugpowder> ;;calc 19.84/70
mjr_: Bugpowder: that is the deposit on a 70 btc put?
mjr_: is this at 70 strike?
mjr_: wish i could calc how many puts per btc right now
mjr_: i was saying that i would simply place limit orders at the price i wanted and get filled or no
mjr_: ok...so someone sold around .08
mjr_: who do they buy from?
mjr_: Bugpowder: how is that possible
mjr_: largest land deal in history up to that point
mjr_: like they were epic...british bank selling louisiana to the US for France WHILE france and britain were at war
mjr_: dude, watching barings go under is kinda excruciating but this movie is great
mjr_: going to try and sell some puts to buy calls
mjr_: looking forward to april options
mjr_: well, luckily their possible losses are known
mjr_: so at .08 they look like a bargain for june
mjr_: so caveat emptor market orders may not even have chance at profit
mjr_: roughly double in fact
mjr_: well within a profitable range
mjr_: but then again no one is forcing you to buy at that price
mjr_: so you are saying that the current ask is ridiculous...no one should buy it
mjr_: did not know it changed intraquarter
mjr_: thought it went off the last close
mjr_: collateral is....013?
mjr_: with the seller losing his collateral
mjr_: for the person forcibly liquidated at least
mjr_: but at a profit to you of 2.9x i think
mjr_: you could be forcibly liquidated
mjr_: so i don't see the problem
mjr_: oops, moved the decimal
mjr_: but you'll be autoliquidated in case of collateral being exceeded
mjr_: for june only 1.4 btc
mjr_: so you need to have up 40 million satoshi or 4 btc i think for each contract
mjr_: yeah so 13.92 * 2.9
mjr_: no doesn't work like that
mjr_: its a function of the difficulty as of the last futures contract known
mjr_: the difficulty at that point i thought
mjr_: buying at that ask at least
mjr_: that they would need to triple the difficulty for me to break even?
mjr_: jurov: i had not seen, explained what?
mjr_: the shares you get will be denominated in dollars
mjr_: well...he is selling equity in a us company
mjr_: rough pricing? denomination of payment?
mjr_: anyone get details at all?