821500+ entries in 0.502s
jurov`: yes, if you sell
to bot, you need large price movement
ThickAsThieves: but
the price would still need
to move a decent amount
stephengandel: Seems like selling a call I could make money even if
they went down a little bit?
stephengandel: Do bitcoins have
to go down
to 800 for
the p080 contract
to be worth something, or below 800?
ThickAsThieves: last i checked all
the options require extreme price movement
to profit
stephengandel: So for
the p080 contract, it would cost me roughly $1.70
to but
the contract., with bitcoins at a current 1100. What would I make if bitcoins go down
to 1000 or 900?
Apocalyptic: <stephengandel> OK. spread on
the p050 contract appears
to be huge // market makers make money from spread
jurov`: yes. all
these 1000's are MPOE offers. but anyone can make
their own offers.
stephengandel: OK. spread on
the p050 contract appears
to be huge
jurov`: or you place
the buy/sell order at another price and it will also get published at mpex.co
ThickAsThieves: you can only sell options
two ways: If you write
them (margin), or if you buy
them and resell
them
jurov`: for buying or selling you either match
the orders published by MPOE
stephengandel: where can I see
the price of a put? Or am I not understanding
this correctly.
nubbins`: see how
the site modified all
the double-dashes into hyphens?
stephengandel: that was
the price
to sell a call. Is it
the same
to buy a put?
stephengandel: and
the current price of
that contract is 0.07919108 BTCs.
mpexbot: jurov`: An error has occurred and has been logged. Please contact
this bot's administrator for more information.
jurov`: They have recently changed
the lot
to 0.1BTC, so it should be 0.044
stephengandel: OK. But if I bought a put on
the 0.USD.C050T on coinbr, I would have
to put up .44 of a BTC as collateral?
jcpham: rumor is plans
to
tie into -otc gpg keys
stephengandel: No idea. Just
trying
to find out if it is possible
to bet against it. But really don't know. Doing math now.
Apocalyptic: jcpham, why are you promotting
this ill-conceived service ?
jurov`: because loaning bitcoins is
too risky
jurov`: and
that's
the piece
that aint gonna work
jurov`: people like him want
to speculate on btc without being exposed at all
jurov`: You can write option only when you provide
the collateral yourself.
jurov`: Yes, if you insist on margin, it's probably best
to
talk
to mircea_popescu directly.
jurov`: because it's a broker
that enables users
to use one shared mpex account
stephengandel: So
to do
this on coinbr. I would have
to open an account for 30 BTC, $30,000?
ThickAsThieves: if you join you should probly connect with jurov for
the referral, since he got you here :)
jurov`: but even
then, you'll be doing
the saem MKOP/SPPLIT requests with loaned funds
jurov`: stephengandel: yes it's
the same, unless you get margin form mircea_popescu
ThickAsThieves: I
think you would need an MPEx account, and
to negotiate margin with mircea_popescu
ozbot: Call option calculation - Bitcoin Forum -
The Unofficial Bitcoin Forum
stephengandel: Yes.
Trying
to bet on a drop in
the price of bitcoins.
ThickAsThieves: if you are
trying
to write and sell options
that's a bit different
jurov`: and on exercise, you will get (in bitcoins)
the difference between intrinsic value and current 24h weighed price
jurov`: it's call
to buy 0.1btc for $50
stephengandel: OK. On MPEx, what does it mean
that
the price of o.usd.co50T is 0.785
ThickAsThieves: and mircea_popescu runs MPEx,
the exchange it brokers with
jurov`: stephengandel: i'm
the owner of coinbr
ThickAsThieves: ah, one
thing I can
tell you is you will find more ICBIT users in #bitcoin-analysis
stephengandel: OK. On ICBIT
there is a BTC/USC 12.13 contract
that has a range of prices all above
the current price of a bitcoin
to USD. So I am guessing
these are
the strike prices? I was
told
that a contract costs $10. But
that can't be
the same for all
the strike prices. I am
trying
to figure out what it costs
to sell futures contract.
ThickAsThieves: there are several competent and experienced people here
that may be able
to answer different questions best
Azelphur: they don't need
to be aimed at anyone specific
Azelphur: stephengandel:
this is
the channel, so just ask questions in here
ozbot: This Is
the MIT Surveillance Video
That Undid Aaron Swartz |
Threat Level | Wired.com
Azelphur: stephengandel: best way is
to ask in
the channel. It's
the cultural norm on IRC, and you'll get
the best possible answers as others can correct inaccuracies.
jurov`: hello stephengandel, you mailed
to coinbr support yesterday?
stephengandel: Hi. I am a reporter
trying
to understand bitcoin futures. Anyone willing
to help?
nubbins`: anyway,
the bread is fucking delicious, which is what matters, i guess
nubbins`: i created
this sourdough starter last september
nubbins`: i birthed
this sourdough starter last september
nubbins`: i mean, i know
traditional loaves should
davout: nubbins`: i'm not sure
they're supposed
to rise a lot anyway in
the oven
ThickAsThieves: breaking
them in with Fuckin' Problems - ASAP/Drake/Kdot :)
jborkl: ah, I
thought you were having
trouble
taking a dump
nubbins`: the dough rises in
the bowl and again in
the pan, but when i place
the loaves in
the oven,
they don't rise any further
pankkake: screen in a screen is
the norm for me
mod6: now maybe i can lurk on
the dl. hehe.
jborkl: very interesting - I will be back in 20 minutes
to
tell you if
they are at work in suite 303
jborkl: well, I was reading how
the Ravi is/might be a escort
pankkake: who cares if
they are aliens from
the moon
gribble: Error: Failed
to retrieve data.
Try again later.
truffles: i was going
to say he wasnt wearing enough yellow in song
thestringpuller: i don't
think Wiz has
the capacity
to write a love song, or music at all...
pankkake: and here I
thought
that would be an interracial love song
pankkake: "Despite many assuming
the song is a reference
to
the colors of Pittsburgh, Pennsylvania's NFL
team,
the Pittsburgh Steelers,
the song is actually about Khalifa's black-and-yellow striped car"