Title: CALLING ALL SHORTS Post by: bitoption on June 06, 2011, 10:14:07 AM Shorts,
You know who you are. It is time to put your money where your mouth is, and do some option trading. https://bitoption.org is up and running. It will keep gaining features this week, but there are currently over $1k USD in options offers on the site, and more coming in quickly. I'll look forward to seeing those bear trades roll in. You now have a way to actively trade against BTC; enjoy! I have had fun building it. Title: Re: CALLING ALL SHORTS Post by: Grant on June 06, 2011, 10:17:28 AM Thumbs up :)
I have a put option up, anyone who believes bitcoin will trade below 20$ in september should short it, if you do and it does trade below 20$ you will PROFIT! Title: Re: CALLING ALL SHORTS Post by: Enky1974 on June 06, 2011, 11:26:51 AM you should increase the session timeout, every 5 min or so i've to login again.
thanks Title: Re: CALLING ALL SHORTS Post by: jed on June 06, 2011, 11:35:43 AM nice.
You should really switch it so the prices are quoted in USD rather than BTC since that is what everyone is used to thinking in. It is a bit annoying to have to go 1/x on everything. Title: Re: CALLING ALL SHORTS Post by: Enky1974 on June 06, 2011, 11:52:28 AM nice. yeah maybe it's better to use USD for strike price and for call/put price.You should really switch it so the prices are quoted in USD rather than BTC since that is what everyone is used to thinking in. It is a bit annoying to have to go 1/x on everything. Title: Re: CALLING ALL SHORTS Post by: Clark on June 06, 2011, 01:56:31 PM I also agree about USD pricing, as that is what the MtGox exchange presents its prices as. Since you're using MtGox data, it would be best to match.
Title: Re: CALLING ALL SHORTS Post by: eturnerx on June 06, 2011, 03:33:38 PM No! Expand to allow put/call options in different currencies as long as BTC is one of them. I'd prefer to hedge my btc in btc.
Title: Re: CALLING ALL SHORTS Post by: SgtSpike on June 06, 2011, 03:35:20 PM Sorry, I'm wearing pants today.
;D Title: Re: CALLING ALL SHORTS Post by: bitoption on June 06, 2011, 04:18:50 PM Re: pricing, what I'm going to do is provide a little switch that will re-render either way. We need to store in BTC for USD because we are also going to do BTC for other underlying items.
Re: BTC for BTC, we launched with that, but it was really confusing. Title: Re: CALLING ALL SHORTS Post by: buryfarmer on June 06, 2011, 06:07:03 PM my balance currently shows:
{"obligations": {"msg": "Obligations includes all written unexercised contracts", "usd": "0", "btc": "0"}, "balances": [["BTC", "0.000000"], ["USD", "0.000000"]]} it should show 10btc Title: Re: CALLING ALL SHORTS Post by: jed on June 07, 2011, 02:41:47 AM I get " there was some sort of problem. Try again." when I try to register.
Are these European or American style options? Title: Re: CALLING ALL SHORTS Post by: Clark on June 07, 2011, 02:54:55 AM Are these European or American style options? They are American options. Title: Re: CALLING ALL SHORTS Post by: bitoption on June 07, 2011, 03:00:02 AM @jed, from the logs, it looks like you didn't enter a password, or yours was too short.. You need a nine character password. If you still have trouble, email me, and I'll get you sorted. The system should complain about a short password, though, so it's a little mysterious.
@buryfarmer, on my side, the ledger that I expect is associated with your account reads 10.0 BTC. Can you confirm that you still get the empty report on your side? It does take a while for confirmation. Title: Re: CALLING ALL SHORTS Post by: jed on June 07, 2011, 04:57:39 PM my password was shorter than 9 characters. but I tried again with a longer version and it did the same thing. I think it maybe because my password had a '#' in it? I tried a different one and it worked.
Title: Re: CALLING ALL SHORTS Post by: fivebells on June 07, 2011, 06:22:35 PM How do you enforce contracts?
Title: Re: CALLING ALL SHORTS Post by: bitoption on June 07, 2011, 06:40:47 PM jed, great.
Re: enforcement -- it's all escrowed, so no worries about trading partners. |