Bitcoin Forum

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.

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!

you should increase the session timeout, every 5 min or so i've to login again.
thanks

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.

yeah maybe it's better to use USD for strike price and for call/put price.

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.

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.

Sorry, I'm wearing pants today.




;D

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.

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

I get " there was some sort of problem. Try again." when I try to register.
Are these European or American style options?

They are American options.

@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.

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.

How do you enforce contracts?

jed, great.

Re: enforcement -- it's all escrowed, so no worries about trading partners.