Bitcoin Forum

Economy => Marketplace => Topic started by: Ian Maxwell on April 23, 2011, 11:08:18 PM



Title: Selling call options ITM!
Post by: Ian Maxwell on April 23, 2011, 11:08:18 PM
Selling one contract for call options on 100 BTC at 150 USD---nearly a $50 intrinsic value! Expiry date July 24. Premium 72 USD (payable through Mt Gox).

I do not have 100 BTC on hand, but do have options on 100 BTC that I can call if necessary.

This offer expires in thirty minutes---who knows how the market will have moved by then?


Title: Re: Selling call options ITM!
Post by: Ian Maxwell on April 23, 2011, 11:22:30 PM
I point out that this is a true offer: I am committed to sell these options at this price to the first responder.


Title: Re: Selling call options ITM!
Post by: travex on April 23, 2011, 11:24:57 PM
I point out that this is a true offer: I am committed to sell these options at this price to the first responder.

Which payment dude, paypal ?


Title: Re: Selling call options ITM!
Post by: Ian Maxwell on April 23, 2011, 11:35:56 PM
Mt Gox if you've got it. ACH otherwise. Or PayPal if you're willing to send it as a "gift" or some other method with no fees. (If you charge back I just won't honor the options.) Post here to claim.

Extending this offer another thirty minutes.


Title: Re: Selling call options ITM!
Post by: travex on April 23, 2011, 11:42:39 PM
Mt Gox if you've got it. ACH otherwise. Or PayPal if you're willing to send it as a "gift" or some other method with no fees. (If you charge back I just won't honor the options.) Post here to claim.

Extending this offer another thirty minutes.

I do have Mt gox but only BTC in my acc,  I can send $$$ as gift for you no problem, but please explain clearly your put option mate, basically do you have any BTC on hand ?


Title: Re: Selling call options ITM!
Post by: demonofelru on April 23, 2011, 11:44:41 PM
I can confirm SunAvatar has options available he purchased from me.  The coins are sitting in clearcoin right now.  Not sure if you want to but feel free to show the status page on the 100 coins might help.


Title: Re: Selling call options ITM!
Post by: demonofelru on April 23, 2011, 11:45:57 PM
Mt Gox if you've got it. ACH otherwise. Or PayPal if you're willing to send it as a "gift" or some other method with no fees. (If you charge back I just won't honor the options.) Post here to claim.

Extending this offer another thirty minutes.

I do have Mt gox but only BTC in my acc,  I can send $$$ as gift for you no problem, but please explain clearly your put option mate, basically do you have any BTC on hand ?

It would be a call option not a put a pretty deep in the money call option at that I'm actually debating buying back my own option lol.


Title: Re: Selling call options ITM!
Post by: travex on April 23, 2011, 11:46:47 PM
I can confirm SunAvatar has options available he purchased from me.  The coins are sitting in clearcoin right now.  Not sure if you want to but feel free to show the status page on the 100 coins might help.

Thx for the info mate, so how long do I have to wait for those coins ?


Title: Re: Selling call options ITM!
Post by: demonofelru on April 23, 2011, 11:47:57 PM
I can confirm SunAvatar has options available he purchased from me.  The coins are sitting in clearcoin right now.  Not sure if you want to but feel free to show the status page on the 100 coins might help.

Thx for the info mate, so how long do I have to wait for those coins ?

If you buy the option call them whenever you see fit.  It's an american style option so you have till the 24th of july.


Title: Re: Selling call options ITM!
Post by: travex on April 23, 2011, 11:50:02 PM
Is this european style or american ?


Title: Re: Selling call options ITM!
Post by: Ian Maxwell on April 23, 2011, 11:52:00 PM
American style.


Title: Re: Selling call options ITM!
Post by: demonofelru on April 23, 2011, 11:52:25 PM
Is this european style or american ?

American so anytime between now and July 24th when it expires.  I'm just about to eat so might not be able to respond for a while.


Title: Re: Selling call options ITM!
Post by: travex on April 23, 2011, 11:55:13 PM
Hmm, interesting, but now the premium is just too high.


Title: Re: Selling call options ITM!
Post by: demonofelru on April 23, 2011, 11:58:23 PM
Wow talk about volatility it's been crazy today just looked at mtgox. lol


Title: Re: Selling call options ITM!
Post by: travex on April 24, 2011, 12:04:07 AM
Wow talk about volatility it's been crazy today just looked at mtgox. lol

Yeah, so the market is so crazy today.


Title: Re: Selling call options ITM!
Post by: Ian Maxwell on April 24, 2011, 12:19:18 AM
Yeah, things have dropped again, but I'm not totally sure they'll stay down. I'd like to see if things move up again, but I can't sit here all night, so I'll revise down to 61 USD for now and leave the offer open until midnight, my time (4:00 UTC).

I consider the offer binding, so please consider your acceptance binding as well.