thanks for payment,
but I want more clarity of criteria for calculating post, I checked, in last 3 week I make 60 post, but you accepted only 13( one week ago 0 from 12! ) I have read rule , maybe my post not very long and valuable, but any post with single word, image post, bump or +1, als any in offtopic tread.
After all, you, their most important function -are shown you the advertised product, they carry out.
Regards
Hi, I understand your logic. But some of your posts are too short, and they are not constructive. Although they also have advertising effect, they bring very little traffic to the site. Oh, I just see that you did not change the link in your signature. Please change that. |
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I think you forgot to include the transaction fee. It would be a long time to get confirm The transaction is small so I did not include the tx fee. I just saw one confirmation. |
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The margin was pretty conservative. It is not arbitrarily set. Currently, the market makers need to use about 40% of the notional value as margin to write a vanilla option contact. We monitor the margin level every 5 minutes. If margin calls happen, we first cancel the user's orders, and if this is still not enough, the user's positions will be closed using market orders. This is stated in the FAQ under the question "What if the seller defaults".
How automated is that process? If Btc-e goes down again and the index goes kilter ... are these margin calls triggered? By 'arbitrarily set' I'm referencing the fact that derivatives exchanges routinely change the margin requirements on their contracts. Of course they will cite reasons, but the changes will always seem arbitrary to others. My point is, you DO have the option of changing the margin requirements at any time, though at 40% it sounds like that shouldn't be necessary. Next few days I will set up a second account to play with the vanilla options a bit. Have a look ... I understand your concerns. We've fixed the bug about the price jump after a price source goes down. So you won't be able to see that again. Currently, it is unlikely for us to change the margin requirement because the volatility right now is pretty low. But if it rises much higher later, we may need to raise the margin requirement. So we cannot say that we will fix the margin level and never change. Of course, if change is needed, we will notify all the vanilla option writers before the change to make sure they will have enough time to add more money to protect their positions. Yes, you are welcome to try our vanilla option at anytime. BTW, I traveled last weekend, so you will see the volume and open interest within this week. |
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Still have a spot for me? If yes I want to enroll. I will change my signature immediately.
Name: avatar_kiyoshi
Posts: 427
Activity: 140
Position: full member
Coinut username: avatar_kiyoshi
i think you have to make at least one trade on coinut.com and you can get answer from wangxixi i see he last active on 6 june OK I will trade ASAP. I must post my trade link here too? Edited: already trade on coinut Hi you need to open a position instead of only an order. |
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is this campagain still open??
can i join this campagain??
thank you.
Thank you for asking. But we do not accept Member at this moment. |
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I'm withdrawing from the campaign.
Thank you.
Hey, if you withdraw now, how can I pay you? |
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Guys, sorry for being late. I just came back from a trip. Now I am still in San Francisco. Will pay you guys within a few hours.
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I finally spent some time familiarizing with the vanilla options ... I'm guessing Coinut is getting minimal volume with these?
The structure and pricing is not intuitive at all. For example, if we look at the 225 calls priced at .000511/.000619 ... it is not immediately clear at what level one would be profitable on either side. (Yes we can do the calculations, but nobody wants to be punching their calculator in a fast market.) Perhaps the contract size would work better at 0.1 btc, with the option prices stated in US$? The prices would be convertible to btc at the moment of order submission, at the current index value.
Currently I use the binary options to position for a flat-to-rising market. If I want to hedge or take a speculative long, for the time being I would probably look elsewhere ...
Before you make an order you'll get a confirmation page and it'll ask for the breakeven price. If I cannot see, at a glance, where the market is at, across different strikes and timeframes, I'm not going to bother 'making an order.' There are other instruments/markets that do this better. Not to mention ... not sure I'm comfortable trusting a new site and their untested margin regime. Note margin requirements - arbitrarily set - are subject to changes 'based on market conditions.' I haven't seen any explanation of how margin calls will be handled. Likely they are automated to some degree ... uggh. The margin was pretty conservative. It is not arbitrarily set. Currently, the market makers need to use about 40% of the notional value as margin to write a vanilla option contact. We monitor the margin level every 5 minutes. If margin calls happen, we first cancel the user's orders, and if this is still not enough, the user's positions will be closed using market orders. This is stated in the FAQ under the question "What if the seller defaults". |
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As some of you have noticed, BTC-e was down and its price become zero in our server. That's why you saw our price index dropped quite a lot. All positions with the price around 150 will be canceled. Sorry for the inconvenience.
Okay that's completely understandable. WIll this problem be fixed if exchanges go down in the future? Thank you for your understanding. Yes definitely. We've fixed the issue. We are now using Bitfinex and Bitstamp. If BTC-e.com comes back again, we will still use it. If all Bitfinex, Bitstamp, and BTC-e.com are down together, which is really rare, we will pause trading immediately. |
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As some of you have noticed, BTC-e was down and its price become zero in our server. That's why you saw our price index dropped quite a lot. All positions with the price around 150 will be canceled. Sorry for the inconvenience.
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you mean you didn't get filled? I have many ghost orders that stay in my open orders occasionally even after I cancelled them. I click cancel again to make sure.
Also I'd be interested in an open interest statistic. Wondering if its possible to incorporate that.
His problem has been fixed. Chriswen, are you using the API to cancel the orders? If you cancel through the interface only, there should be no problem. But there is some issue in the synchronization between API and the interface. Open interest will be added within this week. We are busy with that. |
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There are still a few slots. Please join.
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Within the last 60 minutes I've 'opened' several trades (binary options) that failed to execute. I even crossed the market, my order is still 'opened' but never executed ...
Having trouble saving screenshots ... can't be bothered with it, and giving up for the moment.
Just PMed you. Please check. |
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Mr. Wang,
I know you guys are working on a lot. Just want to illustrate how your current margin regime is limiting your trading volume.
Right now I have a strangle on using binary options, and I'm prepared to hold the entire position through expiration.
With this position I should have 1/2 margin available, which I would like to be trading the 30-min contracts ... but you've tied my hands by requiring margin on both the call and put-sides of my position.
I think you understand ... thanks.
Yeah, someone mentioned this complex margin calculation in this thread. We will be definitely working on it soon. Thank you for the suggestions. |
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is there a spreadsheet for this campaign i can use to track my progress and payments?
Just updated the spreadsheet. Will pay you within a few hours. |
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Any guarantee i get 5 x profit like hyip ponzi ,,? Or just trade in perfect time,,?
Sorry, there is no guarantee. |
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