bitcoin options

[zeded]

I'm thinking of bitcoin options.
for example if you think bit coin price will go up you can profit more with the same amount by using leverage.
like you want to buy 2 bit coins for $102 each and you think it will go up to 150 each. so you buy bit coins with 204 and it becomes $306.
you profited $102. but if you bought bitcoin options that expire in a month with 204$ for $10 dollars each and bit coin price goes up to $150 you can buy them for 102(the strike price) and make $48 profit each so that is $979.2 profit.

also people who think the bit coin price will fall can hedge their bit coins. this is how: for example you think the bit coin price will fall so you sell bit coin options for money and if it goes up you still have the money you made and you get the original decided price for your bit coins. so that way you don't lose unless the bit coin price goes down a lot.
its a good way to make income too. for example you can keep bit coins and earn income by selling bit coin options hedged by the bit coins you have.

what do you think?

[naphto]

what do you think?

I think that it exists already

[Allaboutbit]

I'm thinking of bitcoin options.
for example if you think bit coin price will go up you can profit more with the same amount by using leverage.
like you want to buy 2 bit coins for $102 each and you think it will go up to 150 each. so you buy bit coins with 204 and it becomes $306.
you profited $102. but if you bought bitcoin options that expire in a month with 204$ for $10 dollars each and bit coin price goes up to $150 you can buy them for 102(the strike price) and make $48 profit each so that is $979.2 profit.

also people who think the bit coin price will fall can hedge their bit coins. this is how: for example you think the bit coin price will fall so you sell bit coin options for money and if it goes up you still have the money you made and you get the original decided price for your bit coins. so that way you don't lose unless the bit coin price goes down a lot.
its a good way to make income too. for example you can keep bit coins and earn income by selling bit coin options hedged by the bit coins you have.

what do you think?

There's plenty of room for new platforms in all sectors of bitcoin businesses, just look at all the casino & exchange platforms that are springing up everyday. Just make sure you know how to price the options otherwise you can't get burnt very easily.


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[Allaboutbit]

i can use greeks to price them. but i need people to try them. can you help me?

I can but I need more info. Are you just looking to just let people buy puts & calls from you & your going to write all the contracts, or will the traders have the ability to write contracts as well & you'll charge a commission. If your looking to write all the contracts yourself I'd say be very careful that can get ugly real quick. Either way pm & let's talk I have an extensive background in finance & have been a trader for the last 14++ years.

[daviducsb]

Any luck thus far?

[coor37]

You can use BTClevels - bitcoin binary options trader.