bitoption (OP)
Newbie
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Activity: 56
Merit: 0
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June 06, 2011, 10:14:07 AM |
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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 $1k USD in options offers on the site, and more coming in quickly. I'll look forward to seeing those bear trades roll in. You now have a way to actively trade against BTC; enjoy! I have had fun building it.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Grant
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June 06, 2011, 10:17:28 AM |
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Thumbs up I have a put option up, anyone who believes bitcoin will trade below 20$ in september should short it, if you do and it does trade below 20$ you will PROFIT!
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Enky1974
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June 06, 2011, 11:26:51 AM |
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you should increase the session timeout, every 5 min or so i've to login again. thanks
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jed
Full Member
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Activity: 182
Merit: 107
Jed McCaleb
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June 06, 2011, 11:35:43 AM |
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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.
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Enky1974
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June 06, 2011, 11:52:28 AM |
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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.
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Clark
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June 06, 2011, 01:56:31 PM |
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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.
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eturnerx
Member
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Activity: 84
Merit: 10
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June 06, 2011, 03:33:38 PM |
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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.
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SgtSpike
Legendary
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Activity: 1400
Merit: 1005
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June 06, 2011, 03:35:20 PM |
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Sorry, I'm wearing pants today.
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bitoption (OP)
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Activity: 56
Merit: 0
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June 06, 2011, 04:18:50 PM |
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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.
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buryfarmer
Member
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Activity: 71
Merit: 10
hi
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June 06, 2011, 06:07:03 PM |
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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
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jed
Full Member
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Activity: 182
Merit: 107
Jed McCaleb
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June 07, 2011, 02:41:47 AM |
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I get " there was some sort of problem. Try again." when I try to register. Are these European or American style options?
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Clark
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June 07, 2011, 02:54:55 AM |
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Are these European or American style options?
They are American options.
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bitoption (OP)
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Activity: 56
Merit: 0
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June 07, 2011, 03:00:02 AM |
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@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.
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jed
Full Member
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Activity: 182
Merit: 107
Jed McCaleb
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June 07, 2011, 04:57:39 PM |
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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.
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fivebells
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June 07, 2011, 06:22:35 PM |
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How do you enforce contracts?
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bitoption (OP)
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Activity: 56
Merit: 0
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June 07, 2011, 06:40:47 PM |
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jed, great.
Re: enforcement -- it's all escrowed, so no worries about trading partners.
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