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Author Topic: CALLING ALL SHORTS  (Read 1996 times)
bitoption
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June 06, 2011, 10:14:07 AM
 #1

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.


----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

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1529537596
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Grant
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June 06, 2011, 10:17:28 AM
 #2

Thumbs up Smiley

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!
Enky1974
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June 06, 2011, 11:26:51 AM
 #3

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

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My Blog at http://btctrading.wordpress.com/ | « O Fortuna,velut Luna statu variabilis, semper crescis aut decrescis »
jed
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June 06, 2011, 11:35:43 AM
 #4

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
 #5

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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My Blog at http://btctrading.wordpress.com/ | « O Fortuna,velut Luna statu variabilis, semper crescis aut decrescis »
Clark
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So much code.


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June 06, 2011, 01:56:31 PM
 #6

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.

PGP KEY | 1Bitcoin3Tg2KWyAq3wzivdqwYqGwKYaGd
eturnerx
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June 06, 2011, 03:33:38 PM
 #7

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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June 06, 2011, 03:35:20 PM
 #8

Sorry, I'm wearing pants today.




Grin

bitoption
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June 06, 2011, 04:18:50 PM
 #9

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.

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

-----------------------------------------------------------
buryfarmer
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hi


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June 06, 2011, 06:07:03 PM
 #10

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
jed
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June 07, 2011, 02:41:47 AM
 #11

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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So much code.


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June 07, 2011, 02:54:55 AM
 #12

Are these European or American style options?

They are American options.

PGP KEY | 1Bitcoin3Tg2KWyAq3wzivdqwYqGwKYaGd
bitoption
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June 07, 2011, 03:00:02 AM
 #13

@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.

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

-----------------------------------------------------------
jed
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June 07, 2011, 04:57:39 PM
 #14

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
 #15

How do you enforce contracts?
bitoption
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June 07, 2011, 06:40:47 PM
 #16

jed, great.

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

----** In Beta: The First Bitcoin Options Market ----**

Explanation and discussion: http://forum.bitcoin.org/index.php?topic=9611.0

API Developer Thread:
http://forum.bitcoin.org/index.php?topic=14194.0

-----------------------------------------------------------
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