Bitcoin Forum
March 27, 2017, 12:42:29 PM *
News: Latest stable version of Bitcoin Core: 0.14.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: SELLING: Put options for Sunday June 12 @ $20.  (Read 2003 times)
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 06:45:58 PM
 #1

Up to 5 BTC per user. 1% premium. American-style.EDIT: European-style, price broke $20.

(Will also do Monday June 13th for a 1.5% premium)

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
1490618549
Hero Member
*
Offline Offline

Posts: 1490618549

View Profile Personal Message (Offline)

Ignore
1490618549
Reply with quote  #2

1490618549
Report to moderator
1490618549
Hero Member
*
Offline Offline

Posts: 1490618549

View Profile Personal Message (Offline)

Ignore
1490618549
Reply with quote  #2

1490618549
Report to moderator
Satoshi is no god. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1490618549
Hero Member
*
Offline Offline

Posts: 1490618549

View Profile Personal Message (Offline)

Ignore
1490618549
Reply with quote  #2

1490618549
Report to moderator
1490618549
Hero Member
*
Offline Offline

Posts: 1490618549

View Profile Personal Message (Offline)

Ignore
1490618549
Reply with quote  #2

1490618549
Report to moderator
1490618549
Hero Member
*
Offline Offline

Posts: 1490618549

View Profile Personal Message (Offline)

Ignore
1490618549
Reply with quote  #2

1490618549
Report to moderator
demonofelru
Full Member
***
Offline Offline

Activity: 238



View Profile
June 10, 2011, 06:51:43 PM
 #2

How would the premium be paid and if exercised how could we get the funds to you?

Names do not matter; however, if you insist...id...
cc5alive
Member
**
Offline Offline

Activity: 93



View Profile WWW
June 10, 2011, 06:53:42 PM
 #3

Are you selling them for $20, or at a $20 strike? If so, how much? What documentation are you providing?

Now accepting Bitcoin for the children's book "How to Keep Your Helicopter"
http://altanimus.com/product/how-to-keep-your-helicopter
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 07:00:05 PM
 #4

How would the premium be paid and if exercised how could we get the funds to you?

All payments would be done through MtGox's Send Funds.
Are you selling them for $20, or at a $20 strike? If so, how much? What documentation are you providing?

At a $20 strike. Up to 5 BTC per user. Premium is 1% of the amount.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
warmtrophy
Newbie
*
Offline Offline

Activity: 4


View Profile
June 10, 2011, 07:26:11 PM
 #5

Can you clarify?

So each contract is worth 5 BTC,
5 x $23.6 = $118 x .01% = $1.18 each contract?
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 07:35:17 PM
 #6

Can you clarify?

So each contract is worth 5 BTC,
5 x $23.6 = $118 x .01% = $1.18 each contract?

Yes, at current exchange rates that'd be $1.18 for a 5 BTC (maximum) contract.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
JellyfishRancher
Newbie
*
Offline Offline

Activity: 28



View Profile
June 10, 2011, 07:37:59 PM
 #7

How would we pay, and how are we assured the coins?

TradeHill Referral Code: TH-R1435
Register with my code and receive 10% of trading fees!
See this thread (http://forum.bitcoin.org/index.php?topic=13650.0) for more info.
warmtrophy
Newbie
*
Offline Offline

Activity: 4


View Profile
June 10, 2011, 07:39:05 PM
 #8

Ok, I'll take 5 contracts, let me know payment details.
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 07:40:22 PM
 #9

Ok, I'll take 5 contracts, let me know payment details.

1 contract per user, value can be up to 5 BTC. Sorry if I didn't make that clear.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 07:41:50 PM
 #10

How would we pay, and how are we assured the coins?

You would pay through MtGox if you exercise it (paying the 5 BTC) and the premium can also go through Gox, or through the Bitcoin network proper.

You'd get paid in MtGox USD.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
warmtrophy
Newbie
*
Offline Offline

Activity: 4


View Profile
June 10, 2011, 07:46:16 PM
 #11

Understood, pm or let me know the total & address to send $
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 07:50:04 PM
 #12

Understood, pm or let me know the total & address to send $

Pay the premium through MtGox BTC, send to email natetheis Spaghetti gmail.com.

(Replace Spaghetti with @. I don't like spam Tongue)

Just to set this in stone:

At any point on or before June 13th, Pacific time, the user warmtrophy may send cuddlefish 5 BTC through MtGox, and recieve 100 MtGox USD through the email he sends payment from.

--EDIT EDIT EDIT--
All new options are now European-style as the price has broken $20.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
warmtrophy
Newbie
*
Offline Offline

Activity: 4


View Profile
June 10, 2011, 08:02:45 PM
 #13

The price did not break $20 on Mtgox, the exchange we are using for premium payment and settlement, so the money I sent earlier for the contract,  should still be American style.
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 08:04:53 PM
 #14

The price did not break $20 on Mtgox, the exchange we are using for premium payment and settlement, so the money I sent earlier for the contract,  should still be American style.
Yes, your option was paid prior to the change.
It is still American-style.

Oh, I also need your MtGox email address, turns out that's not displayed to me.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
bitoption
Jr. Member
*
Offline Offline

Activity: 56


View Profile WWW
June 10, 2011, 08:13:18 PM
 #15

Cuddlefish,

Why not just list these on bitoption.org?  We escrow all accounts, and take care of the hassle.

https://bitoption.org

----** 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

-----------------------------------------------------------
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 08:18:28 PM
 #16

Cuddlefish,

Why not just list these on bitoption.org?  We escrow all accounts, and take care of the hassle.

https://bitoption.org
That only creates more hassle. If there is interest on buying through bitoption, I will do it there too.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile
June 10, 2011, 08:31:50 PM
 #17

actually never broke 20 on mtgox,but got close. is back up to 23 now. I am confused though, what is purpose of a put without leverage? ie if someone is sending you 5 btc now and you are sending them $100 now, why wouldn't they just sell their btc on open market?
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 08:37:23 PM
 #18

actually never broke 20 on mtgox,but got close. is back up to 23 now. I am confused though, what is purpose of a put without leverage? ie if someone is sending you 5 btc now and you are sending them $100 now, why wouldn't they just sell their btc on open market?

They didn't have to send now, just the premium.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
jibjabz
Jr. Member
*
Offline Offline

Activity: 59


View Profile
June 10, 2011, 08:56:00 PM
 #19

Lots of resistance at $20 (as I'm sure you knew when you posted this). Still I could definitely see it being broken.

Don't go broke while you're out having fun. Check out Coin Watcher.

Free trial until 6/14. Just add yourself to this group to start receiving e-mail alerts.
cuddlefish
Full Member
***
Offline Offline

Activity: 182



View Profile
June 10, 2011, 08:57:52 PM
 #20

Lots of resistance at $20 (as I'm sure you knew when you posted this). Still I could definitely see it being broken.

Frankly, I'm calling the "BITCOIN CRASHING" people's bluffs.

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!