Saint-loup
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Merit: 2515
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October 25, 2019, 07:16:14 PM Merited by fillippone (1) |
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They're almost the same thing - but only if settlement date of the options coincides with that of the underlying future.
The settlement date will be 4 days before the expiry date of the futures. The last trading/expiration day for each option contract month is the second Exchange business day prior to the last trading day of the underlying futures contract month. The underlying monthly futures contract expires on the 3rd Friday of the month with the last trading day on the Wednesday before expiration; accordingly, the Bitcoin Option Contract will expire on Monday of that week. [...] Rule 24.C.08. Exercise of Options Options on Bakkt Bitcoin (USD) Monthly Futures Contracts are European style options and may only be exercised on the Last Trading Day of the Option Month.
Edit: I saw the message from Javi on the choice between physical or cash settlement of the options. I don’t know his source, but it looks very odd to me, but everything is possible. If I know more, I will let you know.
This choice is a bit fishy. Fractional reserves maybe? Tu quoque, Bakkt? I really don't know. I unleashed my spies in the financial system to have thios mistery solved for you, fellow mates. I hope your spies won't blame me if I share some highly secret documents here...  LOL https://www.docdroid.net/JAWYLRr/19-307-bitcoin-options.pdfAs I said in my precedent post the settlement will be in futures contracts, in positions on the market. So if the caller wants BTCs he will keep his long position opened until the futures settlement and if he prefer money instead he will close his position (or roll it). The Clearing Member representing the Option buyer shall be assigned a long position in the Underlying Futures Contracts if a Call is exercised or a short position in the Underlying Futures Contract if a Put is exercised. (d) All Bakkt Bitcoin (USD) Monthly Futures Contract positions shall be assigned at a price equal to the Strike Price of the Option.
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makrospex
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Activity: 728
Merit: 317
nothing to see here
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October 25, 2019, 07:30:48 PM |
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Still didn't make it outside the big descending triangle. In fact it bounced downward right at the top of it. Bullish, but still waiting until Q1/2020 to pass by. 
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fillippone
Legendary
Online
Activity: 2562
Merit: 18466
Duelbits.com - Rewarding, beyond limits.
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October 25, 2019, 07:39:57 PM |
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<snip>
Well done. You were way more effective than my spies. I will dig into those secret documents. Never saw an option on a future expiring 4 days earlier.
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P_Shep
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Activity: 1823
Merit: 1325
I guess this is OK.
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October 25, 2019, 07:46:30 PM |
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Just been Scrooge Mcducking.
Still seems less than it was a couple of months ago.
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Phil_S
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Activity: 2156
Merit: 1676
We choose to go to the moon
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October 25, 2019, 08:00:41 PM |
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modpleasehelp
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October 25, 2019, 08:04:49 PM |
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Hello again there my freiends. I make a new pridiction about the TA. Readjustmant of my previous one. Today we can expect again another low in the comeing days. Base on the priore low we touch, the violence in the chart can explain the move today on the BULL TRAP. Its again a good tiem to sale all BTC in remaineing portfolio until again it reach low of 2-3k per Bitcoin.
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cAPSLOCK
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Merit: 6177
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October 25, 2019, 08:13:43 PM |
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Hello again there my freiends. I make a new pridiction about the TA. Readjustmant of my previous one. Today we can expect again another low in the comeing days. Base on the priore low we touch, the violence in the chart can explain the move today on the BULL TRAP. Its again a good tiem to sale all BTC in remaineing portfolio until again it reach low of 2-3k per Bitcoin.
Keep it up. You're doing great!
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LFC_Bitcoin
Diamond Hands
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Activity: 3934
Merit: 11552
#1 VIP Crypto Casino
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October 25, 2019, 08:17:13 PM |
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Hello again there my freiends. I make a new pridiction about the TA. Readjustmant of my previous one. Today we can expect again another low in the comeing days. Base on the priore low we touch, the violence in the chart can explain the move today on the BULL TRAP. Its again a good tiem to sale all BTC in remaineing portfolio until again it reach low of 2-3k per Bitcoin.
Fuck off!
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Last of the V8s
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Be a bank
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orangecoin number go up  party tonight
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Arriemoller
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Merit: 1827
Cлaвa Укpaїнi!
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October 25, 2019, 08:40:27 PM |
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As I am not a programmer nor expert in crypto, I have arrived at HODLing some 1% (of my net), the minimum that JJG suggests above. 1% is probably close to what I understand BTC to be. Risks and rewards are both high. 1% is the right amount for me in that if BTC price craters, it changes very little for me. If it climbs to a nice ATH, well great!
If you're only willing to put 1% of your money in something, it's definitely not an 'investment'. A high risk, pump and dump scam maybe, but only willing to risk 1% is not an investment. To me the word investment implies you actually have confidence in what you're purchasing, and 1% is not confidence. That would be gambling, not investing (from the relative viewpoint of the individual). Actually, according to my economics 101 class the only investment a private person can make is purchase of real estate, everything else is consumption. So they can only invest in something they do not own. You own real estate don't you? You rent/lease real estate from the government. Try not paying your "rent" some time and see if you own it. I honestly don't know what you are talking about Elwar, I own real estate and i pay no rent nor enything else to the government or the state. Could you please elaborate.
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Ludwig Von
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October 25, 2019, 08:41:53 PM |
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Hello again there my freiends. I make a new pridiction about the TA. Readjustmant of my previous one. Today we can expect again another low in the comeing days. Base on the priore low we touch, the violence in the chart can explain the move today on the BULL TRAP. Its again a good tiem to sale all BTC in remaineing portfolio until again it reach low of 2-3k per Bitcoin.
How much you have to sell, I want it!
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makrospex
Sr. Member
  
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Activity: 728
Merit: 317
nothing to see here
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Hello again there my freiends. I make a new pridiction about the TA. Readjustmant of my previous one. Today we can expect again another low in the comeing days. Base on the priore low we touch, the violence in the chart can explain the move today on the BULL TRAP. Its again a good tiem to sale all BTC in remaineing portfolio until again it reach low of 2-3k per Bitcoin.
1. We're not friends 2. Youre typos are made up 3. You're looking at the chart upside down 4. You're wrong 5. You're on my ignore list now 6. Welcome the TROLL TRAP 
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_javi_
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October 25, 2019, 08:50:26 PM |
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The recent spike in the number of trolls and bearish newbs is a clear bullish indicator.
go BTC go!
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makrospex
Sr. Member
  
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Activity: 728
Merit: 317
nothing to see here
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October 25, 2019, 08:52:27 PM |
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As I am not a programmer nor expert in crypto, I have arrived at HODLing some 1% (of my net), the minimum that JJG suggests above. 1% is probably close to what I understand BTC to be. Risks and rewards are both high. 1% is the right amount for me in that if BTC price craters, it changes very little for me. If it climbs to a nice ATH, well great!
If you're only willing to put 1% of your money in something, it's definitely not an 'investment'. A high risk, pump and dump scam maybe, but only willing to risk 1% is not an investment. To me the word investment implies you actually have confidence in what you're purchasing, and 1% is not confidence. That would be gambling, not investing (from the relative viewpoint of the individual). Actually, according to my economics 101 class the only investment a private person can make is purchase of real estate, everything else is consumption. So they can only invest in something they do not own. You own real estate don't you? You rent/lease real estate from the government. Try not paying your "rent" some time and see if you own it. I honestly don't know what you are talking about Elwar, I own real estate and i pay no rent nor enything else to the government or the state. Could you please elaborate. Taxes?
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sirazimuth
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Activity: 3724
Merit: 3953
born once atheist
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October 25, 2019, 09:07:20 PM Last edit: October 25, 2019, 09:22:27 PM by sirazimuth |
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.....
Fuck off!
hey man...you just plagiarized me!  (I got 2 merits though CUZ I USED CAPS... lol) (and maybe if I added a pling,I woulda got 3.....)
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LFC_Bitcoin
Diamond Hands
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#1 VIP Crypto Casino
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October 25, 2019, 09:09:49 PM |
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.....
Fuck off!
hey man...you just plagiarized me!  (I got 2 merits though CUZ I USED CAPS... lol) 
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Icygreen
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Activity: 1464
Merit: 1136
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October 25, 2019, 09:32:09 PM |
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Hello again there my freiends. I make a new pridiction about the TA. Readjustmant of my previous one. Today we can expect again another low in the comeing days. Base on the priore low we touch, the violence in the chart can explain the move today on the BULL TRAP. Its again a good tiem to sale all BTC in remaineing portfolio until again it reach low of 2-3k per Bitcoin.
1. We're not friends 2. Youre typos are made up 3. You're looking at the chart upside down 4. You're wrong 5. You're on my ignore list now 6. Welcome the TROLL TRAP  1. He has a troll name (mod-please-help) 2. He has provocative comments 3. Troll me once shame on you 4. Troll me twice i ignore you  I took him as an indicator and bought. Another nobody strolling in at the bottom with advice.  Seen it before
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serveria.com
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Activity: 2618
Merit: 1349
Privacy Servers. Since 2009.
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October 25, 2019, 09:34:11 PM |
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Hello again there my freiends. I make a new pridiction about the TA. Readjustmant of my previous one. Today we can expect again another low in the comeing days. Base on the priore low we touch, the violence in the chart can explain the move today on the BULL TRAP. Its again a good tiem to sale all BTC in remaineing portfolio until again it reach low of 2-3k per Bitcoin.
Dammit 1 merit? Who merited this fuckface? Roach? 
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whiteboy420
Jr. Member
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Activity: 100
Merit: 5
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October 25, 2019, 09:34:27 PM |
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before we break the 200dma its all just a bounce.
added @ 8.7k and have orders (short) until 9k.
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