Looking for a party that can reserve Bitcoins (aka Call Option) [CLOSED]

Anonymous

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April 16, 2011, 07:52:27 PM
Last edit: April 16, 2011, 09:12:02 PM by Atlas

#1

I want to reserve between 500 to 2100 BTC at the current ask price and have the ability to purchase them at said price within the next 7 days, in addition to paying you a 1% commission at time of transaction. With that said, there will be no absolute obligation to purchase.

Please inform me if you are interested.

NghtRppr

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Re: Looking for a party that can reserve Bitcoins (aka Call Option)

April 16, 2011, 08:13:18 PM

#2

Quote from: Atlas on April 16, 2011, 07:52:27 PM

I want to reserve between 500 to 2100 BTC at the current ask price and have the ability to purchase them at said price within the next 7 days, in addition to paying you a 1% commission at time of transaction. With that said, there will be no absolute obligation to purchase.

Please inform me if you are interested.

You're talking about options which are usually bought. Are you offering to pay something for this?

FreeMoney

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Re: Looking for a party that can reserve Bitcoins (aka Call Option)

April 16, 2011, 08:38:48 PM

#3

Yeah, the other party has no upside they sell at the current price if it goes up and get nothing if it goes down. For this you need to pay up front. Even for a short period this should be non-negligible because of the high volatility lately and in general.

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malditonuke

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Re: Looking for a party that can reserve Bitcoins (aka Call Option)

April 16, 2011, 08:50:14 PM

#4

A reputable market for options trading would be a boon for merchants.

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Re: Looking for a party that can reserve Bitcoins (aka Call Option)

April 16, 2011, 08:54:57 PM

#5

Boon it would be, presenting the global bitcoin stock exchange where you can trade anything you can put in a contract.

http://bitcointalk.org/index.php?topic=5947.msg87515

Launching next week.

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Re: Looking for a party that can reserve Bitcoins (aka Call Option)

April 16, 2011, 09:05:08 PM

#6

Quote from: Atlas on April 16, 2011, 07:52:27 PM

I want to reserve between 500 to 2100 BTC at the current ask price and have the ability to purchase them at said price within the next 7 days, in addition to paying you a 1% commission at time of transaction. With that said, there will be no absolute obligation to purchase.

Please inform me if you are interested.

How much would you pay for this option and how would you pay for the bitcoins if you exercised this option.

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demonofelru

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Re: Looking for a party that can reserve Bitcoins (aka Call Option) [CLOSED]

April 20, 2011, 05:59:19 PM

#7

I agree the volatility on BTC is huge the person writing the call would need a good amount more then 1% there are some dividend paying blue chip stocks you can get 1% for. Not for 7 days of course.

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