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Author Topic: Investing in Mircea Popescu's Options Emporium  (Read 23498 times)
MPOE-PR
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June 30, 2012, 06:58:14 PM
 #61

June 2012 Results :

*******************
Operational results, MPOE
*******************

Overall trade 11`109 contracts, of which 3`266 CALL ; 7`843 PUT.

Revenue : 3`036.517555240 BTC, of which :
     *contract sales : 3`035.28351269 BTC
     *contract exercise : 1.23404255 BTC

Expenditure : 1`451.82086411 BTC, of which :
     *contracts bought : 863.81253443 BTC
     *exercise : 409.37082068 BTC
     *capital expenses : 178.63750900 BTC (3`579.91 × 4.99%)

Profit : 1`584.69669113 BTC

*******************
Operational results, MPEx
*******************

Overall trade : 30`072.44838939 BTC
Revenue from sales fee : 60.14489677 BTC
Revenue from new accounts : 80 BTC

Profit : 140.14489677 BTC

*******************
Shareholders table
*******************

Total shares : 1`000`000`000, of which :
     1. Mircea Popescu : 981`651`945 shares,
     2. MPOE.ETF : 4`083`981 shares,
     3. Third parties : 14`264`074 shares.

Total dividend : 1`724.84158790 BTC.

******************
Bondholders table
******************

Total capital : 3`579.91 BTC, of which :
     1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 94.53038499 BTC @ 4.99%
     2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 94.53038499 BTC @ 4.99%
     3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 94.53038499 BTC @ 4.99%
     4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 945.30377439 BTC @ 4.99%
     5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 1918.33834257 BTC @ 4.99%
     6. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 432.67672807 BTC @ 4.99%

To cover : 0 BTC
Loss per BTC : 0.

MPBOR valid 29 July - 27 July : 4.99%.

Final bondholder list :

     1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 94.53038499 BTC
     2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 94.53038499 BTC
     3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 94.53038499 BTC
     4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 945.30377439 BTC
     5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 1918.33834257 BTC @ 4.975%
     6. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 432.67672807 BTC @ 4.99%
     7. Mircea Popescu (last recourse), 5%

******************
Miscellaneous
******************
-----BEGIN PGP SIGNED MESSAGE-----
 Hash: SHA1

Your dividend payment for S.MPOE in total sum of 158469669113 to a notional float of 500000000 has been issued on June 30, 2012, 1:11 am. Feel free to publish this receipt to your shareholders.
 -----BEGIN PGP SIGNATURE-----
 Version: GnuPG v1.4.5 (GNU/Linux)

iD8DBQFP7lJdkhT8a/G2mSERAl++AJ9tHbAMSPtl9u5ijq4ArJVodod+pwCgkkTb
 b2+nxauL3DI3xVOz7mFqvxI=
 =wfYf
 -----END PGP SIGNATURE-----

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MPOE-PR
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July 28, 2012, 04:33:56 AM
 #62

July 2012 Results :

*******************
Operational results, MPOE
*******************

Overall trade 13`608 contracts, of which 5`455 CALL ; 8`153 PUT.

Revenue : 1`990.45529666 BTC, of which :
     *contract sales : 1`965.34657637 BTC
     *contract exercise : 25.10872029 BTC

Expenditure : 1`120.59435595 BTC, of which :
     *contracts bought : 14.74171324 BTC
     *exercise : 975.32207521 BTC
     *capital expenses : 130.53056750 BTC (2`623.73 × 4.975%)

Profit : 869.86094071 BTC

*******************
Operational results, MPEx
*******************

Overall trade : 19`332.34289238 BTC
Revenue from sales fee : 38.66468578 BTC
Revenue from new accounts : 20 BTC

Profit : 58.66468578 BTC
June Report : 140.14489677 BTC

*******************
Shareholders table
*******************

Total shares : 1`000`000`000, of which :
     1. Mircea Popescu : 981`865`443 shares,
     2. MPOE.ETF : 4`073`981 shares,
     3. Third parties : 14`060`576 shares.

Total dividend : 1`068.67052326 BTC.

******************
Bondholders table
******************

Total capital : 2`623.73 BTC, of which :
     1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 94.53038499 BTC @ 4.975%
     2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 94.53038499 BTC @ 4.975%
     3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 94.53038499 BTC @ 4.975%
     4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 945.30377439 BTC @ 4.975%
     5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 1394.83507064 BTC @ 4.975%

To cover : 0 BTC
Loss per BTC : 0.

MPBOR valid 27 July - 31 August : 4.975%.

Final bondholder list :

     1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 94.53038499 BTC
     2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 94.53038499 BTC
     3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 94.53038499 BTC
     4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 945.30377439 BTC
     5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 1918.33834257 BTC @ 4.975%
     6. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 432.67672807 BTC @ 4.99%
     7. Mircea Popescu (last recourse), 5%

******************
Miscellaneous
******************
I.

-----BEGIN PGP SIGNED MESSAGE-----
 Hash: SHA1

Your dividend payment for S.MPOE in total sum of 53433526163 to a notional float of 500000000 has been issued on July 28, 2012, 1:01 am. Feel free to publish this receipt to your shareholders.
 -----BEGIN PGP SIGNATURE-----
 Version: GnuPG v1.4.5 (GNU/Linux)

iD8DBQFQEzoBkhT8a/G2mSERAt/IAJ4vL+JNQ2XaU+SHEH4Zz+4CZ8txhwCgoxIu
 IoNcfnpt4TxvkWM6hTsxeGc=
 =sj/6
 -----END PGP SIGNATURE-----

II. Beginning this month MPEx no longer pays interest on user deposits.

III. Options were upgraded from 1-10 by .5 to 1-20 by a full dollar. The few owners of fractional options now discontinued were upgraded to the most appropriate denomination (for instance, C055T was reissued as C050 and P055T likewise to P060T).

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MPOE-PR
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September 01, 2012, 06:56:26 PM
 #63

    August 2012 Results :

    *******************
    Operational results, MPOE
    *******************

    Overall trade 75`648 contracts, of which -12`312 +7`100 CALL ; -32`472 +23`764 PUT.¹

    Revenue : 10`110.90263456 BTC, of which :
         *contract sales : 10`016.30636953 BTC
         *contract exercise : 94.59626503 BTC

    Expenditure : 14`651.324164215 BTC, of which :
         *contracts bought : 11`562.32029052 BTC
         *exercise : 2`622.33420727 BTC
         *capital expenses : 466.66966642 BTC (9`333.58 × 4.9999%)

    Loss : -4`540.42152965 BTC

    *******************
    Operational results, MPEx
    *******************

    Overall trade : 155`832.72262277 BTC, of which :
         *Revenue from sales fee : 309.03038447 BTC (154`515.19223830 BTC total trade volume)
         *Revenue from new accounts : 940 BTC²
         *Revenue from consultancy and other services : 68.50 BTC

    Expenditure (CSR) : 10 BTC³

    Profit : 1`307.53038447 BTC

    *******************
    Shareholders table
    *******************

    Total shares : 1`000`000`000, of which :
      1. Mircea Popescu : 980`770`396 shares,
           2. MPOE.ETF : 4`077`552 shares,
           3. Others : 15`152`052 shares.

    Total dividend : 1`239.03038447 BTC.

    ******************
    Bondholders table
    ******************

    Total capital : 9`333.58 BTC, of which :
         1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 94.53038499 BTC @ 4.9999%
         2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 94.53038499 BTC @ 4.9999%
         3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 94.53038499 BTC @ 4.9999%
         4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 945.30377439 BTC @ 4.9999%
         5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 1918.33834257 BTC @ 4.9999%
         6. 1Efr7txsbxMu2U5oTnFu4tDHVbVPvRAyBT, 1400.00000888 BTC @ 4.9999%
         7. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 2900.00000888 BTC @ 4.9999%
         8. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8, 1886.34671031 BTC @ 4.9999%

    To cover : 4`540.42152965 BTC
    Loss per BTC : 0.48646087.

    MPBOR valid 1 through 28 September : 4.9999%.

    Final bondholder list :
         1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 48.54505081 BTC
         2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 48.54505081 BTC
         3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 48.54505081 BTC
         4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 485.45046937 BTC
         5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 985.14178622 BTC @ 4.975%
         6. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 432.67672807 BTC @ 4.99%
         7. 1Efr7txsbxMu2U5oTnFu4tDHVbVPvRAyBT, 718.95477396 BTC @ 4.9999%
         8. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 1489.26345546 BTC @ 4.9999%
         9. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8, 968.71283151 BTC @ 4.9999%
         10. Mircea Popescu (creditor of last resort)

    *******************
    Miscellaneous
    *******************

    I. MPOE suffered what might very well be insider trading.

    A good amount of CALLs were bought in July (over 1k), added to which a good amount bought since (over 2k) as well as a good amount of in the money PUTs were sold short (P180T, P190T, P200T, in total over 5k). The CALLs were executed shortly before the closure announcement of Bitcoin Savings and Trust. The PUTs were rebought on the market soon after the announcement, purchases continuing to the reversal of the position (the bot went from +5k to -5k on its book on those three MPSICs). The total losses resulting from these operations are roughly 4`500 BTC, which pretty much cover the month’s poor results.

    It’s unclear to me what would be the appropiate steps, either to establish the truth on the matter (the suspicion might in fact be unwarranted) or to guard against similar occurences in the future. It seems to me improbable that the preventing of market manipulation can be accomplished by one Mircea Popescu, or even by any one entity in a market made out of pseudonymous or anonymous participants. There’s the possibly reasonable hope that as the market matures such movements become impossible, especially as the various amateurs with pretention of “knowing finance” who are capable of throwing hundreds of thousands of BTCs into pyramid schemes smarten up or go bankrupt.

    While painful, the current month is also replete with records, and rather plainly demonstrates the are the limits of exposure for MPOE financing bonds. In July, a month during which BTC went pretty much linearly from ~6.5 to ~9.5 (+46%) MPOE stayed above water, realising net profits of ~870 BTC. In August, during which BTC went from ~9.5 to ~15.5 (+63%) and then back to ~10.5 (-32%) MPOE suffered losses equal to approximately half its trading capital (as computed by the new rules, introduced back in April), thus confirming the evaluations made at the begining of the year with regards to the worst case scenario.

    II. MPEx proved its value this month - it is the first time since it was acquired that it generates larger revenue than MPOE. A significant group of newly registered users (especially significant with regards to their activity, this metric nearly doubling the current month) as well as the sales volume increase brought significant sums to investors.

    Considering that the main competitor managed a total volume since its launch (in January) of approximately 250`000 BTC (roughly 30k a month) while MPEx has had transactions well in excess of 150`000 BTC this month alone we can conclude that MPEx currently holds a large majority of the BTC denominated financial instruments market.

    It’s to be expected we find ourselves at a point of inflection. The low transaction costs, the significant volume, notable security, speed and availability advantages, various other strong points (free transfers, margin etc) are likely to convince pretty much all investors to open accounts in the coming months. As such we expect increasing revenue for the future.

    III. F.PURE.SYNTH is withdrawn due to lack of interest shown by investors. All outstanding shares were rebought, the current float being 0.

    IV. In April MPEx announced that it was looking for a market-maker for either options or futures based on difficulty. The third party selected to fulfill this role has offered options according to the specifications laid out then, without interruption until today.

    Unfortunately, a string of losing transactions in the current month put that third party in the position of not being able to continue offering these options in the future. All holders have received their due BTC, but starting with September O.HASH will no longer be available on MPEx.

    We are open to bringing this or a similar product back to the market, with the caveat that the correct valuation thereof has proven in practice to be more difficult than it seemed in theory.

    V. To allow for a fairer pricing of risk, starting in September the limit on bonds interest is lifted (it was 2% at launch and then 5% starting in May).

    Mircea Popescu will continue to supplement any capital shortfall, at an interest equal to the last bond but not less than the MPBOR for the previous month.

    Due to this modification, all investors are given a two day grace period (until 23:59:59 GMT on the 2nd of September), during which they can withdraw or add new sums which will be considered for the current month (September).

    ---------

    1) Contracts traded between third parties without MPOE's participation reached significant volume this month for the first time (10`628 O.BTCUSD.P190T and 17300 O.BTCUSD.P200N). This means the total number of traded contracts on MPEx during August was a record 103`576.

    2) About a third of new registrations this month took place after the announcement of the S.DICE IPO.

    3) 5 BTC to the Open Transactions project, 5 BTC to Azelphur to encourage quote stream bot development.
    [/list]

    My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
    ciuciu
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    September 02, 2012, 12:05:19 AM
     #64

      August 2012 Results :

      *******************
      Operational results, MPOE
      *******************

      Overall trade 75`648 contracts, of which -12`312 +7`100 CALL ; -32`472 +23`764 PUT.¹

      Revenue : 10`110.90263456 BTC, of which :
           *contract sales : 10`016.30636953 BTC
           *contract exercise : 94.59626503 BTC[/list]

      Expenditure : 14`651.324164215 BTC, of which :
           *contracts bought : 11`562.32029052 BTC
           *exercise : 2`622.33420727 BTC
           *capital expenses : 466.66966642 BTC (9`333.58 × 4.9999%)

      Loss : -4`540.42152965 BTC

      *******************
      Operational results, MPEx
      *******************

      Overall trade : 155`832.72262277 BTC, of which :
           *Revenue from sales fee : 309.03038447 BTC (154`515.19223830 BTC total trade volume)
           *Revenue from new accounts : 940 BTC²
           *Revenue from consultancy and other services : 68.50 BTC

      Expenditure (CSR) : 10 BTC³

      Profit : 1`307.53038447 BTC

      *******************
      Shareholders table
      *******************

      Total shares : 1`000`000`000, of which :
        1. Mircea Popescu : 980`770`396 shares,
             2. MPOE.ETF : 4`077`552 shares,
             3. Others : 15`152`052 shares.

      Total dividend : 1`239.03038447 BTC.

      ******************
      Bondholders table
      ******************

      Total capital : 9`333.58 BTC, of which :
           1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 94.53038499 BTC @ 4.9999%
           2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 94.53038499 BTC @ 4.9999%
           3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 94.53038499 BTC @ 4.9999%
           4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 945.30377439 BTC @ 4.9999%
           5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 1918.33834257 BTC @ 4.9999%
           6. 1Efr7txsbxMu2U5oTnFu4tDHVbVPvRAyBT, 1400.00000888 BTC @ 4.9999%
           7. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 2900.00000888 BTC @ 4.9999%
           8. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8, 1886.34671031 BTC @ 4.9999%

      To cover : 4`540.42152965 BTC
      Loss per BTC : 0.48646087.

      MPBOR valid 1 through 28 September : 4.9999%.

      Final bondholder list :
           1. 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 48.54505081 BTC
           2. 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 48.54505081 BTC
           3. 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 48.54505081 BTC
           4. 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 485.45046937 BTC
           5. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 985.14178622 BTC @ 4.975%
           6. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 432.67672807 BTC @ 4.99%
           7. 1Efr7txsbxMu2U5oTnFu4tDHVbVPvRAyBT, 718.95477396 BTC @ 4.9999%
           8. 1A2hqHVSUERAT3t1yJ7ggYCQccvH6pZGZm, 1489.26345546 BTC @ 4.9999%
           9. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8, 968.71283151 BTC @ 4.9999%
           10. Mircea Popescu (creditor of last resort)

      *******************
      Miscellaneous
      *******************

      I. MPOE suffered what might very well be insider trading.

      A good amount of CALLs were bought in July (over 1k), added to which a good amount bought since (over 2k) as well as a good amount of in the money PUTs were sold short (P180T, P190T, P200T, in total over 5k). The CALLs were executed shortly before the closure announcement of Bitcoin Savings and Trust. The PUTs were rebought on the market soon after the announcement, purchases continuing to the reversal of the position (the bot went from +5k to -5k on its book on those three MPSICs). The total losses resulting from these operations are roughly 4`500 BTC, which pretty much cover the month’s poor results.

      It’s unclear to me what would be the appropiate steps, either to establish the truth on the matter (the suspicion might in fact be unwarranted) or to guard against similar occurences in the future. It seems to me improbable that the preventing of market manipulation can be accomplished by one Mircea Popescu, or even by any one entity in a market made out of pseudonymous or anonymous participants. There’s the possibly reasonable hope that as the market matures such movements become impossible, especially as the various amateurs with pretention of “knowing finance” who are capable of throwing hundreds of thousands of BTCs into pyramid schemes smarten up or go bankrupt.

      While painful, the current month is also replete with records, and rather plainly demonstrates the are the limits of exposure for MPOE financing bonds. In July, a month during which BTC went pretty much linearly from ~6.5 to ~9.5 (+46%) MPOE stayed above water, realising net profits of ~870 BTC. In August, during which BTC went from ~9.5 to ~15.5 (+63%) and then back to ~10.5 (-32%) MPOE suffered losses equal to approximately half its trading capital (as computed by the new rules, introduced back in April), thus confirming the evaluations made at the begining of the year with regards to the worst case scenario.

      II. MPEx proved its value this month - it is the first time since it was acquired that it generates larger revenue than MPOE. A significant group of newly registered users (especially significant with regards to their activity, this metric nearly doubling the current month) as well as the sales volume increase brought significant sums to investors.

      Considering that the main competitor managed a total volume since its launch (in January) of approximately 250`000 BTC (roughly 30k a month) while MPEx has had transactions well in excess of 150`000 BTC this month alone we can conclude that MPEx currently holds a large majority of the BTC denominated financial instruments market.

      It’s to be expected we find ourselves at a point of inflection. The low transaction costs, the significant volume, notable security, speed and availability advantages, various other strong points (free transfers, margin etc) are likely to convince pretty much all investors to open accounts in the coming months. As such we expect increasing revenue for the future.

      III. F.PURE.SYNTH is withdrawn due to lack of interest shown by investors. All outstanding shares were rebought, the current float being 0.

      IV. In April MPEx announced that it was looking for a market-maker for either options or futures based on difficulty. The third party selected to fulfill this role has offered options according to the specifications laid out then, without interruption until today.

      Unfortunately, a string of losing transactions in the current month put that third party in the position of not being able to continue offering these options in the future. All holders have received their due BTC, but starting with September O.HASH will no longer be available on MPEx.

      We are open to bringing this or a similar product back to the market, with the caveat that the correct valuation thereof has proven in practice to be more difficult than it seemed in theory.

      V. To allow for a fairer pricing of risk, starting in September the limit on bonds interest is lifted (it was 2% at launch and then 5% starting in May).

      Mircea Popescu will continue to supplement any capital shortfall, at an interest equal to the last bond but not less than the MPBOR for the previous month.

      Due to this modification, all investors are given a two day grace period (until 23:59:59 GMT on the 2nd of September), during which they can withdraw or add new sums which will be considered for the current month (September).

      ---------

      1) Contracts traded between third parties without MPOE's participation reached significant volume this month for the first time (10`628 O.BTCUSD.P190T and 17300 O.BTCUSD.P200N). This means the total number of traded contracts on MPEx during August was a record 103`576.

      2) About a third of new registrations this month took place after the announcement of the S.DICE IPO.

      3) 5 BTC to the Open Transactions project, 5 BTC to Azelphur to encourage quote stream bot development.


      Are you sure you are not trading with yourself, porno Mircea?

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      September 02, 2012, 05:29:01 AM
       #65

      How can you lose? Aren't you hedging your positions? Spreads are one kilometer wide...

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      September 02, 2012, 05:34:11 AM
       #66

      Quote
      Loss : -4`540.42152965 BTC

      lol

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      September 03, 2012, 04:36:01 PM
       #67

      Andrew Vorobyov: http://polimedia.us/trilema/2012/sa-ne-jucam-de-a-investitiile-n-bitcoini/#comment-78745 here's how the thing works.

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      September 03, 2012, 06:27:05 PM
       #68


      I did not understand how you manage your option positions from this post... anyway you should look at these pages

      http://www.theoptionsguide.com/options-arbitrage.aspx

      http://www.probabilityofsuccesstrading.com/?page_id=1235

      http://www.probabilityofsuccesstrading.com/?page_id=1230

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      September 16, 2012, 08:06:18 PM
       #69

      Operational results, MPOE
      *******************

      Overall trade 75`648 contracts, of which -12`312 +7`100 CALL ; -32`472 +23`764 PUT.

      Could you describe what that breakdown is?

      Does that refer to how many MPOE had to be the counterparty for versus both sides being private parties?  Or ... ended in the money, or?

      Incidentally, monthly results summarized here:

       - https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdFBCN29xMEtJbEdMOXEyN2pWTllId2c

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      September 22, 2012, 09:13:24 PM
       #70

      Quote
      Could you describe what that breakdown is?

      MPOE bought 7,100 CALL contracts. MPOE sold 12,312 CALL contracts. MPOE bought 23,764 PUT contracts. MPOE sold 32,472 PUT contracts.

      Nice spreadsheet thing.

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      September 24, 2012, 12:12:34 AM
       #71

      Quote
      Could you describe what that breakdown is?

      MPOE bought 7,100 CALL contracts. MPOE sold 12,312 CALL contracts. MPOE bought 23,764 PUT contracts. MPOE sold 32,472 PUT contracts.

      So in the case where I have a CALL that I offer to sell and that gets purchased by another individual trader, does that volume appear in your +/- (bought/sold) numbers?

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      September 24, 2012, 07:00:23 PM
       #72

      No, it does not. Of the > 100k contracts traded last month, the MPOE bot was a counterparty for about 75k.

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      September 29, 2012, 02:16:49 AM
       #73

      September 2012 Results


      *******************
      Operational results, MPOE
      *******************


      Overall trade 83`975 contracts, of which -22`380 +27`041 CALL, -17`973 +16`581 PUT.

      Revenue : 17`307.84070878 BTC, of which :
           *contract sales : 11`832.38122042 BTC
           *contract exercise : 5`475.45948836 BTC

      Expenditure : 13`022.03561971 BTC, of which :
           *contracts bought : 12`159.78700969 BTC
           *exercise : 356.05882002 BTC
           *capital expenses : 506.18979000 BTC (9`925.29 × 5.1%)

      Profit : 4`285.80508907 BTC

      *******************
      Operational results, MPEx
      *******************

      Revenue :
           *Revenue from sales fee : 178.76035049 BTC (89`380.17524822 BTC total trade volume)
           *Revenue from new accounts : 330 BTC
           *Revenue from consultancy and other services : 19.39947205 BTC

      Expenditure :
      CSR : 10 BTCi

      Profit : 518.15982254 BTC

      *******************
      Shareholders table
      *******************

      Total shares : 1`000`000`000, of which :
           1. Mircea Popescu, 980`693`871 shares,
           2. MPOE.ETF, 1`655`816 shares,
           3. Others, 17`650`313 shares.

      Dividend total : 4`872.46491161ii BTC.

      ******************
      Bondholders table
      ******************

      Total capital : 9`925.29 BTC, of which :
           1. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW 4294.81049389 BTC @5.1%
           2. MPCD.x 500 BTC @5.1%
           3. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8 5130.47950611 BTC @5.1%

      To cover : 0 BTC
      Loss per BTC : 0.

      MPBOR valid 29 September through 26 October : 5.1%.

      Final bondholder list :
           1. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW 4294.81049389 BTC
           2. MPCD.x 500 BTC
           3. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8 5130.47950611 BTC
           4. Mircea Popescu (creditor of last resort)

      i. C Bitcoin client.
      ii. 68.5 BTC retained since August.

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      September 29, 2012, 03:42:15 AM
       #74







      Chart (Same URL but chart will be updated after each month's results):
       - https://docs.google.com/spreadsheet/oimg?key=0AmcTCtjBoRWUdFBCN29xMEtJbEdMOXEyN2pWTllId2c&oid=2&zx=svkcdxnybxi

      Data:
       - https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdFBCN29xMEtJbEdMOXEyN2pWTllId2c

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      September 29, 2012, 01:24:45 PM
       #75


      Very nice!

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      October 27, 2012, 05:03:48 PM
       #76

      October Results

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      October 27, 2012, 05:26:09 PM
       #77



      Second highest month for CALL options but a slower month for PUTs:




      Interestingly though, less than twelve hours into this next month (November, 2012 expiration) there were 20,000 PUTS sold:
       - http://polimedia.us/bitcoin/mpex.php


      [Edit:

      This is good reading for anyone looking at trading CALL and PUT options on MPOE:

      Using MPOE - A beginner's guide.
       - http://bitcointalk.org/index.php?topic=67302.0 ]

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      October 28, 2012, 11:32:24 AM
       #78

      Second highest month for CALL options but a slower month for PUTs:

      Part of the problem with this is that mixing together long and short positions results in some ambiguity. The practical difference between someone going long CALL or short PUT is not much, both are long plays on BTC. Conversely short CALL / long PUT are both short plays on BTC.

      This isn't the first time better graphs of historical options use were discussed, let me see if I can come up with something. (edit: voila!)

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      October 28, 2012, 12:06:56 PM
       #79

      It's not so clear, because you can not see my full position. I can be long BTC at 9 and sell CALL @ 12.

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      October 28, 2012, 02:17:56 PM
       #80

      It's not so clear, because you can not see my full position. I can be long BTC at 9 and sell CALL @ 12.

      That's for sure.

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