Hi,
I witnessed a bit of a bug where the index was at $150. It's slightly worrying. Hopefully when you get the problem resolved you can offer an explanation.
Topic: [ANN] Coinut.com - The only Bitcoin Options Exchange [beta] - page 18. (Read 34182 times)
Just added two tutorials about how to trade options in Coinut.com
https://coinut.com/how-to-trade
https://coinut.com/how-to-trade
you mean you didn't get filled? I have many ghost orders that stay in my open orders occasionally even after I cancelled them. I click cancel again to make sure.
Also I'd be interested in an open interest statistic. Wondering if its possible to incorporate that.
Also I'd be interested in an open interest statistic. Wondering if its possible to incorporate that.
His problem has been fixed. Chriswen, are you using the API to cancel the orders? If you cancel through the interface only, there should be no problem. But there is some issue in the synchronization between API and the interface.
Open interest will be added within this week. We are busy with that.
you mean you didn't get filled? I have many ghost orders that stay in my open orders occasionally even after I cancelled them. I click cancel again to make sure.
Also I'd be interested in an open interest statistic. Wondering if its possible to incorporate that.
Also I'd be interested in an open interest statistic. Wondering if its possible to incorporate that.
Within the last 60 minutes I've 'opened' several trades (binary options) that failed to execute. I even crossed the market, my order is still 'opened' but never executed ...
Having trouble saving screenshots ... can't be bothered with it, and giving up for the moment.
Having trouble saving screenshots ... can't be bothered with it, and giving up for the moment.
Just PMed you. Please check.
Within the last 60 minutes I've 'opened' several trades (binary options) that failed to execute. I even crossed the market, my order is still 'opened' but never executed ...
Having trouble saving screenshots ... can't be bothered with it, and giving up for the moment.
Having trouble saving screenshots ... can't be bothered with it, and giving up for the moment.
Mr. Wang,
You might consider presenting your platform on Elitetrader.com (ET).
Lots of experienced options traders discuss strategies there, and some have familiarity with BTC as well. For many traders the actual underlying asset is almost irrelevant, as you probably know. ET readers do trade in reasonable volume. Not sure how much ET will let you promote before hitting you up for a paid banner or such.
In your shoes I would be letting everybody on ET know what you have. A handful of those guys are very, very seasoned traders ... with some prop and institution background.
ET has a sub-forum dedicated to Options and one dedicated to Cryptocurrency as well. You might begin by starting a thread in each, and see where it goes.
You might consider presenting your platform on Elitetrader.com (ET).
Lots of experienced options traders discuss strategies there, and some have familiarity with BTC as well. For many traders the actual underlying asset is almost irrelevant, as you probably know. ET readers do trade in reasonable volume. Not sure how much ET will let you promote before hitting you up for a paid banner or such.
In your shoes I would be letting everybody on ET know what you have. A handful of those guys are very, very seasoned traders ... with some prop and institution background.
ET has a sub-forum dedicated to Options and one dedicated to Cryptocurrency as well. You might begin by starting a thread in each, and see where it goes.
Mr. Wang,
I know you guys are working on a lot. Just want to illustrate how your current margin regime is limiting your trading volume.
Right now I have a strangle on using binary options, and I'm prepared to hold the entire position through expiration.
With this position I should have 1/2 margin available, which I would like to be trading the 30-min contracts ... but you've tied my hands by requiring margin on both the call and put-sides of my position.
I think you understand ... thanks.
I know you guys are working on a lot. Just want to illustrate how your current margin regime is limiting your trading volume.
Right now I have a strangle on using binary options, and I'm prepared to hold the entire position through expiration.
With this position I should have 1/2 margin available, which I would like to be trading the 30-min contracts ... but you've tied my hands by requiring margin on both the call and put-sides of my position.
I think you understand ... thanks.
Yeah, someone mentioned this complex margin calculation in this thread. We will be definitely working on it soon. Thank you for the suggestions.
Mr. Wang,
I know you guys are working on a lot. Just want to illustrate how your current margin regime is limiting your trading volume.
Right now I have a strangle on using binary options, and I'm prepared to hold the entire position through expiration.
With this position I should have 1/2 margin available, which I would like to be trading the 30-min contracts ... but you've tied my hands by requiring margin on both the call and put-sides of my position.
I think you understand ... thanks.
I know you guys are working on a lot. Just want to illustrate how your current margin regime is limiting your trading volume.
Right now I have a strangle on using binary options, and I'm prepared to hold the entire position through expiration.
With this position I should have 1/2 margin available, which I would like to be trading the 30-min contracts ... but you've tied my hands by requiring margin on both the call and put-sides of my position.
I think you understand ... thanks.
So what are you saying, price contracts in dollars?
I think they're having a UI update. But currently the best way you can get this info is that before you place an order it'll tell you the breakeven settlement price.
I think they're having a UI update. But currently the best way you can get this info is that before you place an order it'll tell you the breakeven settlement price.
It escaped me why the pricing doesn't work and can explain the confusion. Strike prices are set in U.S. Dollars but the options are priced in Btc. If you look at this CME quote page for currencies, you will see they are all priced in USD/Per 1 foreign unit. Here:
http://www.cmegroup.com/trading/fx/
The options are the same way. To use Btc as capital in this case, switch to Btc per 1 USD, set contract size and strike prices. This would make much easier for people to know what they are paying.
http://www.cmegroup.com/trading/fx/
The options are the same way. To use Btc as capital in this case, switch to Btc per 1 USD, set contract size and strike prices. This would make much easier for people to know what they are paying.
Specifically about vanilla options:
Is there time & sales available, volume and open interest?
It is obvious there is a single market maker as you can click on the strike and see the depth. Of course, they can collude to limit the availability at each price but this is unlikely.
Also, without portfolio risk being implemented, you are unlikely to attract serious MM as the amount required to trade a significant amount brings credit risk to the forefront.
Is there time & sales available, volume and open interest?
It is obvious there is a single market maker as you can click on the strike and see the depth. Of course, they can collude to limit the availability at each price but this is unlikely.
Also, without portfolio risk being implemented, you are unlikely to attract serious MM as the amount required to trade a significant amount brings credit risk to the forefront.
Got my withdrawal processed really quickly!
Also they recently did another audit and they have 22 more btc in their wallets.
And 24 hour volume is at 29k.
Also they recently did another audit and they have 22 more btc in their wallets.
And 24 hour volume is at 29k.
Your shilling is a bit too obvious Chris ... not necessarily reassuring.
Withdrawals are quick, yes.
But it is currently impossible to download historical activity or current positions to excel ... and the site doesn't provide any performance stats.
These are basic features for a trading site guys. It is currently too unwieldy to keep track of any sizeable portfolio of positions.
And what is the formula for your index?
How often is it recalculated?!?
If only your market makers know these details, you've built in an advantage for them ...
But it is currently impossible to download historical activity or current positions to excel ... and the site doesn't provide any performance stats.
These are basic features for a trading site guys. It is currently too unwieldy to keep track of any sizeable portfolio of positions.
And what is the formula for your index?
How often is it recalculated?!?
If only your market makers know these details, you've built in an advantage for them ...
Got my withdrawal processed really quickly!
Also they recently did another audit and they have 22 more btc in their wallets.
And 24 hour volume is at 29k.
Also they recently did another audit and they have 22 more btc in their wallets.
And 24 hour volume is at 29k.
@Indamuch have you traded the 30 minute options? They're awesome. Really good when we finally get volatility and move around.
It seems like the market maker needed to adjust their odds a bit too.
It seems like the market maker needed to adjust their odds a bit too.
Well, for a couple days I had been raping the market maker on the 30-min binary options, so it doesn't surprise me that they have all but abandoned that effort. I'm saddened, but not surprised ...
Question for OP: Please tell us the algorithm for calculating your proprietary index:
How often is it re-calcuated?
What are the inputs?
What is the formula?
If you could be precise, that would be most appreciated.
Lol I've been raping the market maker quite well too. They've added the $0.25 strikes so its a lot more fun.
The market maker is missing sometimes but its still up for playing.
One rule of thumb for people is that during low volatility times you want buy out of the money options really cheaply when you think it might move soon.
And during high volatility times you buy in the money options when you're convinced on a direction. Since out of the money is still freaking expensive during those times.
As for the formula its supposed to be based off of Bitfinex, btc-e , and bitstamp. It's a bit more complex than that. Hopefully they'll be a give more information on the index or rework it.
But thinking about it as an average helps. And you're also just trading the index. Yesterday the volatility on it was crazy. And volatility would be really cheap too. You just need to do some range bound trading. Index gets to the top of the range, and then load up on puts.
@Indamuch have you traded the 30 minute options? They're awesome. Really good when we finally get volatility and move around.
It seems like the market maker needed to adjust their odds a bit too.
It seems like the market maker needed to adjust their odds a bit too.
Well, for a couple days I had been raping the market maker on the 30-min binary options, so it doesn't surprise me that they have all but abandoned that effort. I'm saddened, but not surprised ...
Question for OP: Please tell us the algorithm for calculating your proprietary index:
How often is it re-calcuated?
What are the inputs?
What is the formula?
If you could be precise, that would be most appreciated.
@Indamuch have you traded the 30 minute options? They're awesome. Really good when we finally get volatility and move around.
It seems like the market maker needed to adjust their odds a bit too.
It seems like the market maker needed to adjust their odds a bit too.
It seems Vanilla options have changed to $5 strikes which is useful.
And $0.25 strikes have been added to the half hour contracts. Those are actually quite fun to play around with. I've been quite successful with that.
I think they have plans to change the trading interface.
And $0.25 strikes have been added to the half hour contracts. Those are actually quite fun to play around with. I've been quite successful with that.
I think they have plans to change the trading interface.
Hope you guys are working on a reiteration of the trading page. After only a handful of positions the 'open positions' window becomes unwieldy. Rather than listing every single transaction separately perhaps you can consolidate positions by using an 'average price' and allow customers to filter via expiration, etc. Ultimately for a trader that is what is important, not all the accounting detail you are cramming in their now. That can be presented or made available somewhere else, in my view.
Thanks.
Thanks.
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