Question:
If I am long ~12 contracts (same contract), bought at various times and various prices, and then I execute a separate 'sell' order of that same contract, will one of my existing contracts be sold, or will I be left with +12 contracts and -1 contract tying up 13 contract's worth of margin?
In other words, in order to exit a position must I use the 'close' button in the 'open positions' window?
Thanks.
Topic: [ANN] Coinut.com - The only Bitcoin Options Exchange [beta] - page 19. (Read 34192 times)
So what happened with the marketmaker for the short term binary options?
Coinut is going to be on WCHangout tomorrow.
Tune in at 7 pm PST. You'll also be able to watch it afterwards if you can't make it.
https://www.reddit.com/r/BitcoinMarkets/comments/36p25b/hangout_w_coinut_btc_options_platfrom_vanilla/
http://www.youtube.com/watch?v=90HfrgZfPXM
Tune in at 7 pm PST. You'll also be able to watch it afterwards if you can't make it.
https://www.reddit.com/r/BitcoinMarkets/comments/36p25b/hangout_w_coinut_btc_options_platfrom_vanilla/
http://www.youtube.com/watch?v=90HfrgZfPXM
Mr. Wang,
I'm struggling with the wide spreads and lack of liquidity - I'm sure you understand.
And ideal product from this customer's seat, and I think for your business prospects, look like this:
A. A small index futures contract on a recognized BTC price index. (List a new contract every 3 months, like other commodities.)
B. Index options, binary or vanilla, that settle on the index value.
I particular I would point to KOSPI Index futures & options (the most widely traded index in futures in the world), and 796xChange, as examples. I've traded both of those, and do so from time to time. I think a futures contract can drive much better volume for your options ...
I'm struggling with the wide spreads and lack of liquidity - I'm sure you understand.
And ideal product from this customer's seat, and I think for your business prospects, look like this:
A. A small index futures contract on a recognized BTC price index. (List a new contract every 3 months, like other commodities.)
B. Index options, binary or vanilla, that settle on the index value.
I particular I would point to KOSPI Index futures & options (the most widely traded index in futures in the world), and 796xChange, as examples. I've traded both of those, and do so from time to time. I think a futures contract can drive much better volume for your options ...
Hi ... I'm sure you guys have lots of 'top priorities,' including marketing, but I'm wondering if you have any near-term plans to implement some type of portfolio margining, particularly for complex option strategies?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
Currently we don't directly provide strategies like strangle or straddle. However, you can manually open two positions to form a strangle or straddle strategy. They are in essence the same. If you want to hedge with the underlying asset, then you should have an account in exchanges like Bitfinex, Bitstamp or BTC-e.com. We will probably design an unified interface for all these kind of positions in the future. But as you said, right now our top priorities are other things like marketing.
That interview with BTCVIX should get you a lot of exposure. Go contact him.
He's done these hangouts with OKCoin, Bitfinex, Huobi
Thanks, just sent to him a message.
Hi ... I'm sure you guys have lots of 'top priorities,' including marketing, but I'm wondering if you have any near-term plans to implement some type of portfolio margining, particularly for complex option strategies?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
Currently we don't directly provide strategies like strangle or straddle. However, you can manually open two positions to form a strangle or straddle strategy. They are in essence the same. If you want to hedge with the underlying asset, then you should have an account in exchanges like Bitfinex, Bitstamp or BTC-e.com. We will probably design an unified interface for all these kind of positions in the future. But as you said, right now our top priorities are other things like marketing.
That interview with BTCVIX should get you a lot of exposure. Go contact him.
He's done these hangouts with OKCoin, Bitfinex, Huobi
Hi ... I'm sure you guys have lots of 'top priorities,' including marketing, but I'm wondering if you have any near-term plans to implement some type of portfolio margining, particularly for complex option strategies?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
Well one thing is that you used all of your margin so they can't give you some cause they don't know where you'll place them.
What if you used most of your margin for puts? When you sell calls does it give you margin back?
Right, the margin calculation can be improved. Currently, we calculate all positions' margins separately.
Hi ... I'm sure you guys have lots of 'top priorities,' including marketing, but I'm wondering if you have any near-term plans to implement some type of portfolio margining, particularly for complex option strategies?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
Well one thing is that you used all of your margin so they can't give you some cause they don't know where you'll place them.
What if you used most of your margin for puts? When you sell calls does it give you margin back?
Hi ... I'm sure you guys have lots of 'top priorities,' including marketing, but I'm wondering if you have any near-term plans to implement some type of portfolio margining, particularly for complex option strategies?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
Currently we don't directly provide strategies like strangle or straddle. However, you can manually open two positions to form a strangle or straddle strategy. They are in essence the same. If you want to hedge with the underlying asset, then you should have an account in exchanges like Bitfinex, Bitstamp or BTC-e.com. We will probably design an unified interface for all these kind of positions in the future. But as you said, right now our top priorities are other things like marketing.
Hi ... I'm sure you guys have lots of 'top priorities,' including marketing, but I'm wondering if you have any near-term plans to implement some type of portfolio margining, particularly for complex option strategies?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
For example, because I'm a degenerate gambler and ultra bullish on btc, I used all my margin to sell binary puts. But that shouldn't preclude me from also selling calls for the same expiration, right? The two positions cannot simultaneously settle out-of-the-money. I know some brokers allow these types of positions with equity, index options and such. What are your thoughts?
Someone recently suggested having some sort of profit calculator for vanilla options.
Or maybe something that displays the risk profile.
I think that'd make it easier for people to understand the vanilla options.
Or maybe something that displays the risk profile.
I think that'd make it easier for people to understand the vanilla options.
Some reported that the timezone cannot be changed. Now the issue has been fixed. No need to calculate the time anymore!
The full orderbook can always be queried using the API. For your convenience, we just added the interface for market depth to the trading interface. You just need to click the strike price to see.
This is super cool guys! Count me a raving fan. I had faith that you were open to providing transparency here. I'm not a programmer, so the API doesn't do anything for me, but now in a very straightforward way everyone can see the order depth for each contract.
Also, previously I was PR in Singapore, and registered my own business there, so I recognize you guys are regulated pretty closely. I have a high level of trust for Singapore businesses, and I really want this service to work ...
On an unrelated note, I keep getting this error box every time I logout - how do I/we remedy?
Wt internal error: [Exception... "The connection does not exist" nsresult: "0x804b000c (NS_ERROR_NOT_CONNECTED)" location: "JS frame :: https://coinut.com/ :: h :: line 86" data: no], code: undefined, description: undefined
That doesn't add anything, and I think you know that. Shame on you.
Coinut should add more digits to the bid/ask prices in order to give customers an accurate indication of contracts at the best bid/ask, instead of allowing market makers to game customer orders. Hmmm, maybe Coinut is the market maker ... that would make sense.
Really cool huh, they just implemented a way to see the orderbook.
It says Bid amount - that's the amount of contracts bidding for the strike.
It also says best bid - that's the best bid price.
On the web interface I only see 'Amount Bid Strike Ask Amount'
I've been on this for ~20 hrs and I don't see any parsing of the 'Amount' figures ...
What 'best bid' are you referring to?
I'm talking about the orderbook here.
https://coinut.com/
That doesn't add anything, and I think you know that. Shame on you.
Coinut should add more digits to the bid/ask prices in order to give customers an accurate indication of contracts at the best bid/ask, instead of allowing market makers to game customer orders. Hmmm, maybe Coinut is the market maker ... that would make sense.
The full orderbook can always be queried using the API. For your convenience, we just added the interface for market depth to the trading interface. You just need to click the strike price to see.
It says Bid amount - that's the amount of contracts bidding for the strike.
It also says best bid - that's the best bid price.
On the web interface I only see 'Amount Bid Strike Ask Amount'
I've been on this for ~20 hrs and I don't see any parsing of the 'Amount' figures ...
What 'best bid' are you referring to?
I'm talking about the orderbook here.
https://coinut.com/
That doesn't add anything, and I think you know that. Shame on you.
Coinut should add more digits to the bid/ask prices in order to give customers an accurate indication of contracts at the best bid/ask, instead of allowing market makers to game customer orders. Hmmm, maybe Coinut is the market maker ... that would make sense.
Hi guys. I am a n00b to options trading, so bear with me if my questions don't make sense.
I read on the net that if I have an asset, and I don't mind holding it, then I can write a call option so that I will either sell the asset with profit or keep the premium if the holder doesn't show up at expiry date. My questions are:
1. Can I write call option on coinut.om?
2. Can I set a premium?
3. Can I set expiry time?
I read on the net that if I have an asset, and I don't mind holding it, then I can write a call option so that I will either sell the asset with profit or keep the premium if the holder doesn't show up at expiry date. My questions are:
1. Can I write call option on coinut.om?
2. Can I set a premium?
3. Can I set expiry time?
Hi,
There's two type of options on coinut. Binary and Vanilla options. You want to use vanilla options.
Yup so what you're talking about is the covered call which is one of the first strategies people learn.
Yes you can write a call option on coinut.com
Currently you can choose between two expiry times. Daily and Weekly. (May 15, May 17)
You can choose the premium and strike price. If you see the orderbook for vanilla options. You can set an ask for fill a bid.
Currently there isn't a bid premium on daily, you might get a better premium on weekly. Or you can place an ask but it'll take awhile to get filled.
Writing Vanilla options require margin.
Option Price + 0.01*Maximum ((40% * Underlying Price - Out of the Money Amount), (20% * Underlying Price))
Check out the site, to anyone reading this thread you can use the referral link in my signature.
It says Bid amount - that's the amount of contracts bidding for the strike.
It also says best bid - that's the best bid price.
On the web interface I only see 'Amount Bid Strike Ask Amount'
I've been on this for ~20 hrs and I don't see any parsing of the 'Amount' figures ...
What 'best bid' are you referring to?
I'm talking about the orderbook here.
https://coinut.com/
Hi guys. I am a n00b to options trading, so bear with me if my questions don't make sense.
I read on the net that if I have an asset, and I don't mind holding it, then I can write a call option so that I will either sell the asset with profit or keep the premium if the holder doesn't show up at expiry date. My questions are:
1. Can I write call option on coinut.om?
2. Can I set a premium?
3. Can I set expiry time?
I read on the net that if I have an asset, and I don't mind holding it, then I can write a call option so that I will either sell the asset with profit or keep the premium if the holder doesn't show up at expiry date. My questions are:
1. Can I write call option on coinut.om?
2. Can I set a premium?
3. Can I set expiry time?
You are describing a covered call, and yes, you can sell calls at Coinut against your deposited btc.
Do your own research, there is lots of information on the web about writing covered calls. And then start
by placing only a small position, so that you can see/experience firsthand how the position works its way to expiration.
It says Bid amount - that's the amount of contracts bidding for the strike.
It also says best bid - that's the best bid price.
On the web interface I only see 'Amount Bid Strike Ask Amount'
I've been on this for ~20 hrs and I don't see any parsing of the 'Amount' figures ...
What 'best bid' are you referring to?
Jump to: