Topic: Investing in Mircea Popescu's Options Emporium (Read 26093 times)

Who are you and what are you talking about.

MPOE-PR is a scammer.

May results.

BitFunder launched "retail" passthrough to MPOE bonds: https://bitcointalksearch.org/topic/bitfunder-my-name-is-bond-mpoe-bond-jan-999-feb-48-mar-23-131270

As a major shareholder I'm sure he wouldn't. But otherwise, I do think the bond system he came up with is a thing of beauty, one of those gems that make me happy to be working for him.

heh, i bet MP wouldn't mind too many people playing that strategy.

The bond auction actually works as a disaster of commons, because everyone receives the same interest as the highest rate accepted, but each bondholder's chances of making the cut are an inverse function of the interest asked. Thus the selfish play is to ask for 0% and make sure you're always going to be on the top of the list, receiving whatever % the tail manages to negotiate.

Upon explaining that mpoe loss ... Maybe there's indeed some room for improvement, looks like nothing is going to stop bondholders to increase requested interest and thus they prevent any MPOE profit (to be paid to shareholders). The competition on interest rate is ineffective, as bondholders seems to calculate that they won't get whole interest anyway.
Maybe bondholder with lower asked interest should be rewarded by lower risk (allocate lesser part of loss to him)?

November results.

Please don't take it as a "troll" comment or anything. I'm TRULY impressed.

I don't think he's selling BTC, but yeah some cool k's there.

Wow, so Mircea Popescu made ~$50,000 that month? Not bad!

Mad propz.

That's for sure.

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

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!)

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.
 - https://bitcointalksearch.org/topic/using-mpoe-a-beginners-guide-67302 ]

October Results

Very nice!

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

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.