Looking to buy PUT options on ASICMiner - page 2.

bb999

member

Activity: 70

Merit: 10

Quote from: statdude on June 09, 2013, 04:00:07 PM

Quote from: Vycid on June 07, 2013, 05:47:38 PM

Quote from: TsuyokuNaritai on June 07, 2013, 05:46:50 PM

Interesting. Why do you think they're going to fall?

(Don't worry about dissuading PUT-sellers, the discussion would attract more! Grin

)

I've done some statistics with the rate of difficulty increase and the anticipated hashrate increase. They're overvalued.

(I DON'T think they're gonna fail, but I think the odds of being below 1.7BTC before September are worth up to a 0.1BTC premium.)

Such an option is worth about .25 BTC actually. I'd write you a few at that price at the lowest.

It's worth .25 BTC based on what? That may be a reasonable number but you need to provide some backing not just your opinion stated as if it's fact.

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: bb999 on June 09, 2013, 08:40:36 PM

Any suggestions on how to increase traffic/volume in this area of BTC trading?

If you don't want coins kept locked up but you don't mind shares locked up, be able to offer shares as collateral to the exchange against the coins that are promised to the buyer if they exercise the option.

Or, have an option to let the exchange lend the coins out for interest (eg. to coinlenders.com) instead of having them just sit there gathering dust till the option expires.

bb999

member

Activity: 70

Merit: 10

Quote from: Vycid on June 07, 2013, 05:12:52 PM

Hi there,

I'm trying to figure out a way to buy PUT options on ASICMiner stock, or, less ideally, short sell it.

Ideally, I'm looking for options with an expiration of a few months and a strike in the range of 1.5 - 2.0BTC.

Is there any way to achieve this, or am I SOL? The options listed for sale on btct and bitfunder don't fit the criteria, and I'm looking to buy, so I can't write my own.

In the same vein, I have been wondering for some time now how to increase the volume of options traded on any BTC exchange related to BTC securities. It seems like a ripe opportunity to generate further interest in the currency, but the options I have offered on BTC-TC regularly go without a bid.

Any suggestions on how to increase traffic/volume in this area of BTC trading?

statdude

legendary

Activity: 1498

Merit: 1000

Quote from: Vycid on June 07, 2013, 05:47:38 PM

Quote from: TsuyokuNaritai on June 07, 2013, 05:46:50 PM

Interesting. Why do you think they're going to fall?

(Don't worry about dissuading PUT-sellers, the discussion would attract more! Grin

)

I've done some statistics with the rate of difficulty increase and the anticipated hashrate increase. They're overvalued.

(I DON'T think they're gonna fail, but I think the odds of being below 1.7BTC before September are worth up to a 0.1BTC premium.)

Such an option is worth about .25 BTC actually. I'd write you a few at that price at the lowest.

Eric Muyser

full member

Activity: 224

Merit: 100

You can't kill math.

Quote from: wo0x on June 07, 2013, 06:15:57 PM

1st of September is quite an interesting date, indeed. Basically, will AM proof sustainability or not...

What I think:

Your strike is reasonable, but the price too low to even start gambling

Maybe you find someone to PUT on date for 0.1 price, but not for immediate option.

Yah same thought here. I'd bullish on AM and would happily take some PUT options but I'm not tying up my BTC for months for basically 5%. Maybe 20%, minimum.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: wo0x on June 07, 2013, 06:15:57 PM

1st of September is quite an interesting date, indeed. Basically, will AM proof sustainability or not...

What I think:

Your strike is reasonable, but the price too low to even start gambling

Maybe you find someone to PUT on date for 0.1 price, but not for immediate option.

Yeah, I was worried about that. Nobody wants their BTC tied up in options unless the premium is large...

I guess none of the exchanges will let you use your held ASICMiner shares as collateral against options? I'm imagining an arrangement where if ASICMiner starts trading near 1.7, then anyone using their shares to cover in the event of exercise will get a maintenance call.

I sense a business opportunity.

In the meantime, that offer stands. I can't beat 0.1BTC per option for the moment. Maybe later I'll consider a higher strike in exchange for a higher price...?

wo0x

full member

Activity: 127

Merit: 100

1st of September is quite an interesting date, indeed. Basically, will AM proof sustainability or not...

What I think:

Your strike is reasonable, but the price too low to even start gambling

Maybe you find someone to PUT on date for 0.1 price, but not for immediate option.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: TsuyokuNaritai on June 07, 2013, 05:46:50 PM

Interesting. Why do you think they're going to fall?

(Don't worry about dissuading PUT-sellers, the discussion would attract more! Grin

)

I've done some statistics with the rate of difficulty increase and the anticipated hashrate increase. They're overvalued.

(I DON'T think they're gonna fail, but I think the odds of being below 1.7BTC before September are worth up to a 0.1BTC premium.)

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Interesting. Why are you so bearish on AM?

(Don't worry about dissuading PUT-sellers, the discussion would attract more! Grin

)

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: statdude on June 07, 2013, 05:33:46 PM

Quote from: Vycid on June 07, 2013, 05:12:52 PM

Hi there,

I'm trying to figure out a way to buy PUT options on ASICMiner stock, or, less ideally, short sell it.

Ideally, I'm looking for options with an expiration of a few months and a strike in the range of 1.5 - 2.0BTC.

Is there any way to achieve this, or am I SOL? The options listed for sale on btct and bitfunder don't fit the criteria, and I'm looking to buy, so I can't write my own.

I'll get some written then reply here. BTCT or Bitfunder? What's your offer?

I would be prepared to purchase 25 puts immediately at a price of 0.1BTC, strike of 1.8BTC, and expiration of Sep. 1st. BTCT preferred.

Maybe more later when some bitcoins come in.

statdude

legendary

Activity: 1498

Merit: 1000

Quote from: Vycid on June 07, 2013, 05:12:52 PM

Hi there,

I'm trying to figure out a way to buy PUT options on ASICMiner stock, or, less ideally, short sell it.

Ideally, I'm looking for options with an expiration of a few months and a strike in the range of 1.5 - 2.0BTC.

Is there any way to achieve this, or am I SOL? The options listed for sale on btct and bitfunder don't fit the criteria, and I'm looking to buy, so I can't write my own.

I'll get some written then reply here. BTCT or Bitfunder? What's your offer?

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Hi there,

I'm trying to figure out a way to buy PUT options on ASICMiner stock, or, less ideally, short sell it.

Ideally, I'm looking for options with an expiration of a few months and a strike in the range of 1.5 - 2.0BTC.

Is there any way to achieve this, or am I SOL? The options listed for sale on btct and bitfunder don't fit the criteria, and I'm looking to buy, so I can't write my own.

Update:

I will immediately purchase ASICMiner puts expiring September 1st, with a strike of 1.8BTC, and a premium of 0.14BTC.

3 BTC limit.

Topic: Looking to buy PUT options on ASICMiner - page 2. (Read 2706 times)