From now on you can trade BTC/USD options on the MPEx infrastructure. Of particular interest is the newly added command SPLIT. Quoting from the
FAQ:
SPLIT, as in SPLIT|{btc}|{option id}, which allows you to split a number of whole BTCs into CALL-PUT pairs for a given strike. Say you want to sell short 100 CALLS struck at 5.0 expiring this month. Provided you have 100 BTC in your account you go SPLIT|100|050T and voila, you now have 100 CALLS @5.0 (and a number of PUTS @5.0 based on the strike/current BTC/USD ratio), which you can sell. At the month's end you will receive the 100 BTC back, minus any costs resulting from exercises.
As you can see, this is a significant improvement over the way short selling works on the old MPOE site.
As a result the MPOE site is being retired. Customers currently holding options (long or short) on MPOE can ask to be migrated to MPEx (provided they have a registered key), but are not required to do so: contracts will be honored as they are at any rate. MPOE will stop taking new orders sometime in the coming months.