Another monster month in the making, or straight from the wolf's mouth:
Mar 06 06:03:55 fun fact of the day : mpoe option book notional exposure passes 3mn usd.
Mar 06 06:04:31 this is more than the combined total of all venture capital taken in by all bitcoin ventures iirc.
What a load of ego stroking. Most people here have no idea how empty this number actually is. MP abuses this as hard as he can. Did not expect anything else from you 2.
Let me copy paste another fun fact for you, before your bloated head and ego explodes:
'Notional Value'
The total value of a leveraged position's assets. This term is commonly used in the options, futures and currency markets because a very small amount of invested money can control a large position (and have a large consequence for the trader).
For example, one S&P 500 Index futures contract obligates the buyer to 250 units of the S&P 500 Index. If the index is trading at $1,000, then the single futures contract is similar to investing $250,000 (250 x $1,000). Therefore, $250,000 is the notional value underlying the futures contract.
So, it only takes a tiny fraction to show HUGE notional value and feed that crap to you all as some kind of big news.
