Author

Topic: Need help closing position on Bitfunder (Read 408 times)

newbie
Activity: 8
Merit: 0
July 09, 2013, 08:15:39 AM
#1
Hey everybody,

I went a little overboard buying call options on Bitfunder and unfortunately my Dwolla account doesn't clear CampBX until after the option expires. I just need to sell a couple options to get the liquidity to close all my positions, so on Bitfunder I have 5 calls that close on Saturday listed at 0.02350 BTC for a strike price of 0.0204020 BTC. Thats 0.043902 per and falls in the current bid-ask spread with some quick profits available if it goes up this week.

I'm kind of annoyed that no exchange has cash settlement on the options. Like execute option and immediately sell at bid price without having to hold BTC.
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