Can someone explain the MPEx numbers and what it implies here?
The first column are bids/asks. The second last trade. The third min/max for the month. The fourth volume.
So the image shows someone loading up on puts (5+3+2+2k ~= 12k BTCs worth) at prices in the .05 to .15 range. You know it must be buys because the prices are so close to the high range. Closing those positions is likely to result in a loss (a maximum of maybe 1-2k BTC worth, but in practice probably closer to 500 or so). The person buying was speculating that the trend will break and BTC price collapses. Needless to say it didn't go their way.
Help a n00b understand options / hedging strategy a little better:
So this activity displayed in the picture (buying put options) can be viewed as a hedge against being long in the actual BTC market?
For hedging against BTC FX risk, see these older posts of mine here.
For hedging as a miner, against both FX risk and diff risk, see this article: How to hedge as a miner.
