Topic: [WTB] 10BTC AMC European Call Options (Read 2736 times)
Yeah I suppose it is necessary to write it off as trolling, I thought they were sincere for awhile so I suppose I've been successfully trolled for the last day or so. In the end I got the options I wanted so I'm just gonna leave it for now. Nice doing business with you Ozy. If anyone else wants to throw up 90 day options on BTCT and BF I'm definitely going to consider buying those. Make an attractive offer and I'll bite.
Bought - Thanks! 
Its a shame no one predicting AMC was going to fall apart sold me options via this method as opposed to BTCT. I thought at least one of those guys was going to put some money behind their thoughts and beliefs. Despite repeated offers for them to propose a deal to me on their terms not one of them has.
Its a shame no one predicting AMC was going to fall apart sold me options via this method as opposed to BTCT. I thought at least one of those guys was going to put some money behind their thoughts and beliefs. Despite repeated offers for them to propose a deal to me on their terms not one of them has.
*shrug* Sometimes it's more fun to troll than say anything of substance; personally, I don't hold it against them.
Bought - Thanks!
Its a shame no one predicting AMC was going to fall apart sold me options via this method as opposed to BTCT. I thought at least one of those guys was going to put some money behind their thoughts and beliefs. Despite repeated offers for them to propose a deal to me on their terms not one of them has.
Its a shame no one predicting AMC was going to fall apart sold me options via this method as opposed to BTCT. I thought at least one of those guys was going to put some money behind their thoughts and beliefs. Despite repeated offers for them to propose a deal to me on their terms not one of them has.
Dude, just because you like to roll around in turds doesn't mean other folks need to, even if it's profitable.
Bought - Thanks!
Its a shame no one predicting AMC was going to fall apart sold me options via this method as opposed to BTCT. I thought at least one of those guys was going to put some money behind their thoughts and beliefs. Despite repeated offers for them to propose a deal to me on their terms not one of them has.
Its a shame no one predicting AMC was going to fall apart sold me options via this method as opposed to BTCT. I thought at least one of those guys was going to put some money behind their thoughts and beliefs. Despite repeated offers for them to propose a deal to me on their terms not one of them has.
Ozymandias - I am still interested in buying call options and I'm glad to see you have listed them. You're the first and only guy to actually make a deal with me. However, as the original auction expired without any buyers I don't feel obligated to offer the exact same terms as I did when I listed it. The situation with AMC has deteriorated slightly and I'd like to see the strike price reflect that change. Keep every other detail as it is and lower the strike to 0.0035. I'll buy immediately if I see that.
Done, they'll be up right after I post this, and I do sincerely hope that your confidence is warranted!
Ozymandias - I am still interested in buying call options and I'm glad to see you have listed them. You're the first and only guy to actually make a deal with me. However, as the original auction expired without any buyers I don't feel obligated to offer the exact same terms as I did when I listed it. The situation with AMC has deteriorated slightly and I'd like to see the strike price reflect that change. Keep every other detail as it is and lower the strike to 0.0035. I'll buy immediately if I see that.
So is that a "no" to the btct options?
So far I've received no offers from any of the many people who have posted comments skeptical of AMC's future success. I'm requesting my money back from escrow to invest it in other stuff because it appears no one is interested in selling me call options even when I let them do it without owning shares of AMC. I'm still open to offers if people want to send them to me but I'm going to go on the assumption that no one will at this point. This really surprises me because I've posted the offer in AMC's main thread, the "AMC Flash Crash" thread, and also reddit.com/r/bitcoinstocks. Honestly its enough to come to the conclusion that these guys won't put money behind their beliefs.
That offer is still extended, and this time you can make the terms. If you want to sell me call options make me an offer.
Do us all a favour and, if you can/want to, publish the option trades you make to this thread? Obviously the counterparty may not want to be named, but I for one would be really interested to see if any of these AMC haters are legit in their belief that AMC is doomed, or if they are merely trolls.
No one bought these options before the auction time closed so consider the offer closed. I am willing to provide a similar offer with different terms if someone wants to propose them to me. I'm also really surprised that not one of the many that are publicly predicting AMC's imminent demise would sell call options to me.
Good job running an "options offer" for a whole day kid. Why don't you just go hide under the same rock that AMC seems to have pre-warmed for you with their scammy 0.0025 'second IPO" at 5 x initial share offer a few weeks after initial listing.
Almost wish I had take you up on your rigged idiot offer just to see you crash and burn.
That offer is still extended, and this time you can make the terms. If you want to sell me call options make me an offer.
No one bought these options before the auction time closed so consider the offer closed. I am willing to provide a similar offer with different terms if someone wants to propose them to me. I'm also really surprised that not one of the many that are publicly predicting AMC's imminent demise would sell call options to me.
Good job running an "options offer" for a whole day kid. Why don't you just go hide under the same rock that AMC seems to have pre-warmed for you with their scammy 0.0025 'second IPO" at 5 x initial share offer a few weeks after initial listing.
Almost wish I had take you up on your rigged idiot offer just to see you crash and burn.
Really pushing the AMC hate-train aren't we?
No one bought these options before the auction time closed so consider the offer closed. I am willing to provide a similar offer with different terms if someone wants to propose them to me. I'm also really surprised that not one of the many that are publicly predicting AMC's imminent demise would sell call options to me.
Good job running an "options offer" for a whole day kid. Why don't you just go hide under the same rock that AMC seems to have pre-warmed for you with their scammy 0.0025 'second IPO" at 5 x initial share offer a few weeks after initial listing.
Almost wish I had take you up on your rigged idiot offer just to see you crash and burn.
No one bought these options before the auction time closed so consider the offer closed. I am willing to provide a similar offer with different terms if someone wants to propose them to me. I'm also really surprised that not one of the many that are publicly predicting AMC's imminent demise would sell call options to me.
Well shit, that'd tie up my 20k shares for 84 days, but I suppose that's the price of being rash. I was always more of a gambler than an investor anyway.
Are you able to delist the option on BTCT, and free up the collateral, if it is not purchased?I'm not certain though even if I could, I suppose I would just leave it up there as a sort of a challenge to fellow gamblers; what makes btct the optimal venue for the buyer (as optimal as buying calls at 3-5x share price can be) is that the options are American so they can be exercised at any point up until they expire
EDIT: actually, that's something I should know. I'm going to attempt to delist/revoke the 19900 shares and put up a new 20,000 option. If I'm allowed to do so, then you'll soon see a new option up, if not, then the 19900 will stay
EDIT2: Well this is strange. I recalled the 19900 (since the 100 were already bought I obviously couldn't recall them) and the listing disappeared from btct but my account is still showing up as having 20000 shares reserved. I want to put up the 20,000shares, but I don't want any additional shares to be reserved (as in I don't want any more than 20,100 shares to be reserved total). I suppose more testing will be necessary to figure out how this options engine works.
EDIT3: Looks like writing another option (for 1 share as a test) reset the number of "reserved" shares. 20,000 call option back up on btct as of 10 seconds ago.
Thanks for the testing and report. I've been a little gun-shy of using the options features on the various exchanges because of ambiguities like these.
Well shit, that'd tie up my 20k shares for 84 days, but I suppose that's the price of being rash. I was always more of a gambler than an investor anyway.
Are you able to delist the option on BTCT, and free up the collateral, if it is not purchased?I'm not certain though even if I could, I suppose I would just leave it up there as a sort of a challenge to fellow gamblers; what makes btct the optimal venue for the buyer (as optimal as buying calls at 3-5x share price can be) is that the options are American so they can be exercised at any point up until they expire
EDIT: actually, that's something I should know. I'm going to attempt to delist/revoke the 19900 shares and put up a new 20,000 option. If I'm allowed to do so, then you'll soon see a new option up, if not, then the 19900 will stay
EDIT2: Well this is strange. I recalled the 19900 (since the 100 were already bought I obviously couldn't recall them) and the listing disappeared from btct but my account is still showing up as having 20000 shares reserved. I want to put up the 20,000shares, but I don't want any additional shares to be reserved (as in I don't want any more than 20,100 shares to be reserved total). I suppose more testing will be necessary to figure out how this options engine works.
EDIT3: Looks like writing another option (for 1 share as a test) reset the number of "reserved" shares. 20,000 call option back up on btct as of 10 seconds ago.
Well shit, that'd tie up my 20k shares for 84 days, but I suppose that's the price of being rash. I was always more of a gambler than an investor anyway.
Are you able to delist the option on BTCT, and free up the collateral, if it is not purchased?
Well shit, that'd tie up my 20k shares for 84 days, but I suppose that's the price of being rash. I was always more of a gambler than an investor anyway.
EDIT: well, looks like someone bought 100, just 19,900 to go!
EDIT: well, looks like someone bought 100, just 19,900 to go!
I think he is reconsidering his offer now, AMC just dropped to below .000805 now.
So if I'm understanding this right, ignoring the time-cost of the funds tied up in escrow, are the below scenarios correct?
I have no shares
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = -10btc for 0 shares with an obligation to obtain 20,000shares if the call is in the money (min 80btc)
If in September AMC<0.004; profit = 10btc
If in September AMC>0.004; profit < -70btc
OR
I buy 10,000 shares at 0.002ea (roughly the going rate at the moment) for a total of 20btc
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = 10btc for 10,000 shares or 0.001ea with an obligation to obtain 10,000shares if the call is in the money (min 40btc)
If in September AMC<0.001; -10btc
OR
I buy 20,000 shares at 0.0020ea (roughly the going rate at the moment) for a total of 40btc
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = 30btc for 20,000shares or 0.0015ea
If in September AMC<0.0015; -30btc < profit < 0
If in September 0.0015
OR
I buy 40,000 shares at 0.0020ea (roughly the going rate at the moment) for a total of 80btc
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = 70btc for 40,000shares or 0.00175ea
If in September AMC<0.00175; -70btc
I'm specifically interested in variant #3, in which case, would it be possible to just put 20,000 shares in escrow instead of btc?
EDIT: Since the end of the auction is quick approaching, I just wrote a 20,000share call option on btct (my preferred exchange) to expire on September 20 (the only available date in september, but for our purposes it shouldn't matter much) with a strike price of 0.004 and a premium of 0.000504 (I tried to make it so that with the exchange fee the premium would be as close to 0.0005 as possible).
Hopefully, you're right and AMC does do well so we both profit!
I have no shares
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = -10btc for 0 shares with an obligation to obtain 20,000shares if the call is in the money (min 80btc)
If in September AMC<0.004; profit = 10btc
If in September AMC>0.004; profit < -70btc
OR
I buy 10,000 shares at 0.002ea (roughly the going rate at the moment) for a total of 20btc
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = 10btc for 10,000 shares or 0.001ea with an obligation to obtain 10,000shares if the call is in the money (min 40btc)
If in September AMC<0.001; -10btc
OR
I buy 20,000 shares at 0.0020ea (roughly the going rate at the moment) for a total of 40btc
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = 30btc for 20,000shares or 0.0015ea
If in September AMC<0.0015; -30btc < profit < 0
If in September 0.0015
OR
I buy 40,000 shares at 0.0020ea (roughly the going rate at the moment) for a total of 80btc
I sell 20,000 call options with strike 0.004ea for a premium of 0.0005ea for a total of 10btc
Total spent = 70btc for 40,000shares or 0.00175ea
If in September AMC<0.00175; -70btc
I'm specifically interested in variant #3, in which case, would it be possible to just put 20,000 shares in escrow instead of btc?
EDIT: Since the end of the auction is quick approaching, I just wrote a 20,000share call option on btct (my preferred exchange) to expire on September 20 (the only available date in september, but for our purposes it shouldn't matter much) with a strike price of 0.004 and a premium of 0.000504 (I tried to make it so that with the exchange fee the premium would be as close to 0.0005 as possible).
Hopefully, you're right and AMC does do well so we both profit!
1) what exchange are you basing the strike price on?
2) what determines the settlement price, for such thinly traded market, you cant base on the closing price on a specific time at expiration date. It needs to be the average price for the last 24-48 hours taken at hourly interval to avoid price manipulation
3) i cant comment on the premium you are charging because i have no idea what the current price is compared to the strike you are posting, if the strike is atm or otm.
All in all, this is interesting.
2) what determines the settlement price, for such thinly traded market, you cant base on the closing price on a specific time at expiration date. It needs to be the average price for the last 24-48 hours taken at hourly interval to avoid price manipulation
3) i cant comment on the premium you are charging because i have no idea what the current price is compared to the strike you are posting, if the strike is atm or otm.
All in all, this is interesting.
1. Bitfunder will be the exchange used to value AMC as that is the main exchange on which AMC is traded. BTCT just has passthrough shares, and at the moment BF has way more shares issued and trading than BTCT. This is negotiable, if the seller really wants to value on BTCT we can work something out.
2. Any parts of this contract that relate to AMC's value are referring to AMC's currently traded value at BF. This is negotiable, we can make it the 24 hour average at BF or some other thing if the seller wants that.
3. The price as of this posting on BF is 0.002149. AMC's price has to more than double before I'm in the money.
Jump to: