Post
Topic
Board Speculation
Re: The Bull Gores The Bear
by
MPOE-PR
on 15/02/2013, 23:17:50 UTC
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.