dacoinminster
1) & 2) Any chance of pricing the contract in USD/BTC? The forum thread called "rally" is about the BTC getting stronger and USD/BTC increasing. Most look at it this way.
3) and 4) I don't think you get a choice but the contract should indicate whether they settle in dollars or BTC, I assume BTC.
I didn't mean to imply that I own this service! The guy who started this thread owns the website. I'm just trying to help people understand how the options work.