Quote from: runeks on September 12, 2013, 02:01:16 AM

So, Vycid, have you exercised your puts yet or are you waiting still?

I've got some 3.2 puts expiring in a month that I'm unsure of whether I should exercise now or wait a bit longer.

Definitely don't exercise them if they've still got a month to exp. They've got Black-Scholes value, so you can get more money by selling them than exercising them. Your decision to sell depends on your own investment thesis, naturally.

I have not exercised, except for in-the-money options about to expire (only a couple of those). My price target is still 1.5 BTC.

Quote from: velacreations on September 12, 2013, 03:37:19 AM

Quote from: Vycid on September 12, 2013, 01:23:38 AM

Based on FC's wallet, they have not been done.

I think this is where you went wrong. You don't know what those funds are for. Sure, they MIGHT be for production, or they might be something else.

Absolutely. I don't know what else they might be for, especially since FC was unwilling to use those funds instead of siphoning from dividends (perhaps they are his personal funds and do not belong to AM?).

But this alone is not the reason for my bearish outlook - it's just another piece of evidence in a big puzzle.

Quote from: 101111 on September 12, 2013, 02:02:14 AM

Quote from: Vycid on September 11, 2013, 11:22:00 PM

Well, if I was going to try and do better, I'd probably start by spending the bitcoins I collected with the intention of spending.

You don't know what arrangements and deals FC has in place, or with whom, so STFU.

"You're speculating in a speculation thread, how dare you do such a thing."

Choke on a dick.