Quote from: davidgdg on May 23, 2014, 09:54:07 AM

Quote from: xavier on May 23, 2014, 03:08:13 AM

Quote from: weirdgod on May 18, 2014, 09:51:13 AM

I would be interested in buying 1 CALL contract (covering 100 BTC) at DEC 31 2014 expiry with strike price $500.
Accepting offers.

And info on which platform we could reliably actualize this deal. I would imagine interested party would have to transfer his 100 btc to mutually agreed upon escrow person for the duration of the option.

I would like this to be US style option - meaning i can execute it anytime before expiry date.

PS.

I dont see "nobody would write it" as a valid reason why , for example, a CALL option does not exist. I'm sure *somebody* would, it just would depend on the price.

Technically this is of course true. The question is whether anybody would write on the OP's terms except for an enormous premium, which would defeat the OP's object of low-cost hedging.

Interestingly, though, the price for a Dec 14 Gold Call Option is only US$ 13 an oz - i.e. about 1% of the underlying future. A lot cheaper than I thought it would be. Gold is of course much less volatile than BTC, but that might suggest that the equivalent BTC option should not be more than 10% of the underlying - i.e. ~ 10BTC. I'm not sure I'd tie up 100 BTC on those terms though.

The price moves more than 20% this week alone. Not sure how would someone price the premium.