I am still very much open to writing call options (covered) for shorter terms (at max. 1 month). Just PM me or reply in the other thread and we can work something out.
(will probably only reply tomorrow though)
Covered call is same as naked put.
If you are trying to benefit from the interest portion, you can check out ICBIT on future contract.
arbitrage001,
Are you using ICBIT currently with success?
Feedback on this forum about ICBIT haven't been exactly stellar:
https://bitcointalk.org/index.php?topic=254675.0https://bitcointalk.org/index.php?topic=164255.0Yes. Heard the accusation on manipulating settlement price on closing date.
This is true for any exchange, be it bitcoin, commodity and currency future/option on contract settlement date. The only thing differ is the players (could be either exchange, market maker, suppliers or the speculators.)
I am only interested in the interest rate component of the contract, and I don't wait for the settlement date to close out my position. So the scam/cheat, if exists, do not really have any effect on my trading strategy.
One thing I am not happy with ICBIT is the withdrawal. They don't pay network fee so withdrawal confirmation takes anywhere from 4 to 12 hours.
EDIT:
For the bucket shop accusation, it has no effect on me as I don't use leverage and hence zero chance of force liquidation.