bitcoin futures on monday, ticker XBT

[RapperT]

http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=vanity-url&utm_source=na

 

1 contract = 1 bitcoin, cash settled

We've been back testing some traditional trend following systems on bitcoin with some interesting results.  I will look to post one or two here.

Edited December 7, 2017 by RapperT

[Twiga808]

but you can't go short on IB

[RapperT]

6 minutes ago, Twiga808 said:

but you can't go short on IB

really?

 

IB website blocked at work so cant read about it

Edited December 7, 2017 by RapperT

[Djtux]

Just now, RapperT said:

really?

 

Yep i read that somewhere as well, worth double-checking.

[Twiga808]

I wrote an inquiry yesterday...only long plus IB doesn't start trading till Monday

[RapperT]

Well thats dumb if so.  Did they give a reason?

[Djtux]

https://ibkr.info/article/3049

Quote

 

Will there be any restrictions on trading?

 

Due to the extreme volatility of cryptocurrencies, clients will be unable to assume a short position (including as part of a spread). In addition, market orders will not be accepted.

 

 

[RapperT]

el oh el..."extreme volatility"

[Twiga808]

I think the quote was " because it has unlimited upside potential".....I think this guy sells Tulips too.

This is turning into the most epic "pump and dump" ever...

[RapperT]

welll its no fun if we cant short the F out of it when it goes.  I think we all need to blow up their phones

[abandak]

2 minutes ago, RapperT said:

welll its no fun if we cant short the F out of it when it goes.  I think we all need to blow up their phones

Why short the honey badger of crypto

[Djtux]

On 12/7/2017 at 10:32 AM, Djtux said:

https://ibkr.info/article/3049

It seems that it is possible to short XBT future now, but hum the margin requirement :).

Quote

The margin requirement for outright long positions will be set at 50% of the prior day's lead month settlement price.  In the case of outright short positions, the margin rate for the CFE contracts is currently set at USD 40,000 per contract and the CME contract, which is 5x larger, is projected to have a requirement of USD 200,000 when trading commences.

 

[abandak]

2 minutes ago, Djtux said:

It seems that it is possible to short XBT future now, but hum the margin requirement :).

 

Wow the arb spread totally evaporated.. now a little under 2% on the front month contract

Edited December 14, 2017 by abandak

[RapperT]

that margin req is absurd

[Djtux]

Btw, have you seen Long Island Iced Tea this morning ? Crazy...

[Yowster]

5 minutes ago, Djtux said:

Btw, have you seen Long Island Iced Tea this morning ? Crazy...

@DjtuxLTEA and NETE in the same boat - crazy price spikes due to tie-ins to bitcoin processing.   Unfortunately, no options yet on either of these 2 stocks.