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by plc 3096 days ago
uh -- who does naked options at ledgerx?

and yes, the data says 3600 for the call, which is the definition of a premium. nothing missing, guys. seriously. do more thinking before you post.

seriously no joke, I am the CEO there, former trader at Goldman so I sort of know what I am talking about with this type of stuff. You guys do not. It's hilarious to watch this conversation.
2 comments
sctb 3095 days ago
It's not in your interest to be dismissive and insulting with others here, and it breaks the guidelines by being uncivil and unsubstantive. Could you please stop?

https://news.ycombinator.com/newsguidelines.html

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plc 3095 days ago
go ahead and close my account. you guys have tolerated a lot worse in the past with others. i'm just being substantive, because you know, i sort of know what i'm talking about.
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plc 3095 days ago
in general, you are telling me to stop but I am telling you guys to stop. you do so much damage to companies with completely uninformed comments than you can possibly realize. if you don't know what you're talking about, don't talk. and yes, there are "facts" that companies cannot discuss in an open format. that's the nature of a regulated business. we do not do cat photo sharing. we hold money and assets for people. think on that.
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thisisit 3095 days ago
Two things - One, it's not the comments on hn which is hurting you rather an adverse reaction to a story which is obviously raising a false flag in many people's mind. So, if this is story was a PR move, it was a bad one.

Second, you can't have it both ways. Get mad at people for saying wrong thing, as per you and then refuse to share information citing regulation. While people might forget the story they will remember the CEO who wanted to convince people but citing no evidence.

Lastly, you keep replying in a hostile manner to everyone. It is not helping your case.

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plc 3095 days ago
it's absolutely my bad -- when you have been doing this for 4 years, and a team works incredibly hard to do a trade that makes a lot of sense, seeing comments like i've seen here on this thread just straight up hurts. and again, i simply cannot share certain pieces of information. i would literally go to jail, so it's frustrating to see the stuff that is posted about us (and I'm a YC alum on top of that)
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hxta98596 3096 days ago
You're the CEO of this company? Well congrats on the WSJ article.

Can I ask who books writing a large trade like this? Basically are you making this market and $1 million dollar trade like this would need to contact you guys to write it OTC? Or is the crypto options market supply that big and liquid already that a buyer can just come along and buy $1 million worth of Dec 18 Bitcoin call options that will clear?

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plc 3095 days ago
not OTC -- it's centrally cleared by us.
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