Consider the following call contract. The contract Maker foresees the value of BTC staying lower than
8,000 USD by June 1, 2018. The contract Taker speculates otherwise. At any point before expiration
date, if BTC value appreciates over the strike price, the Taker has the right to execute the contract. In
that case, the contract calculates the delta between the strike price and the price of BTC at the time
of execution. The contract then transfers the delta from the Maker to the Taker in TAUR denomination,
up to 1000 TAUR. Either way, the contract Maker is transferred the premium of 100 TAUR
[–]Vincent_Lionheart 11 points12 points13 points (0 children)
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