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Offline evolvo

What happens to expired shorts?
« on: June 18, 2015, 02:17:37 AM »

I've had some expired shorts sitting in the system for about two months....will they eventually auto-cover? Will I have to buy BitUSD to pay off the debt? If I pay off the debt will the system send back my BTS being held as collateral? I'm not sure how this works?
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Offline yellowecho

Re: What happens to expired shorts?
« Reply #1 on: June 18, 2015, 02:23:46 AM »
To my knowledge...

will they eventually auto-cover?

Yes, if the BitUSD hits the feed price.

Will I have to buy BitUSD to pay off the debt?

Only if you want to cover your position.

If I pay off the debt will the system send back my BTS being held as collateral?

Yup.
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Offline evolvo

Re: What happens to expired shorts?
« Reply #2 on: June 18, 2015, 02:26:36 AM »
If which BitUSD hits the feed price?

If I shorted BitUSD when BTS was lower..and now it's twice as high...what would prevent it from covering?
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Offline pc

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Re: What happens to expired shorts?
« Reply #3 on: June 18, 2015, 06:51:44 AM »
If which BitUSD hits the feed price?

If I shorted BitUSD when BTS was lower..and now it's twice as high...what would prevent it from covering?

It will cover at the feed price, i. e. when someone sells BitUSD at the feed price.
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Offline jsidhu

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Re: What happens to expired shorts?
« Reply #4 on: June 18, 2015, 07:49:22 AM »
The big 5 million bts wall at the call price are expired shorts waiting to be filled like yours. It's in order of short margin call price Lower to higher I believe. Once it auto covers u should get it back im also waiting.
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Offline evolvo

Re: What happens to expired shorts?
« Reply #5 on: June 18, 2015, 06:36:05 PM »
interesting...
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Online lil_jay890

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Re: What happens to expired shorts?
« Reply #6 on: June 18, 2015, 06:40:24 PM »
The big 5 million bts wall at the call price are expired shorts waiting to be filled like yours. It's in order of short margin call price Lower to higher I believe. Once it auto covers u should get it back im also waiting.

I believe that shorts are auto covered based on expiration date.  That is what I have noticed as the buywall has slowly been eaten into.

Offline tonyk

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Re: What happens to expired shorts?
« Reply #7 on: June 18, 2015, 06:51:39 PM »
The big 5 million bts wall at the call price are expired shorts waiting to be filled like yours. It's in order of short margin call price Lower to higher I believe. Once it auto covers u should get it back im also waiting.

I believe that shorts are auto covered based on expiration date.  That is what I have noticed as the buywall has slowly been eaten into.

you guys are endless optimists... they are covered based on the most logical criteria of all - alphabetic order of the account/key.

Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline liondani

Re: What happens to expired shorts?
« Reply #8 on: June 19, 2015, 08:08:13 AM »
The big 5 million bts wall at the call price are expired shorts waiting to be filled like yours. It's in order of short margin call price Lower to higher I believe. Once it auto covers u should get it back im also waiting.

I believe that shorts are auto covered based on expiration date.  That is what I have noticed as the buywall has slowly been eaten into.

you guys are endless optimists... they are covered based on the most logical criteria of all - alphabetic order of the account/key.
Lol

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Offline cylonmaker2053

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Re: What happens to expired shorts?
« Reply #9 on: June 19, 2015, 01:05:13 PM »
haha @tonyk ...but what's the real answer? are shorts covered in order of call price or expiration date???

Offline pc

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Re: What happens to expired shorts?
« Reply #10 on: June 19, 2015, 01:13:59 PM »
IIRC covers are ordered by their margin call limit, and orders with identical limits are in fact ordered by their owner address.
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Offline Riverhead

Re: What happens to expired shorts?
« Reply #11 on: June 19, 2015, 01:25:26 PM »


you guys are endless optimists... they are covered based on the most logical criteria of all - alphabetic order of the account/key.


He's not joking. This was covered in a mumble session some time back.

IIRC covers are ordered by their margin call limit, and orders with identical limits are in fact ordered by their owner address.
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Offline cylonmaker2053

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Re: What happens to expired shorts?
« Reply #12 on: June 19, 2015, 01:59:04 PM »
IIRC covers are ordered by their margin call limit, and orders with identical limits are in fact ordered by their owner address.

LOL oh ok, well at least it's within the same order limit bundles :)

too bad the secondary ranking isn't done by expiration date! maybe an easy fix for future update?

 

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