user3106: My friend has a rather large store of bitcoins that he bought about a month ago. I think it makes sense for him to hedge his recent gains, since the price run up looks like a bubble.
What is a high leverage way of doing this?
I looked at ICBIT but the counter-party risk in the face of a market blowup is large.
I was thinking Intrade, but they are apparently blowing up. Settlement in fiat preferred. My friend lives in the US.

user196: Like @David Ogren suggested, you are just supposed to sell part of those coins.
Dunno why are you trying to make it so much more complicated.

user12089: Bitshrub.com can be added to that list. Settlement is not in Fiat, and liquidity is low currently, but Puts and Calls can be bought and sold. A lot simpler and cheaper than MPEX.

3106: <p>My friend has a rather large store of bitcoins that he bought about a month ago. I think it makes sense for him to hedge his recent gains, since the price run up looks like a bubble.</p>

<p>What is a high leverage way of doing this?</p>

<p>I looked at ICBIT but the counter-party risk in the face of a market blowup is large.</p>

<p>I was thinking Intrade, but they are apparently blowing up. Settlement in fiat preferred. My friend lives in the US.</p>
 196: <p>Like @David Ogren suggested, you are just supposed to sell part of those coins.</p>

<p>Dunno why are you trying to make it so much more complicated.</p>
 12089: <p>Bitshrub.com can be added to that list. Settlement is not in Fiat, and liquidity is low currently, but Puts and Calls can be bought and sold. A lot simpler and cheaper than MPEX.</p>
