Week #15 Ethereum Options Trading Results (+0.0062 ETH)

Trading 24 March, 2023 seen 1

At the end of the week, the total value of our Ethereum / EUR portfolio was worth $1,531.35, which is about 15.31% of my $10,000 goal. Nevertheless, last week's portfolio gained +0.73% of its value. In dollar terms, we gained +$25.69.

One of our short-term goals is to grow the portfolio back to its all-time high of $1,802, which was recorded at the start of January

Total ETH available: 0.6839 (Margin balance: 0.7320). There is about 0.0481 ETH available to be gained from the current, open options trades

Ethereum portfolio Week 15

At the moment, there are 2 put and 1 call options opened with the following strikes and expiry dates:

1600 Put (March 31, expiry) 1100 Put (March 31, expiry) 1700 Call (April 28, expiry)

Last week I rolled up 1600 strike to 1700, as this roll didn't invold rolling forward, I paid a little credit/

To keep the max profit, ETH should stay between 1,600  and 1,700. In case of a challenged trade we will try to adjust the trade by rolling up or down the challenged side)

From the expired options trades, we booked 0.0062 ETH this week

Additionally, we bought 0.01 ETH on Coinbase.

I'm currently…

Crypto Options Trading: Strike price, expiration date, and premium

Trading 23 March, 2023 seen 68

Recorded, edited, and uploaded already the fourth video for Options Trading Academy - It's planned to feature about 24 such videos for a full Crypto Options Trading Course

In this video lesson, I'm sharing my actual trading screen from the Deribit trading platform to discuss options premium, strike, and expiry dates. 

interested to learn more about trading crypto options? Enroll in Crypto Options Trading Course now!

How To Adjust Call Bear Spread

Trading 22 March, 2023 seen 15

A call bear spread is a popular options trading strategy used by investors who believe that the price of an underlying asset will decrease. The strategy involves buying a call option with a higher strike price and simultaneously selling a call option with a lower strike price.

A call bear spread might be also a part of the iron condor, with the opposite side being a bull put spread.

I trade call bear spreads either as part of an iron condor or on stocks I have or have but have not fully covered (less than 100 shares).

Subscribe to the covered calls newsletter to learn more about my trades and trade adjustments.

For example, I was selling call bear spread on Amazon stock, while owning only 19 shares. I decided to opt for call bear spread instead of call only, because of the limited risk. In case I would have 100 shares I would opt for selling a covered call instead call bear spread.

In this article, I will share an example of how to adjust a call ber spread:

At the start of March 2023…

Latest Stock Buy: Bought 2 AMZN shares at $94.74

Investments 21 March, 2023 seen 6

On March 7th, 2023, we bought an additional 2 shares of Amazon (NASDAQ: AMZN) stock, paying $94.74 per share for our Partnership Fund.

We are now holding 19 shares of AMZN in our Partnership Fund portfolio

Using dollar-cost averaging our average cost per AMZN share is $105.02

81 shares to go once we will be able to start selling covered calls and generate extra income from AMZN stock. At the current investment speed (2 shares per month) we could get there in the next 40 months or around July 2026. 

If we had 100 shares of AMZN today, we could sell on April 6, 2023, covered call (30 days to expiry) with a strike price of $110, to get a $0.26 premium. In case our shares would get called away on expiry we would realize $524 in income from our total investment, that's a potential return of 4.98%

If our options would expire worthlessly, we would simply pocket $26 or about 0.23%, and start over by writing additional call options.

To speed speed things up, I have started selling bear call spread options on Amazon stock, see: …

Week #14 Ethereum Options Trading Results (+0.0117 ETH)

Trading 20 March, 2023 seen 17

At the end of the week, the total value of our Ethereum / EUR portfolio was worth $1,505.55, which is 15.05% of our $10,000 goal. Nevertheless, last week's portfolio gained +12.16% of its value. In dollar terms, we gained +$163.

Total ETH available: 0.6894 (Margin balance: 0.7629). There is about 0.0735 ETH available to be gained from the current, open options trades

Ethereum portfolio Week 14

At the moment, there are 2 put and 1 call options opened with the following strikes and expiry dates:

1550 Put (March 24, expiry) 1100 Put (March 31, expiry) 1600 Call (April 28, expiry)

To keep the max profit, ETH should stay between 1,100  and 1,600. In case of a challenged trade we will try to adjust the trade by rolling up or down the challenged side)

From the expired options trades, we booked 0.017 ETH this week

Additionally, we bought 0.01 ETH on Coinbase. 

For the next weeks, looking to hedge April 28 expiry 1600 call option, ready to roll it up and away if the ETH price will pullback under 1,600

I'm currently working on developing a course on options…

Armenia's Emerging Tech Scene: The Country's Innovation and Entrepreneurship

Investments 17 March, 2023 seen 13

At the start of 2023, I helped as a hiring manager for a country manager role in Armenia for a translation company from neighboring Georgia. It was an interesting expieriece, dealing with candidates, having online interviews over Google Meet, and finaly conduction face-to-face interviews in Yerevan. 

In this article I decided to take a closer look on overall tech sector in Armenia

Armenia is a country that has been in the shadows of its larger neighbors, but it has emerged as a hub for tech startups and innovation. Over the past few years, the country's tech scene has been gaining traction and attracting the attention of the global tech community.

This article explores the country's emerging tech scene and the factors that have led to its success.

Innovation and Entrepreneurship in Armenia

Armenia has a rich tradition of science and engineering. The country has produced many scientists and engineers who have made significant contributions to the global tech community. For example, Charles Simonyi, the developer of Microsoft Office, is of Armenian descent. This rich legacy of innovation and…

Bank Stocks Beaten Down: Is Selling Put Options on Bank of America Stock a Good Idea?

Trading 16 March, 2023 seen 17

With bank stocks beaten down, after SVB bank closure in the US, investors are starting to take notice of the potential opportunity to buy in at a lower price. Bank of America, one of the largest banks in the US, has faced significant headwinds due to low-interest rates and increased competition from fintech companies.

However, with the US economy gradually recovering from the COVID-19 pandemic, there may be potential for Bank of America to rebound, making it an attractive investment opportunity for some investors.

One trading strategy that investors may consider is selling put options on Bank of America stock.

This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of…

Benefits and Risks of Options Trading for Crypto

Trading 15 March, 2023 seen 17

Recorded, edited, and uploaded already the third video for Options Trading Academy - It's planned to feature about 24 such videos for a full Crypto Options Trading Course

In this video lesson, we'll take a look at what options trading is, how it works, and what the benefits and risks are when it comes to trading crypto options.

What are options?

Options are a type of financial contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price before a specific expiration date.

Options trading can be used for various purposes, such as hedging, speculating, and generating income.

How does options trading work?

Options trading involves buying and selling options contracts, which are traded on an options exchange.

Options contracts have two types, call and put options, and each has its own specific characteristics. Call options allow the buyer to purchase the underlying asset at a set price, while put options allow the buyer to sell the underlying…

Differences between crypto options trading and other forms of crypto trading

Trading 14 March, 2023 seen 20

Recorded, edited, and uploaded already the second video for Options Trading Academy - It's planned to feature about 24 such videos for a full Crypto Options Trading Course

Welcome back to our online course where we learn about all things related to trading and investing in cryptocurrency.

In today’s video, we’ll be discussing the differences between crypto options trading and other forms of crypto trading.

Whether you’re an experienced trader or just starting out, it’s important to understand the different types of trading and how they differ from each other. So let’s get into it!

Before we dive into the differences, let’s first define what crypto options trading is.

Crypto options trading is a type of trading where investors buy or sell contracts that give them the right, but not the obligation, to buy or sell a specified cryptocurrency at a specified price on or before a certain date.

Differences between Crypto Options Trading and Other Forms of Crypto Trading:

Limited Risk vs.…

Week #13 Ethereum Options Trading Results (-0.0672 ETH)

Trading 13 March, 2023 seen 23

Last week turned out very bad, our put side spreads ended in the money, and we booked a loss of -0.0672 ETH at the end of the week.

The loss could be avoided if I would choose to close all trades before the expiry, or even when the strike price of $1,450 was touched. I left the emotions to come in and didn't adjust. Now, the price we are paying is quite high.

At the end of the week, the total value of our crypto portfolio was worth $1,342.42, which is just shy of 13.42% of our $10,000 goal. Last week portfolio lost -16.12% of it's value. In dollar terms -$258.

Ethereum portfolio Week 13

The Price of Ethereum slipped from 1,500 to under $1,400 and then slightly bounced back. On the expiry we had 3 put spreads with a $1,450 strike price.

Ethereum price March 11, 2023

When constructing this week's trade I was super conservative and for both sides entered short legs with Deltas under 0.2. In fact, the $1,450 put was around delta -0.15, at the time of writing, meaning it was about an 85% probability it will expire worthless.

Now, it didn't, and also I was not closing or adjusting this trade, while I could. 

Now, this happens -…