I keep growing the Terramatris crypto hedge fund bit after bit by selling put options on Ethereum and Bitcoin.
Every week we choose one crypto coin and invest all premium in it. In the last weeks, we have already invested in XLM, ETH, USDC, and BTC. I have decided to stick with these 4 tickers until we grow the portfolio to at least 0.1 ETH or 0.01 BTC, thus enabling covered call writing on these positions.
For week 10, we are returning to ETH - every time we are going to take options premiums this week (October 23 - October 29 ), we will re-invest the premium back in ETH coin for our long-term crypto portfolio.
As of October 23, 2023, we were holding 0.02338 ETH coins worth $39.7. In total ETH takes about 34.58% of our total crypto portfolio. Looking to grow our ETH holdings to about $45-50 by the end of the week.
If you are interested in learning more or participating in the fund (minimum investment $10,000) - feel free to write me an email to reinis.fischer {at} terramatris.eu or connect on LinkedIn
