We keep growing the Terramatris crypto hedge fund bit after bit by selling put options on Ethereum.
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.
On week 11th, we are returning to USDC coin - every time we are going to take options premiums this week (October 30 - November 5 ), we will re-invest the premium back in USDC coin for our long-term crypto portfolio.
As of October 30, 2023, we are holding 18.47 USDC worth $18.47. In total USDC takes about 16.32% of our total crypto portfolio. Looking to grow our USDC holdings to about $25-$30 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
