We 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.
On week 13th, we are returning to XLM - every time we are going to take options premiums this week (November 13 - November 19 ), we will re-invest the premium back in XLM for our long-term crypto portfolio.
Stellar, or Stellar Lumens, is an open-source, decentralized protocol for digital currency to fiat money low-cost transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a Delaware nonprofit corporation, the Stellar Development Foundation, though this organization does not enjoy 501(c)(3) tax-exempt status with the IRS.
Our daily goal this week is to collect at least $2.5 in premiums. That would give us about 1.42% daily growth rate
As of November 13, 2023, we are holding 63.6 XLM worth $7.87. In total XLM takes about 4.46% of our total crypto portfolio. Looking to grow our XLM holdings to about $25-$30 by the end of the week.
With all time high price at 0.87 per coin, we are quite exicted buying this coin at 0.12, as I believe in the next 24 months we could see a potential price spike at least one more time. Meanwhile happy collecting.
If you are interested in learning more or participating in the crypto hedge fund (minimum investment $10,000) - feel free to write me an email to reinis.fischer {at} terramatris.eu or connect on LinkedIn.