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 14th, we are returning to Ethereum - every time we are going to take options premiums this week (November 20 - November 26 ), we will re-invest the premium back in ETH for our long-term crypto portfolio.
Our daily goal this week is to collect at least $2 in premiums. That would give us about 1% daily growth rate
As of November 20, 2023, we are holding 0.00275 ETH worth $53.05. In total ETH takes about 26.89% of our total crypto portfolio. Looking to grow our ETH holdings to about $65-$70 by the end of the week.
With the current Ethereum price at around $2,000, we are quite neutral regarding this purchase, neither bullish nor bearish. More like cautious.
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.
