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 15th, we are returning to USDC - every time we are going to take options premiums this week (November 27 - December 3 ), we will re-invest the premium back in USDC for our long-term crypto portfolio.
We use USDC as a hedge against market volatility, in case BTC, ETH, or XML will drop significantly in value, we will use additional USDC coins we have collected to buy at a discount. Also, we use USDC as a store of value for the TerraM coin
Swap USDC for TerraM on Raydium
Our daily goal this week is to collect at least $3 in premiums. That would give us about 1.3% daily growth rate
As of November 27, 2023, we are holding 0.00 USDC worth $0.00. Last week we staked about 50 TerraM tokens with 38 USDC, and exchanged some for EUR, that why our USDC holdings currently are at 0. Looking to grow our USDC holdings to about $25 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
