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, BTC and SOL. I have decided to stick with these 5 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 22th, we are returning to ETH - every time we are going to take options premiums this week (January 15 - January 21 ), we will re-invest the premium back in ETH for our long-term crypto portfolio.
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Our daily goal this week is to collect minimum $6 in premiums.
As our portfolio keeps growing, we have decided to spend some premium on buying put options, just for protection. This week its agreed to spend $0.5 from daily premium in protective puts.
As of January 15, 2024, we are holding 0.04326637 ETH worth $110.29. Looking to grow our ETH holdings to about $140 by the end of the week.
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