I 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 9th, we are returning to Sellar XLM - every time we are going to take options premiums this week (October 16 - October 22 ), we will re-invest the premium back in XLM coin for our long-term crypto portfolio.
As of October 16, 2023, we were holding 206 XLM coins worth $22.18. In total XLM takes about 21.70% of our total crypto portfolio. Looking to grow our XLM holdings to about $25-30 by the end of the week.
