Since the beginning of the second half of 2017, I call myself a proud crypto investor - currently investing in the 4 major cryptocurrencies - bitcoin, ethreum, litecoin and ripple.
Starting July 2017, using dollar cost averaging I keep buying crypto coins once in the month. So far, the total crypto portfolio shows an awesome 132.98% year to date value…
On July 14, 2023, Bitcoin cracked $31,000 and Ethereum hovered around $2,000, thus my call position expired in the money and I realized profit from selling futures contracts
Originally I established these trades on July 3, 2023, buying 0.1 BTC futures at $30,809 and 1 ETH futures at $1,952 and selling call positions against them.
| BTC | ||||||||
| Premium | Buy price | Strike Price | current price | mul | Gain | Loss | ||
| 0.00265 | $30,800.00 | $31,000.00 | $31,102.80 | 0.1 | $30.28 | $82.42 | $10.28 | $102.42 |
| ETH | ||||||||
| 0.026 | $1,952.00 | $1,950.00 | $1,993.00 | 1 | $41.00 | $51.82 | $43.00 | $49.82 |
| Total | $152.24 |
My cost for establishing these trades was $827, return of $152 in 11 days equals to 18.37% yield. Quite awesome.
I withdraw profit to my Interactive Brokers account and bought 1 Nike stock for our dividend stock portfolio.
