Welcome, to renewed crypto options trading reports.
Back in 2019, I experimented quite a lot with selling options on crypto, back then I had some 12 ETH coins, I made my gains and I took my loses, it seems I didn't quite understand how crypto options work back then, and it feels I understand how they work now. So this is my second attempt selling options with crypto for profit.
Last month I re-started selling call options on crypto, this time was selling with Solana and Ethereum
Solana
| Month | Coins | Invested | Value | SOL | Price | |||
| September | 7.436485 | $239.03 | $258.12 | 7.99% | 0.362 | 4.87% | $34.71 | $12.57 |
In total I invested $239.12 in 7.43 SOL coins and was able to earn 0.362 SOL by trading covered call options, that's about a 4.87% return on the investment. In dollar terms: $12.57
Ethereum
| Coins | Invested | Value | ETH | Price | USD | USD/EUR | |||
| 0.26873174 | €354.85 | €370.31 | 4.36% | 0.0082 | 3.05% | €1,378.00 | $1,350.44 | €0.98 | $11.07 |
My investment with Ethereum was $365.82 in 0.268 ETH coins, additionally, I was able to earn 0.0082 ETH by trading vertical call spreads, that's about a 3.05% return on the investment. In dollar terms: $11.07
The bottom Line
It seems I was able to take $23.64 or $0.79/daily last month from trading call options with SOL and ETH coins.
The total value of investment was: $621.03
Goals for September 2023
I'm looking to take about $600 from trading crypto options in September 2023, from today's perspective that would ask to increase my investment by about 26 times to some $15,000.
Interested to learn more? I'm offering paid - online live course Selling Covered Call Options on Crypto (BTC/ETH/SOL)
