A time ago I did a lot of crypto options trading, I have made several articles and a few YouTube videos on this topic already, in general, from my own experience I'm quite negative about crypto options as long as they are settled in crypto itself.
Time after time re-evaluate my previous findings, so did happen today - I decided to test one more time idea…
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)
