ethereum

Soon it will be one year since I have been working on TerraMatris.EU crypto hedge fund. The fund has had its ups and downs - but the main idea has stayed the same - we are selling put options against Ethereum and reinvesting premium back into crypto itself Last week I came up with an idea and plan to reinvest premiums into altcoins. Without further ado - for the second week - we go with the Ethereum(ETH) coin. Every time we are going to take options premiums this week (August 28  September 3…

Lately, I've been playing around with the idea of selling put options on crypto. A popular income-generating strategy in the stock market. But there are a bit different rules in crypto, with the biggest difference being - crypto options are settled in crypto itself, meaning there is no actual crypto delivery, no assignments, or whatsoever, once your strike price is touched, you pay the difference in crypto itself. Say you sold Bitcoin Put with a strike price of $30,000 and BTC dipped to $25,…

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…

On July 7, 2023, I rolled forward two covered call positions on Bitcoin and Ethereum, using perpetual futures as collateral. 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 with July 7th expiry at $31,000 and $1,950, respectively. As none of the call positions expired in the money, I just rolled to the next week's (July 14) expiry for both positions: The total premium received so far from selling…

On July 3, 2023, I sold two covered call positions on Bitcoin and Ethereum, using perpetual futures as collateral. At first, I bought 0.1 BTC futures at $30,809 and simultaneously sold a 0.1 call option with a strike price of $31,000 and an expiry of July 7, 2023, for this trade setup I was rewarded with a 0.00155 BTC premium.  Perpetual futures are traded with 50x margin on the Deribit trading platform, and to control futures worth 0.1 BTC I was required just 1/50 in margin collateral, or to…

Greetings from Tbilisi, Georgia. Summer has started with temperatures well above +30C. On Friday, June 2, 2023, 1 ETH traded at $1,902 while the total value of our Ethereum / EUR / USDC / BTC portfolio was worth $2,050.19, and is already about 20% from our $10,000 goal. Week over week we booked growth of more than $230 for the portfolio.  Last week we also booked a decent +0.044 ETH profit, most of the profit comes from the 1DTE call options sold against ETH-perpetual futures contracts In…

At the end of March 2023, I was managing 3 small investment portfolios. The total value of all portfolios combined was USD 6,466.07 / EUR 5,948.35. One of my short-term goals is to grow portfolios to $10,000. To get there it is planned to deposit additional capital, plus selling options premium. Portfolio #1 It was a good month for portfolio #1. It grew by + EUR 2,426.37 and stood at EUR 4,379.47 ($4,760.70) at the end of the month. For the truth's sake, we deposited an additional EUR 2,200…

Last week, all of our iron condors on Ethereum expired worthless, meaning that we were able to keep the entire premium received from selling the options. At the end of the week, the total value of our crypto portfolio was worth $1,600.48, which is just shy of 16% of our $10,000 goal.  Unfortunately, the total dollar value of the portfolio decreased as the price of Ethereum slid from the higher 1600s back to the middle 1550s. Ethereum price March 4, 2023Iron condors are a popular options…

I've been trading crypto options with mixed success on Ethereum (Bitcoin and Solana), since then early 2019. Over the years I have gained some much-needed experience and understanding of how actually crypto options work. In short, they work similarly, but a bit differently than regular stock options. In today's article I'm willing to share some ideas and observations on how to trade crypto options on Ethereum (and not) only during a prolonged Bear market The world of cryptocurrency has seen…

November is over and it is time to take a look at how did it go.  Last November we stayed in Georgia, with limited travel mostly just around Tbilisi. For our 4-year-old daughter hired a swimming coach, who turned out to be a 7-time Georgian champion in butterfly-style swimming.  Additionally secured our first buy for real estate in Tbilisi and won an online bid for the plot of land in Latvia. Both properties are planned to sell for a profit once fully acquired. Tbilisi apartment could be…