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…
At the end of the week, the total value of our Ethereum / EUR portfolio was worth $1,505.55, which is 15.05% of our $10,000 goal. Nevertheless, last week's portfolio gained +12.16% of its value. In dollar terms, we gained +$163.
Total ETH available: 0.6894 (Margin balance: 0.7629). There is about 0.0735 ETH available to be gained from the current, open options trades
At the moment, there are 2 put and 1 call options opened with the following strikes and expiry dates:
- 1550 Put (March 24, expiry)
- 1100 Put (March 31, expiry)
- 1600 Call (April 28, expiry)
To keep the max profit, ETH should stay between 1,100 and 1,600. In case of a challenged trade we will try to adjust the trade by rolling up or down the challenged side)
From the expired options trades, we booked 0.017 ETH this week
Additionally, we bought 0.01 ETH on Coinbase.
For the next weeks, looking to hedge April 28 expiry 1600 call option, ready to roll it up and away if the ETH price will pullback under 1,600
I'm currently working on developing a course on options trading with cryptocurrency, which will cover the basics of options trading, as well as more advanced strategies and tactics for maximizing profits and minimizing risk. Feel free to enrol now!
