We keep growing the Terramatris crypto hedge fund bit after bit by selling 1 day to expiry put options on Bitcoin and Etherem
Every week we choose one crypto coin and invest all premium in it. In the last weeks, we have already invested in XLM, ETH, USDC, BTC and SOL. I have decided to stick with these 5 tickers until we grow the portfolio to at least 0.1 ETH or 0.01 BTC, thus enabling covered call writing on these positions.
On week 23rd, we are returning to USDC and SOL - every time we are going to take options premiums this week (January 22 - January 28 ), we will re-invest the premium back in USDC and SOL coin for our long-term crypto portfolio.
Our daily goal this week is to collect minimum $6.5 in premiums.
As of January 22, 2024, we are holding 0 USDC and 0.226 SOL worth $20.29. Looking to grow our USDC to about 25 and SOL holdings to about $45 by the end of the week.
Join TerraMatris crypto hedge fund by Swaping USDC for TerraM on Raydium