Greetings from Tbilisi, Georgia. While we are just at the start of February, it feels that Spring is just around the corner, and soon more sunshine will come and warm us.
Last week our humble crypto hedge fund grew to $730.30 from trading 1 DTE put options on BTC. We got also a small bump to the portfolio from 200 free JUP tokens in their airdrop. We ahbve little idea about JUP tokens at the moment, but lets have some fun and keep them until eventually they will reach $100 per token some day?
Meantime, lets see will we be able to grow our crypto fund over $800 this week?!
We keep growing the Terramatris crypto hedge fund bit after bit by selling put options on Bitcoin (and sometimes Ethereum)
Every week we choose one or two crypto coins 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 25th, we are returning to XLM and SOL - every time we are going to take options premiums this week (February 5 - February 11 ), we will re-invest the premium back in USDC and XLM coin for our long-term crypto portfolio.
Our daily goal this week is to collect minimum $8 in premiums.
As of February 5, 2024, we are holding 646.3 XLM worth $70.26 and 0.554 SOL worth $53.13. We are looking to grow our XLM holdings to about $100, while having SOL worth about $80 by the end of the week.
Interested to join our journey and grow with us? Consider swapping some USDC for TerraM token. By the way we are making our first airdrop, giving away 10% to every token holder once our fund will reach $2,000.