Reinis Fischer
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Blog Archive: September 2025

Week 25 / NVDA Covered Call, BMY Spread Risk, UBER Spread, MCD Added

As of September 26, 2025, our covered call stock portfolio has reached $8,807, slightly decreasing by -0.58% (-$50). Year-to-date, the portfolio is up +12.75%. Technically, last week’s drop might be attributed to USD/EUR exchange rate fluctuations, as our base currency is set to EUR and we are therefore affected by forex movements.This week, we collected $92 from selling options, what is well above my goal to generate at least 1% weekly in…

Doing Business

How To incorporate an LLC in Wyoming for a Crypto Hedge Fund

When setting up Terramatris, our crypto hedge fund, one of the earliest strategic decisions we faced was choosing the right jurisdiction for incorporation. After weighing options like the Cayman Islands, British Virgin Islands or Panama, we ultimately decided on Wyoming, USA. Here’s why.Many hedge funds gravitate toward Caribbean jurisdictions because of their established offshore structures and global recognition. However, for Terramatris,…

Living in Georgia

Chateau Ateni. Gori

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This time (May 2025), our journey takes us to Gori and the enchanting Chateau Ateni - a hidden gem where authentic Georgian cuisine blends seamlessly with avant-garde natural wines, soulful traditional dance, and even the charming surprise of a small chick farm.What makes this trip extra special is sharing it with our Latvian/Georgian friends, Soso and Ilva, whose warm hospitality turned the visit into a memory to treasure. We stayed in their…

Week 24 / BMY & NVDA Rolls Pay Off; Portfolio +1.15% This Week

As of September 19, 2025, our covered call stock portfolio has reached $8,858, marking another weekly gain of +1.15% (+$105). Year-to-date, the portfolio is up +12.39%. Technically, we’re slightly underperforming the S&P 500 (+13.31%), but I’m very satisfied with the progress - the $10K milestone with every week comes closer.Surprisingly, for most of the week it seemed we would end with a negative return, but it ultimately turned out better…

Travel

Birthday in Thessaloniki, Greece

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Turning 40 is a milestone worth celebrating in style, and what better way than in Thessaloniki — a city that seamlessly blends history, culture, and cuisine. From affordable flights and boutique stays to seafood feasts and hidden beaches, our journey turned into an unforgettable week-long adventure.Getting There: Kutaisi to ThessalonikiOur adventure began in Kutaisi, Georgia, with a direct Wizzair flight to Thessaloniki. Wizzair’s budget-…

Week 23 / BMY Roll & NVDA Rally: Covered Call Portfolio Update

Greetings from Kakheti’s Alazani Valley! This weekend we came here to enjoy the beauty of the region and to host a small office party with Caulingo, where I sometimes work when I’m not focused on fund operations at Terramatris or managing our covered call portfolio.Jokes aside:As of September 12, 2025, our covered call stock portfolio has reached $8,757, marking another weekly gain of +2.4% (+$205). Year-to-date, the portfolio is up +12.12%.…

Week 22 / Options Income Report: 1.25% Weekly ROI From NVDA & BMY Trades

As of September 5, 2025 ,our covered call stock portfolio stood at $8,552, what is another weekly increase of +0.56%  (+$47). While Year-to-date, our portfolio is +8.41%. Awesome! For the record, our portfolio is influenced by EUR/USD exchange rates. If the euro hadn’t been trading at 1.18 against the dollar, our portfolio would actually be down a few dollars. Anyhow, cheers to the EUR/USD exchange rate this week!This week, we…

Travel

Azeula Fortress, Tbilisi Sea, and Ateni Sioni

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August ended with yet another packed and memorable weekend in Georgia. This time, our journey took us from the hills near Kojori to the refreshing waters of the Tbilisi Sea, and finally to the historical town of Gori, where we enjoyed a hearty Sunday brunch and paid a visit to the ancient Ateni Sioni Church.I had heard so much about Azeula Fortress (also known as Kojori Fortress) over the years, yet for some reason, I had never actually made the…

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