Reinis Fischer
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Week 50 / How I Generated $171 Options Premium This Week (And Grew My Portfolio to +7.69% YTD)

As of March 20, 2026, our covered-call stock portfolio has increased slightly by +0.62% and closed at $11,210. For most of the week, we didn’t make any trades or adjustments. On Friday, after previous spreads expired worthless, we opened two new credit spreads on NVDA and BMY.Additionally, we bought 0.1 shares of MCD. If you’ve been following our portfolio, you’ll know this is something we do occasionally—typically when visiting a McDonald’…

Week 49 / Markets Shake, Premium Flows: NVDA Credit Spreads During the Iran War

As of March 13, 2026, our covered-call stock portfolio has decreased slightly by -0.63% and closed at $11,141. This is already the second week in a row that our portfolio value has decreased. However, the decline is largely explained by currency movements. Since the portfolio’s base currency is EUR, the drop should primarily be attributed to the USD/EUR exchange rate. The greenback strengthened against the euro and traded around 1.14.Rising…

Week 48 / NVDA, PFE Put Roll Brings $99 Options Income

As of March 6, 2026, our covered-call stock portfolio has decreased slightly by -1.16% and closed at $11,211. As our portfolio’s base currency is EUR, the decrease should primarily be attributed to the USD/EUR exchange rate. The greenback strengthened against the euro and traded around 1.16.At the start of the week, I took a proactive stance and rolled down and forward the PFE put for a credit. The plan is to roll it further if needed. I…

Investing

I Won’t Sell Ethereum Before It Reaches $10,000

Ethereum has been one of the most important investments in my crypto journey. I started accumulating ETH years ago, held it through multiple cycles, and even at some point I was holding about 12 ETH. Over time I sold portions at different prices.Today I hold 2 ETH, which I actively use in our Terramatris Ethereum strategy of trading covered calls on Ethereum. Despite trading around my position, I have a simple long-term rule:I will not let…

Magalaant Church Complex

I first discovered the Magalaant Church Complex a few years ago during one of our spontaneous road trips to Kavtiskhevi. No fixed plan, no strict itinerary - just a turn off the main road and the usual curiosity about what might be hiding on the hills above the valley. That’s often how the best places are found.Magalaant sits modestly on a hillside, overlooking the surrounding landscape with the calm confidence typical of old Georgian churches.…

Week 47 / NVDA Post-Earnings Pullback: Covered Call Roll Adds $560 in Potential Income

As of February 27, 2026, our covered-call stock portfolio has increased slightly by +0.27% and closed at $11,343. Last week was NVDA earnings week, and the stock moved the market more than expected.Earlier in the week, I decided to proactively roll our June $116 covered call up and out to a November $120 covered call. The main concern was assignment risk in case of a strong post-earnings rally. By rolling, we extended duration but improved…

Food blogger

How to make Adjarian Khachapuri at Home

Embedded thumbnail for How to make Adjarian Khachapuri at Home

Today we finally got it right — real Adjarian khachapuri at home. This was my second attempt. The first time I made the classic mistake: I thought regular cheese would work. It didn’t. The texture was wrong, the melt was wrong, and the flavor was flat. Lesson learned  - the cheese is not optional detail, it’s the core of the dish.This morning I went to Goodwill in Tbilisi and bought the two essentials:Imeretian cheeseSulguni cheeseThat…

Hotel reviews

Lemon Tree Premier, Malad Mumbai – Decent Stay, But Know What You’re Booking

At the start of 2026, we spent 2–3 nights at Lemon Tree Premier, Malad, Mumbai while returning from Goa to Tbilisi, with a stopover in Mumbai.We were looking for a practical option rather than a luxury experience. The price made the decision easy: we paid around $250 total, roughly half of what many central Mumbai hotels were charging for similar dates. There was a reason for that.The hotel is located in Malad, which is about an hour’s drive…

Week 46 / From PFE Roll to NVDA Earnings: Covered Call Portfolio Now at $11,312

As of February 20, 2026, our covered-call stock portfolio has increased by +2.20% and closed at $11,312. Growth remained intact, even after rolling PFE forward and down.For most of the week, my focus was on NVDA, but in the end I had to adjust PFE instead — rolling it forward and lower. That’s part of the process.NVDA earnings are still ahead next week, so there’s no certainty yet. That said, I’m about 85% confident we’re heading into a…

Investing

How TerraM Plans to Reach a $100,000 Fully Diluted Valuation

TerraM token was launched with a simple structure: 10,000 tokens in existence and a disciplined, performance-driven capital strategy. Today, with the token trading at 1.85 USDC, the fully diluted valuation (FDV) stands at 18,500 USDCThat is far below the level we believe reflects the underlying fund structure and ongoing weekly buybacks.This article outlines the next phase: how we intend to move toward a 100,000 USDC FDV, and under what…

Investing

What Are the Main Challenges Running a Solana Covered Calls Growth Portfolio?

Solana covered calls sound straightforward: hold SOL, sell calls, collect premium, compound. Back in September 2025 we launched Solana strategy at Terramatris crypto hedge fund, mostly focused on buy/write operationsMmost of the usual “covered call problems” are real: you cap upside in rips, you can get dragged into rolling, and in a drawdown you risk becoming a paid bagholder. But with proper risk management and discipline, those aren’t the…

Week 45 / Using Cash-Secured Puts to Accumulate Pfizer (PFE) Shares

As of February 13, 2026, our covered-call stock portfolio has decreased slightly by -0.33% and closed at $11,069. Since I couldn’t continue with weekly NVDA spread trades — having already rolled them out to the February 27 expiry — I focused elsewhere last week and reopened our PFE position.I consider Pfizer a core dividend holding, so I initiated a bull put credit spread and used the premium to purchase 0.5 shares, adding incrementally to…

Investing

Why I Added Pfizer (PFE) Back to My Portfolio

Pfizer (PFE) is not a new name in my investing history. I was investing in PFE well before Covid, with fairly high expectations for the stock as a stable pharmaceutical blue-chip with strong cash flows and a reliable dividend profile. During the Covid years, Pfizer became a market favorite, but paradoxically that period also marked the beginning of my loss of interest in the stock.Once PFE was excluded from the Dow Jones Industrial Average, the…

Investing

Why Invest in MicroStrategy (MSTR) When You Can Buy Bitcoin Directly?

Like everyone in crypto should have heard about MicroStrategy by now. It’s impossible to miss it — Michael Saylor, massive debt issuance, billions in Bitcoin on the balance sheet, and MSTR trading like a leveraged BTC ticker. But what has always personally puzzled me is simple: why bother investing in MSTR at all, when you can just buy Bitcoin directly?If the core thesis is that Bitcoin goes up over time, then spot BTC feels like the cleanest…

Investing

A Poor Man’s Buy/Write With XRP (Yes, It Exists)

On February 6, I opened a tiny XRP trade. Not because it will move markets. Not because it will fund early retirement. But because it’s a clean, honest example of how a buy/write strategy can work even in crypto.Think of this as poor man’s crypto hedge fund experimentation: low stakes, existing collateral, mostly for fun  but with real mechanics and real money.On February 6, I bought 66 XRP at $1.51 and immediately sold 66 call options with…

Living in Georgia

Tbilisi ETH Hackathon: Finally Making It (and Mostly Drinking Beer)

I first noticed ETH Chipmunks toward the end of 2025. They kept popping up on my radar via Luma links Ethereum meetups, hackathons, small community events in Tbilisi. I applied several times. Each time, something got postponed, rescheduled, or quietly disappeared. Timing never worked.That changed in early February 2026, when the Tbilisi ETH Hackathon (Season 2 or something) finally happened—and I finally made it.I showed up prepared. Laptop in…

Week 44 / $94 Options Premium Earned Amid NVDA Volatility and Tech Sell-Off

As of February 6, 2026, our covered-call stock portfolio has increased by another +0.51% and closed at $11,106. Wow, what a week - this has been a very tough week for tech stocks and crypto. Our Ethereum strategy fell by an additional 15%, and we ultimately capitulated on our current leveraged positions. A clear takeaway: avoid leverage at all costs.Unlike the calmer weeks before, this week we were more active in our stock portfolio,…

Restaurant reviews

The Fisherman's Wharf Calangute

Some places just stick with you.The Fisherman’s Wharf in Calangute (Goa) is one of those restaurants we keep coming back to and not by accident. We first discovered it during our first India trip in 2023/2024, when we spent a few days staying in Calangute at Hotel Renest (seems I have forgot to review it here)Back then we were exploring the area, trying different food spots, and The Fisherman’s Wharf instantly stood out, also it was closely…

Week 43: Boring but Profitable — BMY Credit Spread Brings in $65 Options Premium

As of January 30, 2026, our covered-call stock portfolio has once again increased by +2.43% and closed at $11,050. For the first time, we’ve cracked the $11K milestone. Awesome. Interestingly, we kept activity minimal this week  the only new trades were BMY credit spreads opened today. Despite that, the NVDA-centered portfolio is clearly outperforming the crypto portfolio, which suffered another sharp -30% drop this week. Definitely…

Investing

How the NVDA Strategy Became the Backbone of Our Stock Portfolio

The NVDA strategy didn’t start as a master plan. It emerged out of necessity.About a year ago (2025), after the DeepSeek-related volatility shock that briefly crushed NVDA and other AI names, our stock portfolio was under pressure. I was using margin across multiple positions, volatility expanded fast, and I faced a margin call. That was the moment I decided to abandon complexity and build the entire portfolio around a single, highly liquid…

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I share ongoing portfolio progress with a focus on generating income through covered calls on quality stocks. Each update includes positioning changes, trade rationale, and forward-looking adjustments based on current market conditions.

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