crypto options

How to Adjust Your Bitcoin Options Strategy for Market Volatility

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At the start of April 2024, we were challenged with 0.18 put options on Bitcoin with a strike price of 68,000. An unexpected drone attack against Israel sent shockwaves across the markets, and suddenly, a relatively safe options trade was in the money. We were left with no other choice but to adjust and roll out this position.Fast forward to the end of April, and we have managed to roll out this position to 0.07 put options on Bitcoin with several expiry dates, with the longest set to expire at…


The Guide to Put Selling in Crypto Markets

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The Guide to Put Selling in Crypto Markets is my first ebook published for Kindle and available for sale on Amazon. Written with the help of AI (Chat GPT) in February 2024. Dive into the dynamic world of cryptocurrency trading with "The Guide to Put Selling in Crypto Markets" Authored by Reinis Fischer, CEO and Founder of Terramatris crypto hedge fund, this comprehensive ebook is your roadmap to mastering the art of put selling in the crypto sphere.Whether you're a seasoned trader or a newcomer…


How To Adjust 1 DTE Crypto Put option

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Options trading in the crypto market presents a myriad of strategies, and mastering the art of adjusting positions is a vital skill for navigating market fluctuations successfully. In this comprehensive exploration, we'll delve into the intricacies of adjusting a 1 DTE (Day to Expiration) Crypto Put Option, drawing insights from a real-world scenario involving the TerraMatris crypto hedge fund. Before we embark on the journey of adjustment strategies, let's take a moment to revisit the…


All in Crypto

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On September 27, 2023, I decided to withdraw all funds available from my stock brokerage account and put them to work at Terramatris crypto hedge fund. I have been thinking about this move for ages, and finally just did it. All the funds are used for writing put options on Ethereum, thus growing the total portfolio.  Today's withdrawal will give about a $40/mo boost to our hedge fund. Not much, not little. Taking into account that I'm growing it from scratch - quite a decent bump.…


May 2023 Stock & Crypto Portfolio Update

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At the end of May 2023, I was managing 3 small investment portfolios. The total value of all portfolios combined was USD 8,039 / EUR 7,530. Last month our portfolios grow by quite an impressive USD 1,004 One of my short-term goals is to grow portfolios to $10,000. To get there it is planned to deposit additional capital, plus selling options premium. $2,000 to go before reaching our short-term goal. Portfolio #1 Stellar month for our main portfolio, it grew by impressive EUR 640 last month…


Week #26 Crypto Hedge Fund Update (-4.72%)

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Greetings from Tbilisi, Georgia. Last weekend we spend in outdoors enjoying rafting and mcvadi in Pasanauri. More on that in video  section On Friday, June 9, 2023, 1 ETH traded at $1,836 while the total value of our Ethereum / EUR / USDC / BTC portfolio was worth $1,953.46, and is just slightly under 20% from our $10,000 goal. Week over week the total value of portfolio decreased by $96.73/ The value decreased because ETH pride dropped from 1,900 to 1,840 Last week we also booked a decent…


Week #25 Ethereum Options Trading Results (+0.044 ETH)

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Greetings from Tbilisi, Georgia. Summer has started with temperatures well above +30C. On Friday, June 2, 2023, 1 ETH traded at $1,902 while the total value of our Ethereum / EUR / USDC / BTC portfolio was worth $2,050.19, and is already about 20% from our $10,000 goal. Week over week we booked growth of more than $230 for the portfolio.  Last week we also booked a decent +0.044 ETH profit, most of the profit comes from the 1DTE call options sold against ETH-perpetual futures contracts In…


Week #24 Ethereum Options Trading Results (+0.058 ETH)

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Greetings from Istanbul, Turkey. We come here for a short weekend trip to visit some kid's amusement parks, try the local cuisine and just to spend some good time together. For the past few days, I've been trading mostly from my iPhone. And I'm trading a lot, buying both Bitcoin and Ethereum perpetual future contracts. At the moment managing 5 portfolios on the Deribit platform. On Friday, May 26, 2023, 1 ETH traded at $1,829 while the total value of our Ethereum / EUR / USDC / BTC portfolio…


Week #16 Ethereum Options Trading Results (-0.1949 ETH)

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At the end of the week, the total value of our Ethereum / EUR portfolio was worth $1,561.59, which is about 15.61% of my $10,000 goal. Additionally, the portfolio gained +1.97% last week of its value. In dollar terms, we gained +$30.24. One of our short-term goals is to grow the portfolio back to its all-time high of $1,802, which was recorded at the start of January Total ETH available: 0.7199 (+0.036) (Margin balance: 0.7357). There is about 0.0481 ETH available to be gained from the…


How To Adjust Covered Call Options on Crypto

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Adjusting a covered call on crypto is similar to adjusting a covered call on any other asset. A covered call is a popular options trading strategy where an investor holds a long position in an asset and sells a call option on that same asset to generate income. If the underlying asset is a cryptocurrency, the same principles apply, but there are a few additional factors to consider. On March 10, 2023, I established a covered call position with Ethereum on the Deribit trading platform, I…