Terramatris is a private crypto investment hedge fund started on August 22, 2023, by Reinis Fischer. The fund is privately held, and is not publicly registered under any specific jurisdiction. Though, for most of the time operated from Tbilisi, Georgia.
Trading strategy
We trade options with crypto, while reinvesting premiums into different crypto assets. At the moment we are growing our portfolio by selling put options on Ethereum. Additionally, we trade futures spreads on Bitcoin and Ethereum capturing contango. Once we will have at least 0.1 ETH or 0.01 BTC we will start selling covered calls on these positions to boost the total return. Occasionally we sell covered calls on long ETH futures.
Crypto Research & Analytics
Before placing our options trades we check options Greeks and use technical analysis to get a better overall picture. Some of our observations are published on this YouTube channel
Risk management
As we grow our portfolio from selling put options, we also hedge the portfolio both with options and futures. In case of a suffering put option, we try to roll it down and forward, preferably for a credit. In rare cases, we might take an assignment and switch to covered call writing using futures with leverage as collateral instead of actual coins.
Holdings
| Coin | Count | Price | Buy price | Value |
| BTC | 0.000479 | $27,032 | $26,504 | $12.95 |
| ETH | 0.0134 | $1,623 | $1,650 | $21.74 |
| USDC | 3.99 | $1.00 | $1.00 | $3.99 |
| XLM | 119 | $0.12 | $0.12 | $13.81 |
| $52.49 |
Last updated: September 21, 2023
Get in touch
If you are interested in learning more or participating in the fund (minimum investment $10,000) - feel free to write me an email to reinis.fischer {at} terramatris.eu