Ladies and gentlemen, welcome to another weekly review of the happenings at Teramatris Crypto Hedge Fund. I'm Reinis Fischer, the founder and CEO of Teramatris, and today, on April 11, 2024, we're delving into the insights of our portfolio's performance for this week. So, let's dive in!
Teramatris is a private crypto investment hedge fund managed by yours truly, Reinis Fischer. Operating from the picturesque Kārļa Muiža in Latvia, Teramatris offers investment opportunities through decentralized liquidity pool. Before we proceed, a quick disclaimer: investments in stocks, funds, bonds, or cryptos carry risks, so it's essential to conduct thorough due diligence before investing.
Our core trading strategy revolves around selling one-day-to-expire put options on Bitcoin, with occasional forays into Ethereum and Solana Futures. We employ rigorous risk management techniques, focusing on high-probability options trades aimed at expiring worthless. In case of challenges, we consider rolling forward for a credit or hedging our portfolio with futures and stop-losses.
Each week, we set specific goals, aiming to generate a minimum of $14 daily from options premiums, reinvesting them back into Ethereum. While we continually assess the possibility of buying long put options, this week's focus remained on selling put options and reinvesting in Ethereum.
As of April 11, 2024, our portfolio reached an all-time high of $2,079.95, marking a significant milestone surpassing $2,000. This week saw a week-over-week growth of over 4%, translating to more than $84 in growth compared to the previous week.
Remarkably, no trade adjustments were needed this week, underscoring the effectiveness of our one-day-to-expire put options strategy.
We observe a consolidation phase in the market, with Bitcoin contemplating its next move. While we anticipate a potential surge to $100K, pullbacks to $65K-$60K levels remain plausible amidst the ongoing bull market.
For those interested in participating in Teramatris Crypto Hedge Fund, TERRAM tokens are available on the Solana blockchain. With 10,000 tokens up for grabs, investors can swap USDC for TERRAM on Radium or Jupiter Network. Additionally, to celebrate our milestone, we've deposited additional TERRAM tokens, bringing the total supply to 360. Holders can anticipate a 10% airdrop soon, subject to Solana blockchain's technical adjustments.
Thank you for joining us on this week's journey through Teramatris Crypto Hedge Fund. Your feedback, comments, and suggestions are invaluable to us. Feel free to connect via LinkedIn, leave comments on our YouTube channel, or visit my personal blog at reinisfisher.com. Until next week, happy investing!