Articles
Rolling ETH Covered Calls Toward a 19.02% Return in 35 Days
As of July 3, 2026, our Ethereum strategy portfolio was valued at $3,941, up 3.15% week over week. However, the portfolio remains down 43.52% year-to-date and is still significantly below its all-time high, down 74.05% from the record level reached in September 2025.Our strategy is slightly underperforming Ethereum itself, which is down 42.86% year-to-date.Ethereum Covered Call PositionDuring the week, we rolled our 1.3 ETH position forward and down. One of our weekly options premium goals is to keep the delta…
Rolling Ethereum Covered Calls for a Potential 20.69% Return in 28 Days
As of June 26, 2026, our Ethereum strategy portfolio was valued at $2,948, down 45.25% year-to-date. The recent crypto selloff has been massive - painful, but not exactly unusual for this market.Compared with Ethereum itself, the portfolio has performed almost identically, with ETH down approximately 48.54% over the same period. In other words, the portfolio has largely tracked its core underlying asset, while still generating option premium along the way.If there is one lesson to take from this market, it is this…
18% Potential Return in 21 Days From Rolling a Single ETH Covered Call
As of June 19, 2026, our Ethereum strategy portfolio was valued at $3,116, down 42.15% year-to-date. While that number is never pleasant to see, periods like this are part of investing in both crypto and options.Rather than chasing risky trades to recover losses quickly, we continue to focus on a disciplined strategy built around generating option premium, managing risk, and gradually lowering our effective cost basis.Compared with Ethereum itself, the portfolio has performed almost identically, with ETH down…
XRP-Backed ETH Options Strategy: 14.6% Return While Cutting Risk by 80%
On April 23, 2026, a smaller XRP-denominated account managed separately from the main Terramatris strategies initiated a structured crypto options income strategy on Bybit.The account holder approved the strategy specifically to generate additional income from long-term XRP holdings without liquidating the underlying XRP position.At the time, the account held 751 XRP valued at approximately $1,000, while ETH traded near $2,321.Instead of selling XRP, the strategy used XRP as collateral for selling ETH put options.…
Fine-Tuning ETH Options Bot: Adding RSI-Based Assignment Logic
After two weeks of live testing and iteration, we made another meaningful upgrade to our algo trading bot. For the past 14 days, the Terramatris ETH options engine has been running continuously in production, managing short-duration ETH put strategies on Bybit.So far, results have been encouraging: the bot has maintained a 100% win rate during the initial live testing period while automatically managing expiries, scanning new opportunities, rolling winning positions forward, and tracking performance metrics…
1 DTE ETH Options Trading Bot For Bybit
We have started building a 1 DTE ETH options trading bot for Bybit, with the flexibility to extend to Deribit and potentially any exchange that offers an options chain and API access.Bybit is the primary focus, as it’s where most options trading for the Terramatris crypto hedge fund currently takes place.In the early days of Terramatris, the options strategy was entirely manual. I focused on trading 1 DTE Ethereum options, primarily selling far out-of-the-money contracts with very low delta.Over roughly a one-year…
Backtesting Ethereum: How Often Does ETH Drop 5% in a Day?
While working with the TerraM trading bot, I conducted a backtest to quantify the frequency of significant daily drawdowns over the past 365 days (May 4, 2025 – May 3, 2026). Specifically, I analyzed how often the daily price change exceeded -5% or more. The results are notable.The dataset is based on historical price data sourced from CoinMarketCap, with calculations performed in Google Sheets. Daily performance was measured as the percentage change between the open and close prices.Out of 365 trading days—…
Crypto Meetup in Palolem Beach, Goa – Traders, Builders & Investors Welcome
Join us for an informal, high-quality crypto meetup right on Palolem Beach, South Goa. This gathering brings together traders, builders, researchers, and open-minded enthusiasts for a focused discussion on real market strategies and emerging opportunities.When: Thursday, December 25 12:00 PM - 2:00 PM (GMT+5:30)Where: Palolem Beach, GoaTopics on the tableCrypto options trading (practical strategies, risk frameworks, yield ideas)DeFi staking/yields and what currently worksBitcoin, Ethereum, Solana market…
Crypto Options Prediction Bot — Inside Our Next-Gen AI Trading Engine
At Terramatris, we’ve spent years exploring the intersection of quantitative finance, machine learning, and blockchain markets.Our latest internal project - Crypto Options Prediction Bot - represents a major leap in how AI can analyze and rank crypto options across Deribit in real time.Unlike retail “signal” bots, our bot doesn’t guess. it learns, measures, and scores every BTC and ETH options contract based on statistical probabilities, expected returns, and volatility dynamics.Fetches live Deribit options data…
Discovering Derive: Our First Steps into True DEX Options Trading
At Terramatris, we’ve always been fascinated by the evolution of crypto markets and the growing range of opportunities they create for traders and investors. For years, our main focus has been on more traditional centralized exchanges (CEX) such as Bybit and Deribit. These platforms have provided liquidity, stability, and advanced trading features—making them indispensable for our operations.But one thing has always been missing: a true decentralized exchange (DEX) for options trading.Recently, while researching…