Blog
Fine-Tuning ETH Options Bot: Adding RSI-Based Assignment Logic
| Algo Trading | 16 seen
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 in real time.
But despite the strong early performance, one important question remained: What should the bot do when a put option expires in the money?
The Problem With Blind AssignmentInitially, the logic was simple:
If the option expired worthless…How to Buy TerraM Token: A Step-by-Step Guide
| TerraM Ecosystem | 11 seen
TerraM is a Solana SPL token connected to the Terramatris ecosystem and crypto hedge fund initiative. The token is designed to align community participation with long-term growth strategies focused on crypto asset management, options trading, and decentralized finance exposure.
As with any crypto asset, investors should understand:
Token utilityLiquidity conditionsVolatility risksCustody risksSmart contract risksCrypto remains a high-risk asset class. Never invest capital you cannot afford to lose.
Step 1 — Set Up a Solana WalletBecause TerraM is a Solana SPL token, you need a Solana-compatible wallet.
Recommended Wallet: Phantom
We recommend using:
Phantom WalletPhantom is user-friendly, widely adopted in the Solana ecosystem, and works well with…
Ep 142: Ethereum Options Strategy Generates $129 Premium as TerraM Expands Liquidity
| Weekly updates | 90 seen
On May 8th, 2026, the TerraM token traded at $2.12, up +4.95% week over week. On-chain activity was minimal, with two buys and one sell.
The treasury operations increased current liquidity on the Raydium AMM pool (TerraM:USDC) to 4.56% of total token circulation. While this week's increase was modest, we remain optimistic about reaching 5% liquidity by the end of the month.
We expect the TerraM token to reach the $2.20–$2.30 range by month-end, supported by ongoing weekly buybacks from the fund and continued liquidity injections.
An interesting pattern is forming on the technical chart — something resembling a cup formation. With our current treasury and liquidity operations, we do not exclude the possibility of reclaiming the all-time high of $3.30, set back in…
How to Generate $125 per Week with Options Trading
| Crypto Options | 12 seen
At first glance, making $125 per week from options trading doesn’t sound extraordinary. In fact, at Terramatris, this level of income is relatively achievable with modest capital and a structured approach.
But there’s an important distinction: “Achievable” does not mean “safe.”
In this article, we’ll break down how such returns can be generated, using a real setup we explored in early May 2026 — and more importantly, we’ll explain the trade-offs behind it.
The Target: $125 Weekly PremiumThe simplest way to think about this:
You sell optionsYou collect premium upfrontYou aim to repeat this weeklyYour goal is not to “win trades” — it’s to systematically harvest premium.
At Terramatris, we often structure trades so that:
Premium is predictableCapital usage…What Is RFQ in Crypto Options? When to Use It (and When Not To)
| Crypto Options | 13 seen
In recent months, we have been receiving an increasing number of inbound messages on LinkedIn from institutional counterparties - market makers, liquidity providers, and trading firms. Much of this outreach is clearly systematized, likely supported by AI-driven prospecting tools targeting participants active in crypto derivatives.
While most of these conversations remain exploratory, some provide useful insight into how more sophisticated market participants operate.
One such interaction introduced us to a concept we had not previously engaged with directly: RFQ (Request for Quote).
The ContextTerramatris currently operates as a smaller, actively managed crypto/options portfolio, with a focus on systematic strategies rather than large block trades. Execution is…
1 DTE ETH Options Trading Bot For Bybit
| Algo Trading | 21 seen
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 period, the performance was surprisingly consistent. Only about 5–6 trades—with delta below -0.1—were meaningfully challenged.
That said, those weren’t truly systematic trades. They were entered manually, driven by human judgment—and at times,…
Backtesting Ethereum: How Often Does ETH Drop 5% in a Day?
| Research | 21 seen
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—reflecting the continuous nature of crypto markets—194 days closed negative, while 171 days were positive. This distribution suggests a moderately bearish environment over the observed period, consistent with broader market conditions.
Distribution of Daily…Ep 141: TerraM Token Defends $2—Is the Trading Bot the Next Catalyst?
| Weekly updates | 125 seen
On May 1st, 2026, the TerraM token traded at $2.02, down -6.48% week over week. On-chain activity was minimal, with two buys and one sell.
The sell-off actually improved liquidity in the pool, and through active treasury operations we managed to keep the TerraM token above $2, which is a strong outcome.
If selling pressure remains limited in the coming weeks, we expect the TerraM token to reach the $2.20–$2.30 range by month-end, supported by ongoing weekly buybacks from the fund and continued liquidity injections.
During the week total TerraM liquidity on the Raydium pool increased to 4.55% of total supply.
Our broader objective remains to expand liquidity coverage to 10%, with a near-term milestone of reaching 5%. We are quite…
Ep 140: TerraM Hits $2.16: Liquidity Expands as ETH Options Strategy Deliver
| Weekly updates | 79 seen
On April 24, 2026, the TerraM token traded at $2.16, up +5.36% week over week. On-chain activity was minimal, with two buys and no sells. The token has moved comfortably above $2 and we expect it staying so, unless some black swan event happens.
During the week total TerraM liquidity on the Raydium pool increased to 3.80% of total supply.
Our broader objective remains to expand liquidity coverage to 10%, with a near-term milestone of reaching 4%. We expect cracking 4% milestone next week and are quite optimistic reaching 5% level by the end of May.
Ethereum strategyWeek over week, the Ethereum strategy delivered a small +0.64% gain. Ethereum retraced back to $2,300 levels.
Since we couldn’t meaningfully roll our existing 2050 calls to the…
Ep 139: TerraM Surges +5% WoW as ETH Rally Lifts Fund Performance
| Weekly updates | 77 seen
On April 17, 2026, the TerraM token traded at $2.05, up +5.12% week over week. On-chain activity was minimal, with two buys and no sells. The token has moved back above $2 and could end April in the $2.20–$2.30 range. Still, with about two weeks remaining, it’s too early to draw firm conclusions.
During the week total TerraM liquidity on the Raydium pool increased to 3.72% of total supply.
Our broader objective remains to expand liquidity coverage to 10%, with a near-term milestone of reaching 4%.
Until liquidity deepens further, elevated slippage should be expected.
Ethereum strategyWeek over week, the Ethereum strategy delivered a strong +2.5% gain. It was a solid week for ETH, with it trading above $2,400 on Friday evening
While the…