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Ep 157 / Ethereum Strategy Up 2.45% — 5.13% Potential Return & 49/49 Bot Wins

21 August 2026 | Trading Journal | 20 seen

As of August 21, 2026, our Ethereum strategy portfolio was valued at $3,471, up 2.45% week over week. Despite the weekly recovery, the portfolio remains down -35.53% year to date and -70.37% below the all-time high reached in September 2025.

Based on our performance tracking, the strategy is underperforming Ethereum itself, which is down approximately -20.56% year to date.

Last week, ETH recovered above $2,300, although the move appears to have been driven more by mechanical factors than a fundamental shift in Ethereum’s outlook. A significant part of the rally was likely fueled by a short squeeze, with forced liquidations accelerating the move higher, while the initial momentum was largely related to the broader Bitcoin-led crypto rally.

Unfortunately, we were unable…

Ep 156 / ETH Cash-Secured Put Strategy Targets 5.01% Return in 28 Days

14 August 2026 | Trading Journal | 41 seen

As of August 14, 2026, our Ethereum strategy portfolio was valued at $3,388, up 0.35% week over week. Despite the weekly recovery, the portfolio remains down -37.07% year to date and -71.08% below the all-time high reached in September 2025.

Based on our performance tracking, the strategy is slightly underperforming Ethereum itself, which is down approximately -36.46% year to date.

For the past couple of weeks, ETH has been trading sideways in the $1,800–$1,900 range. From a classical technical-analysis perspective, we cannot rule out that the market is in a consolidation phase ahead of its next significant move. That breakout could be relatively binary—either sharply higher or lower.

Unlike traditional equities, digital assets are difficult to value using…

Ep 155 / Targeting 4% in 21 Days With ETH Cash-Secured Puts

7 August 2026 | Trading Journal | 53 seen

As of August 7, 2026, our Ethereum strategy portfolio was valued at $3,377, up 0.6% week over week. Despite the weekly recovery, the portfolio remains down -37.29% year to date and -71.18% below the all-time high reached in September 2025.

Based on our performance tracking, the strategy is slightly underperforming Ethereum itself, which is down approximately -35.89% year to date.

With less than five months remaining in the year, our goal is to bring the portfolio back to 0% YTD performance. From the current level, this would require approximately $1,600 in additional growth.

I would describe this target as challenging, but achievable. The main difficulty is that we are aiming to generate this recovery primarily through options income and potential appreciation of the…

Ep 154 / Ethereum Cash-Secured Puts Target 2.94% Return in 14 Days

31 July 2026 | Trading Journal | 74 seen

As of July 31, 2026, our Ethereum strategy portfolio was valued at $3,357, up 1.7% week over week. Despite the weekly recovery, the portfolio remains down -37.66% year to date and -71.35% below the all-time high reached in September 2025.

Based on our performance tracking, the strategy is slightly underperforming Ethereum itself, which is down approximately -35.77% year to date.

Last week, we closed our covered-call position at a profit and switched back to selling cash-secured puts. After the previous puts expired worthless, we opened a new position with an August 7, 2026 expiry:

The total premium collected this week reached $33.92. The position’s break-even price is…

Ep 153 / ETH Covered Call Closed for 26.39% Profit as New Put Trade Opens

24 July 2026 | Trading Journal | 94 seen

As of July 24, 2026, our Ethereum strategy portfolio was valued at $3,330, up 1.59% week over week. Despite the weekly recovery, the portfolio remains down -38.70% year to date and -71.83% below the all-time high reached in September 2025.

Based on our performance tracking, the strategy is slightly underperforming Ethereum itself, which is down approximately -36.36% year to date.

This week, ETH reached and exceeded our $1,875 strike price. Instead of rolling the covered call forward and higher, we decided to close the position and realize the profit.

Since opening the position on June 5, we earned $551.85 over 49 days, representing a return of approximately 26.39%.

Under normal circumstances, we would have…

Ep 152 / ETH Covered Call Rolled Forward: 26.39% Potential Return in 49 Days

17 July 2026 | Trading Journal | 73 seen

As of July 17, 2026, our Ethereum strategy portfolio was valued at $3,249, up 1.38% week over week. Despite the weekly recovery, the portfolio remains down -39.66% year to date and -72.27% below the all-time high reached in September 2025.

Based on our performance tracking, the strategy is slightly underperforming Ethereum itself, which is down approximately -38.22% year to date.

On July 14, just a few days before expiry, we decided to roll our 1.3 ETH covered call position forward. For a brief moment, ETH traded above $1,900, which was encouraging. However, it dipped back below our strike price during Friday morning’s session.

We bought back the $1,875 call for $33.20 and sold the July 24 $1,875 call for $56.70. Based on the quoted…

Ep 151 / Rolling ETH Covered Calls for a 25.35% Potential Return in 42 Days

10 July 2026 | Trading Journal | 40 seen

As of July 10, 2026, our Ethereum strategy portfolio was valued at $3,205, up 5.4% week over week. Despite the weekly recovery, the portfolio remains down -40.48% year to date and -72.65% below the all-time high reached in September 2025.

Based on our performance tracking, the strategy is slightly underperforming Ethereum itself, which is down approximately 40.30% year to date.

On July 7, just a few days before expiry, we decided to roll our 1.3 ETH covered call position up and forward.

We bought back the $1,850 call for $13.40 and sold the July 17 $1,875 call for $29.60. Based on the quoted option prices, the roll generated a gross credit of approximately $16.20 before fees.

According to our portfolio calculations, this increased…

Ep 150 / Rolling ETH Covered Calls Toward a 19.02% Return in 35 Days

3 July 2026 | Trading Journal | 51 seen

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.

During the week, we rolled our 1.3 ETH position forward and down. One of our weekly options premium goals is to keep the delta below -0.15, and for this week we chose the $1,800 strike.

This roll brought in $7.74, which is barely more than one dollar per day. Still, all premium was reinvested into an ETH spot purchase, increasing our holdings to 1.3045942 ETH.

We now hold:

Ep 149 / Rolling Ethereum Covered Calls for a Potential 20.69% Return in 28 Days

26 June 2026 | Trading Journal | 30 seen

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: stay away from leverage.

Because we are running spot-only, or spot-backed covered options strategies, we are not being forced out of positions. We are more or less surfing the wave.

During the week, ETH briefly traded above $1,750. At that moment,…

Ep 148 / 18% Potential Return in 21 Days From Rolling a Single ETH Covered Call

19 June 2026 | Trading Journal | 136 seen

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 approximately 41.54% over the same period. In other words, the portfolio has largely tracked its core underlying asset while continuing to generate option premium along the way.

This week, we managed 1.3 Ethereum covered calls…