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Why Rolling SOL Options Can Be More Difficult Than BTC or ETH
| Options & Futures | 43 seen
TerraMatris research note, September 2026. This article describes our own positions and execution experience. It is not investment advice and does not treat option premium as a substitute for risk management.
On September 4, 2025, TerraMatris launched its dedicated Solana strategy: long SOL exposure with selective covered calls and cash-secured puts. A year is long enough to move past the first impression of a new market. We can now ask a more useful question than whether SOL options exist: after one year of using them, has the market matured enough to support systematic covered-call and put-selling strategies as reliably as Bitcoin or Ethereum?
Our answer is cautious. SOL options are more accessible than when we began. There are several credible venues, weekly contracts…
Ep 161 / TerraM Bot Opens to Public Beta as Multi-Asset Strategy Gains 2.25%
| Trading Journal | 62 seen
Another volatile but ultimately constructive week across crypto markets.
At the time of writing, Bitcoin was trading around $78,100, up roughly 1.1% from previous report. Ethereum was near $2,490, approximately 1% lower over the same period, while Solana was the strongest of the three, rallying from about $102.4 to $105–106.
Macro developments remained an important driver. The Federal Reserve raised interest rates by 25 basis points, bringing the federal funds target range to 3.75–4.00%, while reiterating that inflation remains elevated.
Volatility remained high. Bitcoin traded from roughly $75,000 to above $79,000, Ethereum briefly moved above $2,600 before falling below $2,400, and Solana dropped toward $96 before recovering above $105.
With that, let’s look…
How to Connect TerraM Bot to Bybit for the Ethereum 1 DTE Strategy
| Trading Bot | 46 seen
We are opening access to the TerraM Bot, our automated interface for running the TerraM Ethereum 1 DTE options strategy on Bybit.
The idea is simple: you keep your funds inside your own Bybit account, connect the bot through a Bybit API key, and let TerraM handle the execution logic for the strategy.
The bot does not hold your funds and does not require you to transfer your trading capital to TerraMatris.
Access costs 10 TerraM per month.
This is an early-access product and is provided as is. It is intended for users who understand crypto options, Bybit, API access, and the risks of automated trading.
What the TerraM Bot DoesThe current version of the TerraM Bot is focused on one specific strategy:
Ethereum 1 DTE options trading on Bybit…
Ep 160 / Bitcoin Buy-Write Returns to TerraM Multi Asset as Ethereum Options Strategy Rebuilds
| Trading Journal | 93 seen
Another interesting week across crypto markets.
Bitcoin fell and traded around $76,800, Ethereum declined approximately 0.5–1% over the week, while Solana underperformed slightly after its recent rally, trading near $99–100.
The broader market was driven by renewed macro pressure: rising oil prices, higher Treasury yields, inflation concerns, and increased expectations of a more restrictive Federal Reserve path. Crypto ETF flows provided some support earlier in the week, but risk appetite weakened as markets focused on inflation data and the upcoming Fed decision.
Volatility remained elevated across major assets, with crypto reacting closely to macro moves rather than crypto-specific catalysts.
For TerraMatris, the biggest structural development this week was…
Ep 159 / ETH Options Cycle Generates $225 and 6.7% Potential Income in 49 Days
| Trading Journal | 135 seen
As of September 4, 2026, our Ethereum strategy portfolio was valued at $3,674, up 0.5% week over week. Despite the continued recovery, the portfolio remains down -31.76% year to date and -68.64% below the all-time high reached in September 2025.
Based on our performance tracking, the strategy continues to underperform Ethereum itself, which is down approximately -15.50% year to date.
ETH spent most of the week trading around the $2,400-$2,500 area before reclaiming $2,500 late in the week. The broader crypto market also strengthened as bond yields eased and expectations for further Federal Reserve tightening softened. For our strategy, however, the more important development was that ETH remained comfortably above the strike prices of our current short-put positions.
…Ep 158 / ETH Strategy Up 5.31% as SOL Fund Surges 19.87%
| Trading Journal | 70 seen
As of August 28, 2026, our Ethereum strategy portfolio was valued at $3,656, up 5.31% week over week. Despite the strong weekly recovery, the portfolio remains down -32.25% year to date and -68.8% below the all-time high reached in September 2025.
Based on our performance tracking, the strategy continues to underperform Ethereum itself, which is down approximately -15.97% year to date.
Last week, ETH broke above $2,500 before retreating slightly. That still leaves it at roughly half the level it traded at about a year ago, when ETH was close to $5,000.
As our spot holdings remain relatively small, we captured only a fraction of last week’s rally. We are comfortable with that. Unlike during previous rallies, our current focus is on spot exposure while avoiding…
Ep 157 / Ethereum Strategy Up 2.45% — 5.13% Potential Return & 49/49 Bot Wins
| Trading Journal | 56 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
| Trading Journal | 54 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
| Trading Journal | 72 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
| Trading Journal | 84 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.
Weekly Cash-Secured PutsLast 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:
1.4 ETH August 7, 2026 $1,850 cash-secured puts at a $24.8 premiumThe total premium collected this week reached $33.92. The position’s break-even price is…