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Ep 59 / Middle East Risk Pulls Crypto Lower

| Trading Journal | 18 seen

The portfolio closed at $3,661.52, down $44.72, or 1.21%. The smaller drawdown relative to BTC and ETH was the relevant resilience point.

Market context

From Sep 26–Oct 3, Bitcoin fell from roughly $65,177 to $60,745, while Ethereum declined from around $2,633 to $2,350. The selloff followed heightened Israel–Iran tension and weaker risk appetite.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.47, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 58 / Portfolio Recovery Resumes After the Fed-Led Rally

| Trading Journal | 18 seen

The portfolio closed at $3,706.24, up $174.19, or 4.93%. The result restored the portfolio after the prior week’s divergence.

Market context

From Sep 20–26, Bitcoin rose from roughly $63,211 to $65,177, while Ethereum moved from around $2,562 to $2,633. Neither asset crossed the threshold.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.47, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 57 / Fed Cut Rally Leaves the Portfolio Behind

| Trading Journal | 18 seen

The portfolio closed at $3,532.05, down $89.22, or 2.46%. The contrast with a strong crypto rally is the important journal question; the record does not provide enough detail to allocate the divergence to individual positions.

Market context

From Sep 12–20, Bitcoin rose from roughly $58,138 to $63,211, while Ethereum climbed from around $2,362 to $2,562. The September 18 50-basis-point Fed cut and improved risk appetite coincided with the rally. The Friday reporting date creates an eight-day interval.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.46, separately from portfolio NAV.

See the Performance journal…

Ep 56 / Options Strategy Holds Ground in a Mixed Market

| Trading Journal | 22 seen

The portfolio closed at $3,621.27, up $42.80, or 1.20%. The quiet mixed market made this a measured strategy week rather than a market-beta result.

Market context

From Sep 5–12, Bitcoin rose from roughly $56,157 to $58,138, while Ethereum was broadly stable around $2,368–$2,362. Neither asset crossed the threshold.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.48, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 55 / September Risk-Off Tests the Portfolio

| Trading Journal | 20 seen

The portfolio closed at $3,578.47, down $75.92, or 2.08%. The smaller portfolio decline relative to the underlying market was the relevant observation.

Market context

From Aug 29–Sep 5, Bitcoin fell from roughly $59,364 to $56,157, while Ethereum declined from around $2,528 to $2,368. Weak employment data and rate-path uncertainty were part of the early-September risk-off backdrop.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.64, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 54 / A Quiet Week Preserves the August Recovery

| Trading Journal | 24 seen

The portfolio closed at $3,654.39, up $20.41, or 0.56%. The week was quiet, but it preserved the recovery rather than forcing a new risk-taking story.

Market context

From Aug 22–29, Bitcoin moved from roughly $60,383 to $59,364, while Ethereum eased from around $2,623 to $2,528. Neither asset crossed the threshold.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.61, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 53 / Portfolio Recovery Extends in a Quiet Market

| Trading Journal | 19 seen

The portfolio closed at $3,633.98, up $225.68, or 6.62%. After August’s shock, the gradual recovery mattered more than the exact closing value.

Market context

From Aug 15–22, Bitcoin rose from roughly $57,544 to $60,383, while Ethereum moved from around $2,571 to $2,623. Neither asset crossed the threshold.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.61, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 52 / Portfolio Recovers Through August Volatility

| Trading Journal | 13 seen

The portfolio closed at $3,408.30, up $212.66, or 6.65%. The recovery was notable because it came while Bitcoin continued lower.

Market context

From Aug 8–15, Bitcoin fell from roughly $61,706 to $57,544, while Ethereum moved from around $2,684 to $2,571. Markets were still digesting the earlier liquidation event.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.37, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 51 / Options Premium Cushions an August Crypto Selloff

| Trading Journal | 16 seen

The portfolio closed at $3,195.64, down $212.66, or 6.32%. The journal records $43.77 in options premium, which cushioned but did not eliminate the market-driven drawdown.

Market context

From Aug 1–8, Bitcoin fell from roughly $65,288 to $61,706, while Ethereum declined from around $3,201 to $2,684. The interval included the August 5 global risk-off shock, yen strength, carry-trade unwinding and recession concerns.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.48, separately from portfolio NAV.

See the Performance journal for the wider series.

Ep 50 / Options Income Carries the Portfolio Past $3,400

| Trading Journal | 38 seen

The portfolio closed at $3,411.24, up $22.19, or 0.65%. The journal explicitly records $22.19 in options income, making the first move above $3,400 a documented income-led milestone.

Market context

From Jul 25–Aug 1, Bitcoin moved from roughly $65,777 to $65,358, while Ethereum rose from around $3,174 to $3,202. Both assets were broadly stable.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a specific premium figure is stated above.

TerraM was recorded around $1.48, separately from portfolio NAV.

See the Performance journal for the wider series.