On November 9, 2023, the portfolio closed at $163.22, up $22.58, or 16.06%. The recorded weekly increase came from options income.
The week was more interesting than the closing NAV alone: Ethereum moved sharply while the strategy continued to add premium without treating a fast market as a reason to force more risk.
Market context
From November 2 to November 9, Bitcoin rose from roughly $34,938 to $36,693, while Ethereum climbed from around $1,801 to $2,121. The move coincided with BlackRock registering an iShares Ethereum Trust and Nasdaq filing to list it; this was a market backdrop rather than a claim that one filing caused the full move.
The Performance journal records the options-income result separately from the underlying market rally.