On August 24, 2023, just two days after launching our fund from scratch, we earned our very first profit — a modest yet meaningful $5.38 from selling credit spreads on Ethereum.
While the amount might seem small to outsiders, for us it represents something far greater: validation. It confirms that the engine works, that the strategy can generate income, and that even from day one, we're on the path toward a scalable, rules-based options strategy.
We sold a credit spread on Ethereum, expecting price stability within a specific range. The trade expired worthless for the buyer, allowing us to pocket the premium. The $5.38 in net profit reflects precise risk management with defined outcomes.
We started with a vision: to build a crypto-native fund that blends traditional options strategies with digital assets. There were no shortcuts, no initial capital windfalls — just conviction, hustle, and execution.
This first win fuels our motivation. It’s a reminder that every successful journey starts with a single step — or in our case, a $5.38 credit.
We’re not chasing overnight riches. We’re building a strategy that compounds, adjusts, and scales.
Stay tuned.