Good Morning Ladies and Gentlemen, my name is Reinis Fischer, and I’m the CEO and Founder of TerraMatris Crypto Hedge Fund. Today is September 12, 2024, and as usual, I’m recording this weekly recap from the Axis Tower in the Vake neighborhood of Tbilisi, Georgia, with my trusty friend—the skeleton of a dino—in the background.
This past week has been eventful. I’ve traveled extensively across Georgia, enjoying outdoor activities, including swimming in scenic pools. I also flew to Riga for some property investment management work, which I’ll talk about later in this video.
But before diving into the details, let me give a quick overview of what TerraMatris is all about, especially for those of you who are new to the channel.
What is TerraMatris?
TerraMatris is a private crypto investment hedge fund managed by me, Reinis Fischer. It’s not publicly registered, so it’s available for investment through the Raydium Liquidity Pool. If you’re interested, you can swap USDC for TerraM tokens.
Swap on Raydium (Solana supported wallet required)
Most of our operations are based in Tbilisi, Georgia. If you’re ever around, feel free to drop a comment or reach out. We might grab a coffee or perhaps a glass of wine during one of our networking events.
Disclaimer: Investments in stocks, funds, bonds, or cryptos come with risks. You could lose some or all of your money. Always do your due diligence before investing in any asset.
Trading Strategy Recap
Now, let’s dive into what really matters—our trading strategy at TerraMatris.
We mainly focus on selling 1-day-to-expire put options. As short put option sellers, we typically trade Bitcoin and Ethereum, occasionally selling covered calls on our long-term positions. At present, we’re holding covered calls on Ethereum and Solana. Previously, we’ve traded covered calls on Ethereum as well.
A core part of our strategy is dollar-cost averaging into select cryptocurrencies like Bitcoin, Ethereum, Solana and USDC ensuring that we consistently build positions regardless of market conditions.
Risk Management at TerraMatris
Risk management is central to our options trading. We aim for high-probability trades that expire worthless. If a trade is challenged, or we experience a market selloff, we’ll roll the position forward, sometimes hedging with futures to protect the downside. This advanced strategy is designed to mitigate potential losses while capturing premiums.
Weekly Goals & Results
This week marks Week 56 since the fund’s inception. We’ve been actively investing in Ethereum, Solana and Ton. We aim for modest targets, investing $10 daily, but this week we’ve shifted focus toward selling call options on long perpetual Ethereum contracts.
Our premium target for the week is $100, but we’ve achieved around $60, slightly under target. Nonetheless, steady progress is key.
As of today, September 12, 2024, our fund value stands at $3,621. While this isn’t our all-time high, we’re optimistic about reaching new highs with the right market conditions.
Options Trading Update
Currently, we have a covered call on Ethereum with a $2,500 strike price, expiring tomorrow (September 13). Additionally, we’re holding a short put option with a $2,300 strike price, also expiring tomorrow. These weekly positions have generated $50-$60 in premium, and we’ve managed to lower our Ethereum breakeven price to $2,394.
Our long-term plan is to increase our Ethereum position by 0.1 ETH weekly, aiming to reach 2 ETH over the next 10 weeks.
Property Investment Update
On the real estate side, I traveled to Riga, where we’ve launched a new rental income fund. We’ve started with $550, using the rental income to generate additional yield through options trading. The goal is to match the rental income with options premiums over time, creating a dual-income stream.
This fund will be operated separately from TerraMatris, with no leverage used to keep risk low. We aim for a 4-5% monthly yield. I’ll keep you updated on how this new venture progresses in the coming months.
Market Trends
Bitcoin is currently trading around $58,000, still below the 50- and 200-day moving averages. While we’re anticipating a potential pullback to $49,000, we’re also watching for a possible rally to $62,000. For now, our focus remains on safe trades with high probabilities of success.
TerraM Token Investment
For those interested in joining our fund, TerraM tokens are available on the Solana blockchain via Raydium. There are currently 375 tokens available, with a starting price of $150 per token. For larger investments, feel free to reach out for potential OTC deals.
I’d also like to welcome our newest partner, Mr. Giorgi from Georgia, to the TerraMatris family!
Swap on Raydium (Solana supported wallet required)
That wraps up this week’s recap. It’s been an exciting week with new projects and strong growth. As always, stay tuned for more updates, and if you have any questions, drop them in the comments. Thanks for watching, and see you next week!