As of October 17, 2024, the fund has reached an all-time high of $3,862.85, reflecting 5.35% week-over-week growth (+$196). With the $4,000 milestone approaching, the fund continues to refine its strategic options trading approach while maintaining strong risk management.
Trading Strategy & Portfolio Adjustments
The fund employs a quantitative options trading strategy, primarily selling one-day-to-expiry put options on Bitcoin (BTC) and Ethereum (ETH) while reinvesting premiums into a diversified asset basket. Current holdings include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Stellar Lumens (XLM)
- Jupiter (JUP)
- USDC Stablecoin
- PAXG (digital gold)
Key Trading Activities This Week
- Traded 1.4 Ethereum contracts, targeting Delta values under -0.05
- Invested at least $15 daily into BTC, JUP, and XLM
- Held 0.6 short Ethereum contracts at a $2,500 strike price (expiring November 29, 2024)
- Managed 0.4 long call contracts, with the closest expiration on October 18, 2024
Risk Management & Market Adjustments
The fund remains focused on risk mitigation, ensuring that market fluctuations are managed effectively. Key risk strategies include:
- Executing high-probability short put trades with Delta values below -0.10
- Rolling forward positions for credit to manage downside risk
- Using futures hedging to protect against sharp market declines
Ethereum is currently trading between its 50- and 100-day moving averages, with support near $2,500. While upside movement remains possible, further declines toward $2,260 or $2,250 are also being considered.
Weekly Performance & Market Insights
- Fund value: $3,862.85 (+5.35% week-over-week, +$196)
- Ethereum outlook: Currently trading at $2,600, with potential movement toward $3,000 by year-end
- Options positions remain in the money, with rolling adjustments planned for extended expirations
Networking & Investment Opportunities
The fund remains actively engaged in blockchain investment opportunities, attending industry meetings and networking with traders, fund managers, and investors. Ongoing discussions may lead to new partnerships and DeFi collaborations.
As the fund approaches the $4,000 milestone, the focus remains on refining options trading strategies, strengthening risk management, and expanding investment opportunities. Stay tuned for more updates on market movements, trade adjustments, and TerraM token developments.
Disclaimer: This update is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry inherent risks, and past performance is not indicative of future results.