Good morning, fellow investors! It's February 22, 2024, and I'm Reinis Fischer, the CEO and Founder of Terramatris Crypto Hedge Fund.
Today, I'm excited to bring you the latest insights into our hedge fund activities over the past week, straight from the heart of Axis Tower in Tbilisi, Georgia.
Firstly, let me provide a quick overview for those who might be new to Terramatris. We are a private crypto investment hedge fund managed by yours truly, Reinis Fischer. Our fund operates independently and is not publicly registered in any jurisdiction. Despite not being incorporated in traditional financial hubs, we offer opportunities for investment, primarily operating from bustling Tbilisi, Georgia.
Before we dive into the details, a gentle reminder: all investments carry risks. Whether it's stocks, funds, bonds, or cryptos, it's crucial to conduct thorough due diligence before committing your hard-earned money. Now, let's explore our trading strategy at Terramatris.
In week 27, our focus remained on trading one-day-to-expiry put options on Bitcoin and Ethereum, with occasional forays into selling call options on long Ethereum futures. While this may sound complex, at its core, it's about leveraging derivatives to maximize returns and manage risk effectively.
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One exciting development on the horizon is the return of Solana options trading, expected to kick off in March. This resurgence presents fresh opportunities for our trading strategies, building on our previous experiences with Solana options before the FTX crash in 2022.
At Terramatris, we prioritize risk management. Our approach involves seeking high-probability options trades with a Delta of -0.10 or smaller. In cases of adverse market movements, we may adjust our trades by rolling forward contracts or hedging with futures to safeguard our portfolio.
Moreover, we adopt a disciplined approach to weekly goals, aiming for a minimum of $10 daily from options premiums, which we reinvest back into selected cryptocurrencies like USDC, Solana, and Jupiter coin.
This week's performance has been stellar, with our portfolio reaching a new all-time high of $1,005.55, marking a week-over-week growth of over 7%.
As we reflect on our journey, it's worth noting that Terramatris embarked on this venture exactly six months ago, in August 2023. With optimism in the air, I anticipate reaching the $2,000 milestone in the next three to four months, buoyed by our steady progress and strategic investments.
Looking ahead, we anticipate market consolidation but remain vigilant for potential pullbacks, aiming to capitalize on favorable entry points.
Our commitment to transparency extends to our investors, with opportunities to participate in the Terramatris hedge fund through Radium's liquidity pool, offering potential rewards as our fund grows.
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Before I sign off, I'm thrilled to share that I've recently published my first ebook, "The Guide on Put Selling in Crypto Markets," available on Kindle. If you're keen to explore options trading in the crypto sphere, I invite you to check it out.
Thank you for joining me on this journey through the world of hedge fund trading. Stay tuned for more updates, and until next time, happy investing!