On October 5, 2023, the portfolio reached $80.43, a reported gain of 25.26%. Options income came to $16.22.
The result reflects both continued options income and better movement in the underlying positions. That is encouraging, but it is not a reason to forget how thin the market still feels. When liquidity is light, a position can become harder to adjust exactly when a trade stops behaving.
Market context
From September 28 to October 5, Bitcoin moved from roughly $27,020 to $27,400, while Ethereum eased from around $1,653 to $1,611. The market was mixed rather than directional, so the recorded portfolio result still reflects the options income and underlying-position movement described above.
I am pleased to see the account move past $80, especially after starting with $5.38 in Ep 1. The job has not changed: keep selling options with discipline, manage the positions actively, and keep the premium inside the portfolio.
How to read the result
This week had more than one contributor. The $16.22 recorded as options income and the movement in the underlying positions should remain analytically separate; a positive portfolio change should not be attributed entirely to premium. That distinction matters when reading any historical options result, especially in a mixed market week.
The existing liquidity caution is also part of the record. When markets are thin, adjusting or rolling a position may be harder just when prices move and decisions matter most. A positive historical outcome does not remove execution or liquidity risk. For broader derivatives-market context, see Options & Futures research.
TerraM
TerraM remained at $0.86. The token price did not move with the portfolio, which is expected in a thin market. I track the TerraM token separately from the trading results.
Next week I want to protect the progress already made. A strong week is useful only if it does not lead to careless risk the week after.