Ep 18 / Steady Progress Into Year-End

· 1 min read · 30 seen

On December 21, 2023, the portfolio closed at $339.24, up $24.33, or 7.73%, from $314.91.

The TerraM token was priced at $0.86 during the week, separate from the portfolio NAV.

Compared with the earlier double-digit weekly percentage moves, this result showed how the same style of progress began to look different as the portfolio base grew. The $24.33 increase remained meaningful in dollar terms, but the surviving record does not support allocating the full weekly NAV movement between options income and underlying-price movement. The Performance journal preserves the dated result without resolving that attribution.

That restraint matters beyond this week: the later one-year review explains why premium, realised profit and NAV need separate records.

It was a quieter but still useful week: the dollar gain remained meaningful as the base grew, without requiring the strategy to chase the double-digit percentages seen earlier in the run.

Market context

From December 14 to December 21, Bitcoin rose from roughly $43,024 to $43,869, while Ethereum eased from around $2,317 to $2,240. Neither asset crossed the threshold for a major weekly market move.

The portfolio result remains a documented total rather than a full allocation between premium and underlying-price movement.

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