ethereum options
Bitcoin, Ethereum & Solana Are Bleeding. We're Still Collecting Premiums | Ep 165
It was another difficult week for cryptocurrency markets, with Bitcoin, Ethereum and Solana all coming under renewed selling pressure. Macroeconomic uncertainty, concerns over US interest rates and a wave of leveraged-position liquidations continued to weigh on investor sentiment.
Bitcoin (BTC) briefly fell below $80,000 on October 16, after trading above $84,000 earlier in the week. Ethereum (ETH) suffered even sharper losses, falling toward $2,350 during Thursday's sell-off, while Solana (SOL) also came under pressure, trading around $103 on October 15.
The market was…
Crypto Sell-Off Tests ETH & BTC Options Strategies | Ep 164
The week ending October 9, 2026, brought a sharp change in mood across cryptocurrency markets. Bitcoin fell from the mid-$80,000s toward $80,400 during Thursday's sell-off before recovering some ground. Ethereum dropped toward $2,490, while Solana also weakened, briefly slipping below the $110 area.
The pressure was not confined to crypto. Rising oil prices amid Middle East tensions, higher US Treasury yields and a stronger dollar weighed on risk assets. As prices broke lower, forced closures of leveraged positions amplified the move. CoinDesk reported roughly $1.19 billion in…
TerraM ETH Bot Update: From 1DTE Puts to a Spot-Backed Wheel Strategy
The TerraM ETH bot was built around a simple premise: sell short-dated ETH puts only at strikes we are prepared to accept as an ETH entry level. An in-the-money expiry was never meant to be treated as a strategy failure. If we are willing to sell an ETH put at a particular strike, we should also be prepared to own ETH around that level and continue managing the position.
The 1DTE put engine was already workingThe original 1DTE put-selling loop has been working in production. The bot scans Bybit ETH options for qualifying short-dated puts, applies its delta, premium, spread, and…
ETH Perpetual vs Spot for Covered Calls: What Funding Really Costs
A covered call is usually described as one of the simplest options structures: Own the underlying asset and sell a call against it.
In crypto markets, however, there is another way to create broadly similar directional exposure. Instead of holding ETH spot, a trader can hold a long ETH perpetual futures position and sell an ETH call against that exposure.
That raises an important question: If the call may remain open for months, is it better to hold ETH spot or keep the long perpetual?
At TerraMatris, this is not just a theoretical question. We have been managing an…
ETH Options Income Nears $400 as BTC Credit Spreads Begin | Ep 163
Crypto markets were relatively resilient over the past week despite a challenging macro environment. Bitcoin spent most of the week around the mid-$80,000s, Ethereum remained close to $2,700, while Solana consolidated around the $120 area after its recent recovery.
Bitcoin finished the period slightly higher, while ETH was broadly flat. SOL also moved mostly sideways after a much stronger recovery earlier in September. For our strategies, this relatively contained price action was constructive: it allowed time decay to continue working in our favor without forcing major adjustments…
One Year Later: What Our Model Got Wrong — and September 2027 Scenarios
In September 2025, we published Wishful Thinking, Statistics, and Modeling, a deliberately optimistic attempt to model where TerraMatris could be a year later. Its starting value was $10,500. The headline possibility was a portfolio of roughly $24,000 by September 2026.
A year later, I am not interested in defending that estimate. I want to compare its premises with what we actually experienced in the portfolio. The latest public Trading Journal report available at the time of writing, dated September 25, 2026, records TerraM Multi Asset at $4,699. That is down 55.25% from the $10,…
How to Connect TerraM Bot to Bybit for the Ethereum 1 DTE Strategy
We are opening access to the TerraM Bot, our automated interface for running the TerraM Ethereum 1 DTE options strategy on Bybit.
The idea is simple: you keep your funds inside your own Bybit account, connect the bot through a Bybit API key, and let TerraM handle the execution logic for the strategy.
The bot does not hold your funds and does not require you to transfer your trading capital to TerraMatris.
Access costs 10 TerraM per month.
This is an early-access product and is provided as is. It is intended for users who understand crypto options, Bybit…
Ep 160 / Bitcoin Buy-Write Returns to TerraM Multi Asset as Ethereum Options Strategy Rebuilds
Another interesting week across crypto markets.
Bitcoin fell and traded around $76,800, Ethereum declined approximately 0.5–1% over the week, while Solana underperformed slightly after its recent rally, trading near $99–100.
The broader market was driven by renewed macro pressure: rising oil prices, higher Treasury yields, inflation concerns, and increased expectations of a more restrictive Federal Reserve path. Crypto ETF flows provided some support earlier in the week, but risk appetite weakened as markets focused on inflation data and the upcoming Fed decision.
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