Major Crypto Move

Ep 90 / Rolling Up Strikes Into Bitcoin’s $103,000 Rebound

As of May 9, 2025, the portfolio value was $5,926.87, up 15.92% from the previous week.

The week's premium reference was $51.13.

From May 2 to May 9, 2025, Bitcoin rose from approximately $96,930 to $102,987, or about 6.25%, while Ethereum increased from roughly $1,843 to $2,345, a gain of approximately 27.26%.

Ethereum's Pectra mainnet upgrade activated on May 7 during the reporting period. ETH's outsized gain coincided with the upgrade and a broader risk-on crypto recovery. Pectra is relevant ETH-specific context but should not be presented as the proven…

Ep 88 / Rolling Monthly Calls Into a Market Rebound

As of April 25, 2025, the portfolio value was $5,138.48, up 15.10% from the previous week.

The week's premium reference was $44.65.

From April 18 to April 25, 2025, Bitcoin rose from approximately $84,466 to $94,709, or about 12.13%, while Ethereum increased from roughly $1,589 to $1,786, or approximately 12.43%.

The reporting period therefore marked a strong recovery across both BTC and ETH. The move coincided with a broader post-tariff-pause risk recovery and substantial U.S. spot-Bitcoin ETF inflows. These are supportive conditions rather than a verified…

Ep 86 / ETH Breaks Below $1,500 as Covered Calls Lower Break-Evens

As of April 11, 2025, the portfolio value was $4,187.39, down 19.52% from the previous week.

We now stand -44.03% below our all-time high of $7,811, recorded on March 6, 2025, a sobering reminder of the persistent volatility that continues to shape the current macroeconomic landscape. YTD crypto hedge fund has dropped to -26.28%

From April 3 to April 11, 2025, Bitcoin was broadly flat on a daily-close basis, moving from approximately $83,174 to $83,380, or about +0.25%. Ethereum moved sharply in the opposite direction, falling from roughly $1,816 to $1,566, a…

Ep 85 / The Recovery Meets Another Selloff

As of April 3, 2025, the portfolio value was $5,203.01, down 15.23% from the previous week.

The week's premium reference was $52.44.

The portfolio decreased by $935.01 during the reporting period, making this one of the largest weekly setbacks recorded by the fund.

Fund value: $5,203.01
Weekly change: -$935.01
Weekly growth: -15.23%
TerraM token price: $2.65

The week highlighted the downside volatility that can accompany an options-based strategy when the underlying portfolio moves sharply against existing positions.

After ending the…

Ep 83 / Regaining Ground After the Sharp Drawdown

As of March 20, 2025, the portfolio value was $5,904.94, up 15.31% from the previous week.

The week's premium reference was $59.04.

The portfolio increased by $783.95 during the reporting period, making this one of the strongest weekly gains in the fund’s history.

Fund value: $5,904.94
Weekly increase: $783.95
Weekly growth: 15.31%
TerraM token price: $2.51

The fund continued to follow its options-based strategy, focused on generating income while benefiting from movements in the underlying portfolio.

The latest result marked a…

Ep 82 / After the Record High Comes a 34% Reversal

As of March 13, 2025, the portfolio value was $5,120.99, down 34.47% from the previous week.

The week's premium reference was $51.20.

The portfolio lost $2,693.79 during the reporting period, making this one of the largest weekly drawdowns in the fund’s history.

Fund value: $5,120.99
Weekly change: -$2,693.79
Weekly growth: -34.47%
TerraM token price: $2.70

The week highlighted the downside risk that can accompany an options-based strategy when market moves turn sharply against existing positions.

After ending the previous week at $7,814…

Ep 80 / Broad Crypto Selloff Triggers the Largest Portfolio Drawdown Yet

The portfolio closed at $4702.98, down $1432.79, or -23.35%, from $6135.77.

No documented premium figure survives for this week. The premium field uses a calculated/modelled reference of $61.36, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Feb 20–27, Bitcoin fell from roughly $98,347 to $84,625, while Ethereum declined from around $2,739 to $2,305. Both assets crossed the threshold in a severe joint sell-off.

See the Performance journal for the wider series.

Ep 77 / Crypto Drawdown Tests the Portfolio Below $6,000

The portfolio closed at $5826.35, down $260.48, or -4.28%, from $6086.83.

No documented premium figure survives for this week. The premium field uses a calculated/modelled reference of $60.87, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Jan 30–Feb 6, Bitcoin fell from roughly $104,743 to $96,565, while Ethereum declined from around $3,247 to $2,687. Both assets crossed the threshold during a broad drawdown.

See the Performance journal for the wider series.

Ep 74 / Bitcoin Recovery Lifts the Portfolio Toward $6,000

The portfolio closed at $5969.97, up $176.81, or 3.05%, from $5793.16.

No documented premium figure survives for this week. The premium field uses a calculated/modelled reference of $57.93, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Jan 9–16, Bitcoin rose from roughly $92,547 to $99,982, while Ethereum moved from around $3,219 to $3,308. BTC’s recovery crossed the threshold.

See the Performance journal for the wider series.

Ep 73 / Ethereum Pullback Tests a Nearly Flat Portfolio

The portfolio closed at $5793.16, up $9.85, or 0.17%, from $5783.31.

No documented premium figure survives for this week. The premium field uses a calculated/modelled reference of $57.83, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Jan 2–9, Bitcoin eased from roughly $96,903 to $92,547, while Ethereum fell from around $3,452 to $3,219. ETH’s decline crossed the threshold.

See the Performance journal for the wider series.

Ep 70 / Fed Outlook Triggers an Ethereum Pullback

The portfolio closed at $5998.84, down $109.65, or -1.80%, from $6108.49.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $61.08, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Dec 12–19, Bitcoin eased from roughly $100,030 to $97,372, while Ethereum fell from around $3,883 to $3,414. The December 18 Fed decision projected fewer 2025 cuts, jolting broader risk markets.

TerraM was recorded at $2.16, separately from…

Ep 68 / Bitcoin Tests $100,000 as Ethereum Keeps Advancing

The portfolio closed at $5727.43, up $292.38, or 5.38%, from $5435.05.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $54.35, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Nov 28–Dec 5, Bitcoin moved from roughly $95,666 to $97,044, while Ethereum rose from around $3,579 to $3,789. The post-election crypto backdrop remained constructive; the BTC intraday break above $100,000 is not treated as a qualifying weekly close-to-close…

Ep 67 / Ethereum Catch-Up Extends the Post-Election Rally

The portfolio closed at $5435.05, up $250.55, or 4.83%, from $5184.50.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $51.85, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Nov 21–28, Bitcoin eased from roughly $98,439 to $95,666, while Ethereum rose from around $3,360 to $3,579. ETH’s move coincided with spot-ETH-ETF inflows and an ETH-specific rotation.

TerraM was recorded at $1.80, separately from portfolio NAV.

…

Ep 66 / Post-Election Rally Carries the Portfolio Through $5,000

The portfolio closed at $5184.50, up $495.91, or 10.58%, from $4688.59.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $46.89, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Nov 14–21, Bitcoin rose from roughly $87,340 to $98,439, while Ethereum advanced from around $3,059 to $3,360. Continued post-election regulatory optimism and expectations around the incoming administration coincided with the broad rally.

TerraM was…

Ep 65 / Bitcoin Nears $100,000 as the Portfolio Surges

The portfolio closed at $4688.59, up $350.59, or 8.08%, from $4338.00.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $43.38, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Nov 7–14, Bitcoin rose from roughly $75,920 to $87,340, while Ethereum advanced from around $2,898 to $3,059. Continued post-election regulatory optimism coincided with broad crypto risk-on sentiment.

TerraM was recorded at $1.58, separately from…

Ep 64 / Post-Election Crypto Rally Pushes Bitcoin Toward $76,000

The portfolio closed at $4338.00, up $258.82, or 6.34%, from $4079.18.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $40.79, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Oct 31–Nov 7, Bitcoin rose from roughly $70,198 to $75,920, while Ethereum climbed from around $2,515 to $2,898. The U.S. election and expectations of a more crypto-friendly policy direction were the dominant contemporaneous backdrop.

TerraM was…

Ep 61 / Bitcoin Breaks Higher as the Portfolio Regains Momentum

The portfolio closed at $3862.85, up $196.06, or 5.35%, from $3666.79.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $36.67, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Oct 10–17, Bitcoin rose from roughly $60,280 to $67,402, while Ethereum climbed from around $2,384 to $2,605. Both assets gained materially during the reporting period.

TerraM was recorded at $1.47, separately from portfolio NAV.

See the…

Ep 59 / Middle East Risk Pulls Crypto Lower

The portfolio closed at $3,661.52, down $44.72, or 1.21%. The smaller drawdown relative to BTC and ETH was the relevant resilience point.

From Sep 26–Oct 3, Bitcoin fell from roughly $65,177 to $60,745, while Ethereum declined from around $2,633 to $2,350. The selloff followed heightened Israel–Iran tension and weaker risk appetite.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.47, separately from…

Ep 57 / Fed Cut Rally Leaves the Portfolio Behind

The portfolio closed at $3,532.05, down $89.22, or 2.46%. The contrast with a strong crypto rally is the important journal question; the record does not provide enough detail to allocate the divergence to individual positions.

From Sep 12–20, Bitcoin rose from roughly $58,138 to $63,211, while Ethereum climbed from around $2,362 to $2,562. The September 18 50-basis-point Fed cut and improved risk appetite coincided with the rally. The Friday reporting date creates an eight-day interval.

The available journal figures do not provide a complete split between options…

Ep 55 / September Risk-Off Tests the Portfolio

The portfolio closed at $3,578.47, down $75.92, or 2.08%. The smaller portfolio decline relative to the underlying market was the relevant observation.

From Aug 29–Sep 5, Bitcoin fell from roughly $59,364 to $56,157, while Ethereum declined from around $2,528 to $2,368. Weak employment data and rate-path uncertainty were part of the early-September risk-off backdrop.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded…

Ep 52 / Portfolio Recovers Through August Volatility

The portfolio closed at $3,408.30, up $212.66, or 6.65%. The recovery was notable because it came while Bitcoin continued lower.

From Aug 8–15, Bitcoin fell from roughly $61,706 to $57,544, while Ethereum moved from around $2,684 to $2,571. Markets were still digesting the earlier liquidation event.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated above.

TerraM was recorded around $1.37, separately from portfolio NAV.

See the Performance…

Ep 51 / Options Premium Cushions an August Crypto Selloff

The portfolio closed at $3,195.64, down $212.66, or 6.32%. The journal records $43.77 in options premium, which cushioned but did not eliminate the market-driven drawdown.

From Aug 1–8, Bitcoin fell from roughly $65,288 to $61,706, while Ethereum declined from around $3,201 to $2,684. The interval included the August 5 global risk-off shock, yen strength, carry-trade unwinding and recession concerns.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a documented premium figure is stated…

Ep 49 / Ethereum ETF Launch Volatility Meets a Strong Week

The portfolio closed at $3,389.05, up $264.96, or 8.48%. The result stood out because it came while Ethereum absorbed early spot-ETF-launch volatility.

From Jul 18–25, Bitcoin rose from roughly $63,974 to $65,777, while Ethereum fell from around $3,426 to $3,174. After spot-ETH ETFs began trading on July 23, substantial ETHE outflows were a credible contemporaneous pressure point.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a specific premium figure is stated above.

TerraM…

Ep 48 / Portfolio Passes $3,000 During a Crypto Recovery

The portfolio closed at $3,124.09, up $227.82, or 7.87%. Passing $3,000 during the broader recovery made this a genuine milestone week.

From Jul 11–18, Bitcoin rose from roughly $57,345 to $63,974, while Ethereum climbed from around $3,100 to $3,426. The sharp recovery coincided with higher perceived odds of a Trump victory after July 13.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a specific premium figure is stated above.

TerraM was recorded around $1.33, separately from…

Ep 46 / Portfolio Holds Firm Through a July Crypto Selloff

The portfolio closed at $2,845.27, up $6.36, or 0.22%. Holding broadly flat through a market-wide selloff was the meaningful resilience observation.

From Jun 27–Jul 4, Bitcoin fell from roughly $61,605 to $56,978, while Ethereum declined from around $3,445 to $3,055. The selloff coincided with Mt. Gox supply concerns and election-related risk reduction.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a specific premium figure is stated above.

TerraM was recorded around $1.23,…

Ep 43 / Fed Outlook Pulls Crypto Lower

The portfolio closed at $2,635.77, down $113.45, or 4.13%. The pullback showed again that options income and underlying exposure must be treated as separate sources of weekly change.

From Jun 6–13, Bitcoin fell from roughly $70,757 to $66,756, while Ethereum declined from around $3,812 to $3,469. The final leg followed the Fed’s June 12 projection of only one 2024 rate cut, reversing the post-CPI crypto rally.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, unless a specific premium figure is…

Ep 40 / Ethereum ETF Breakthrough Lifts a Strong Week

The portfolio closed at $2,532.61, up $228.81, or 9.93%. Ethereum’s ETF breakthrough, not the exact NAV, made the week memorable.

From May 16–23, Bitcoin rose from roughly $65,252 to $67,940, while Ethereum climbed from around $2,945 to $3,781. ETH’s exceptional move coincided with rising spot-ether-ETF expectations and the SEC’s May 23 exchange-rule approval.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

TerraM was recorded…

Ep 38 / Bitcoin Recovery Restores the Portfolio’s Momentum

The portfolio closed at $2,183.91, up $154.73, or 7.63%. The recovery restored momentum after the prior week’s market stress.

From May 2–9, Bitcoin rose from roughly $59,072 to $63,074, while Ethereum moved from around $2,986 to $3,036. Bitcoin recovered part of the preceding macro- and ETF-flow-driven selloff; no single catalyst is assigned.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

TerraM was recorded around $1.23,…

Ep 37 / Portfolio Holds Near $2,000 During a Crypto Selloff

The portfolio closed at $2,029.18, down only $21.23, or 1.04%. Holding near $2,000 while BTC and ETH sold off materially was the relevant resilience test.

From Apr 25–May 2, Bitcoin fell from roughly $64,484 to $59,072, while Ethereum declined from around $3,155 to $2,986. The selloff coincided with profit-taking, a tougher Fed-rate outlook, and heavy spot-Bitcoin-ETF outflows.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

…

Ep 35 / Market Stress Erases a Week of Gains

The portfolio closed at $1,874.73, down $205.23, or 9.87%. The drawdown was the story: options income can support a portfolio, but it does not remove exposure to a rapid underlying-market repricing.

From Apr 11–18, Bitcoin fell from roughly $70,021 to $63,514, while Ethereum declined from around $3,503 to $3,066. The broad selloff overlapped with Iran’s April 13 direct attack on Israel and associated risk-off conditions.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is…

Ep 34 / Portfolio Passes $2,000 as Ethereum Rebounds

The portfolio closed at $2,079.96, up $84.29, or 4.22%. Passing $2,000 was a meaningful milestone, while Ethereum’s recovery provided the week’s market backdrop.

From Apr 4–11, Bitcoin moved from roughly $68,525 to $70,021, while Ethereum rose from around $3,329 to $3,503. ETH gained just over 5% alongside a surge in short-liquidation activity.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

TerraM was recorded around $0.86,…

Ep 33 / Ethereum ETF Uncertainty Tests a Strong Week

The portfolio closed at $1,995.67, up $187.31, or 10.36%. The result came during an ETH pullback, so the documented total should not be simplified into an underlying-market gain.

From Mar 28–Apr 4, Bitcoin eased from roughly $70,801 to $68,525, while Ethereum fell from around $3,561 to $3,329. Ether’s decline coincided with uncertainty around U.S. spot-ether-ETF applications.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

TerraM…

Ep 32 / Bitcoin ETF Inflows Fuel a Quick Recovery

The portfolio closed at $1,808.36, up $85.82, or 4.98%. The more interesting development was the market’s quick recovery after the prior week’s ETF-flow-driven pullback.

From Mar 21–28, Bitcoin rose from roughly $65,485 to $70,801, while Ethereum moved from around $3,492 to $3,561. Bitcoin’s rebound coincided with renewed net inflows to U.S. spot-Bitcoin ETFs.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

TerraM was recorded…

Ep 31 / ETF Outflows Test the Portfolio After Bitcoin’s Record Run

The portfolio closed at $1,722.54, up $83.47, or 5.09%. The key test was whether the strategy could keep progressing after the market’s first major pullback from record levels.

From Mar 14–21, Bitcoin fell from roughly $71,365 to $65,485, while Ethereum declined from around $3,880 to $3,492. The post-record pullback coincided with spot-Bitcoin-ETF outflows and heavy GBTC redemptions.

The available journal figures do not provide a complete split between options income and changes in underlying holdings, so the weekly result is retained as the documented total.

Ep 30 / Bitcoin Sets New Highs as Options Income Builds

On March 14, 2024, the portfolio closed at $1,639.07, up $232.12, or 16.50%. The journal records approximately $55.33 in options income.

Bitcoin’s move to new highs made the week notable. The recorded premium supported the result, while the larger portfolio change also reflected underlying holdings and should not be described as options income alone.

From March 7 to March 14, Bitcoin rose from roughly $66,925 to $71,397, while Ethereum was broadly steady around $3,874–$3,883. Bitcoin reached new highs as demand for U.S. spot-Bitcoin ETFs remained strong and…

Ep 29 / Ethereum Rally Extends the Portfolio Run

On March 7, 2024, the portfolio closed at $1,406.95, up $191.71, or 15.78%. The journal records $41.77 in options income.

Ethereum’s market strength was the week’s defining development. The premium figure is documented, but it does not explain the full NAV increase on its own.

From February 29 to March 7, Bitcoin climbed from roughly $61,198 to $66,925, while Ethereum rose from around $3,342 to $3,874. The advance came alongside sustained ETF inflows, Dencun-upgrade anticipation, and broad crypto risk appetite.

TerraM remained separately tracked around $0.86…

Ep 28 / Bitcoin Breaks $60,000 as the Portfolio Passes $1,200

On February 29, 2024, the portfolio moved from $1,005.55 to $1,215.24, up $209.69, or 20.85%. The journal records $59.59 in options income.

The TerraM token was priced at $0.86 during the week, separate from the $1,215.24 portfolio NAV.

Bitcoin’s break above $60,000 and the first close above $1,200 made this more than a routine growth week. The documented premium was one component; the full NAV increase also reflects the much stronger underlying market.

The $59.59 premium was a documented component of the week, while the larger NAV increase occurred alongside a pronounced…

Ep 27 / Portfolio Passes $1,000 After a 7.07% Week

On February 22, 2024, the portfolio closed at $1,005.55, up $66.40, or 7.07%. The journal records $66.40 in options income.

Crossing $1,000 was a meaningful milestone after the earlier small-account phase. The milestone is more useful than comparing the week mechanically with the larger preceding percentage gain.

From February 15 to February 22, Bitcoin was broadly steady around $51,939–$51,305, while Ethereum rose from around $2,824 to $2,971. ETH gained just over 5% as the market remained constructive after the preceding Bitcoin rally.

TerraM remained…

Ep 26 / Bitcoin ETF Inflows Drive a Crypto Rally

On February 15, 2024, the portfolio closed at $939.15, up $152.53, or 19.39%, from $786.62. The journal records $52.53 in options income.

The distinction mattered: options income was documented, while the balance of the weekly increase reflected a much stronger crypto market and cannot be called premium income.

From February 8 to February 15, Bitcoin rose from roughly $45,302 to $51,939, while Ethereum advanced from around $2,420 to $2,824. The rally came alongside accelerating spot-Bitcoin-ETF inflows and broader risk-on demand.

The TerraM token was priced…

Ep 25 / ETF Demand Lifts Bitcoin and Ethereum

On February 8, 2024, the portfolio closed at $786.62, up $74.17, or 10.41%, from $712.45.

The week’s defining story was broad BTC and ETH strength rather than a new trade detail. The portfolio advanced alongside that environment, but the record does not provide a complete attribution between options income and underlying holdings.

From February 1 to February 8, Bitcoin rose from roughly $43,076 to $45,302, while Ethereum moved from around $2,304 to $2,420. Both assets gained a little over 5%, alongside improving spot-Bitcoin-ETF demand.

TerraM remained…

Ep 24 / Portfolio Passes $700 After a Bitcoin Recovery

On February 1, 2024, the portfolio closed at $712.45, up $190.20, or 36.42%, from $522.25.

Passing $700 was a material milestone after the previous week’s more cautious market. The record documents the weekly total but does not support attributing all of it to premium income.

From January 25 to February 1, Bitcoin recovered from roughly $39,934 to $43,076, while Ethereum rose from around $2,218 to $2,304. The BTC rebound came as the post-launch ETF selloff eased and markets reassessed demand for the new products.

TerraM remained around $0.86, outside the…

Ep 23 / Ethereum Selloff Slows the Portfolio at $522.25

On January 25, 2024, the portfolio closed at $522.25, up $19.14, or 3.80%.

Ethereum’s selloff made this a more cautious week than the preceding run above $500. The smaller positive result mattered more as evidence of restraint than as a new headline percentage.

From January 18 to January 25, Bitcoin eased from roughly $41,262 to $39,934, while Ethereum fell from around $2,467 to $2,218. ETH’s decline was part of the continuing post-ETF selloff; the journal figures do not provide a complete premium-versus-underlying breakdown.

TerraM remained around $0.86,…

Ep 22 / Portfolio Passes $500 During a Bitcoin Pullback

For the week ending January 18, 2024, the portfolio closed at $503.11, up $33.52, or 7.14%.

Passing $500 was a genuine journal milestone, especially because it happened during a sharp Bitcoin pullback rather than a uniformly helpful market.

From January 11 to January 18, Bitcoin fell from roughly $46,369 to $41,262, while Ethereum declined from around $2,620 to $2,467. The pullback followed the launch of U.S. spot-Bitcoin ETFs as markets digested early flows and post-approval profit-taking.

The TerraM token was priced at $0.86 during the week, separate from…

Ep 21 / Ethereum Leads a Strong Start to ETF Approval Week

On January 11, 2024, the portfolio closed at $469.59, up $67.09, or 16.67%, from $402.50.

The notable market story was Ethereum’s strength as the U.S. spot-Bitcoin-ETF approval arrived. The journal records the portfolio result as a total and does not provide a complete split between options income and underlying movement.

From January 4 to January 11, Bitcoin rose from roughly $44,180 to $46,369, while Ethereum climbed from around $2,269 to $2,620. ETH’s advance coincided with the final approach to U.S. spot-Bitcoin-ETF approval.

TerraM remained around $0.86…

Ep 19 / Ethereum Catch-Up Extends the Portfolio Run

On December 28, 2023, the portfolio closed at $380.09, up $40.85, or 12.04%, from $339.24.

The portfolio was approaching $400, but the more interesting backdrop was Ethereum’s late-December strength while the strategy continued to compound through documented Ethereum-options activity and reinvested profits.

From December 21 to December 28, Bitcoin moved from roughly $43,869 to $42,628, while Ethereum rose from around $2,236 to $2,383. ETH’s catch-up move coincided with positioning ahead of expected January catalysts, including Dencun-upgrade progress and the…

Ep 16 / Crypto Rally Separates Premium From Underlying Gains

On December 7, 2023, the portfolio closed at $290.14, up $40.39, or 16.17%, from $249.75. About $13.39 of the increase came from options income; the remainder came from changes in the underlying crypto holdings.

That split was the week’s important lesson. Premium and directional exposure can both help in a rally, but they are not the same source of return and they create different risks for the next options decision.

From November 30 to December 7, Bitcoin rose from roughly $37,713 to $43,293, while Ethereum moved from around $2,053 to $2,358. The rally coincided…

Ep 14 / Record Options Premium Drives the Strongest Income Week Yet

On November 23, 2023, the portfolio closed at $224.44, up $36.61, or 19.49%, from $187.83. The journal records the full increase as options income, making this the strongest documented income week so far.

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

A 19.49% weekly increase was substantial relative to the portfolio’s then-small capital base, but it did not establish a durable return rate or remove the need for disciplined position sizing. The result should remain a dated journal observation rather than a forecast of future income.

Ep 13 / Options Income Holds Up as Ethereum Pulls Back

On November 16, 2023, the portfolio closed at $187.83, up $24.61, or 15.08%. The journal records the weekly increase as options income.

Ethereum gave back part of the prior week’s ETF-driven advance, making this a useful test of whether the strategy could continue compounding during a less forgiving market.

From November 9 to November 16, Bitcoin eased from roughly $36,693 to $36,155, while Ethereum declined from around $2,121 to $1,961. The ETH pullback followed the prior rally and coincided with the ongoing spot-ether-ETF filing process; it is best treated as a…

Ep 12 / Ethereum ETF Optimism Lifts the Income Week

On November 9, 2023, the portfolio closed at $163.22, up $22.58, or 16.06%. The recorded weekly increase came from options income.

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

The $22.58 increase followed a smaller prior portfolio base, so the 16.06% weekly figure should be read alongside the dollar result rather than as a repeatable percentage target. The documented options-income result remained distinct from the concurrent ETH move: the market backdrop helped explain the week’s conditions, but the journal records the weekly increase…

Ep 10 / Crypto Options Portfolio Reaches $124.02

On October 26, 2023, the portfolio finished the week at $124.02, up $21.34 from $102.68. The reported weekly change was 20.78%, and the journal records the $21.34 as options gains.

It was another fast week for the portfolio. I am not trying to explain the whole result with one headline. Fast moves can help one position and pressure another, which is why the work stays the same: keep the risk in view and do not get careless after a good result.

From October 19 to October 26, Bitcoin climbed from roughly $28,720 to $34,160, while Ethereum rose from about $1,567…

Ep 9 / Options Income Takes the Portfolio Above $100

On October 19, 2023, the portfolio crossed $100 for the first time, reaching $102.68. It was up $9.82 from $92.86, a reported change of 10.58%. The $9.82 was recorded as options income.

Passing $100 is a small milestone, but I am not treating it as a finish line. The portfolio started with $5.38, so the change is visible. It does not change the risk in the options positions or make a double-digit week normal.

From October 12 to October 19, Bitcoin rose from roughly $26,760 to $28,720, a gain of about 7%, while Ethereum moved from around $1,540 to $1,567.…