Trading Journal

Ep 62 / Portfolio Builds Through a Quiet Pre-Election Week

The portfolio closed at $3991.80, up $128.95, or 3.34%, from $3862.85.

The original premium breakdown is not preserved. The premium field uses a calculated/modelled reference of $38.63, equal to approximately 1% of starting NAV; it is not a recorded trade result or an attribution of the weekly NAV change.

From Oct 17–24, Bitcoin moved from roughly $67,402 to $68,157, while Ethereum eased from around $2,605 to $2,534. Neither asset crossed the threshold.

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

See the Performance journal for the…

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 60 / Sixty Weeks of Compounding End in a Flat Market

The portfolio closed at $3,666.79, up $5.27, or 0.14%. The useful milestone was the completion of sixty weekly observations, not the very small weekly change.

From Oct 3–10, Bitcoin moved from roughly $60,745 to $60,280, while Ethereum rose from around $2,350 to $2,384. Both assets were broadly stable.

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 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 58 / Portfolio Recovery Resumes After the Fed-Led Rally

The portfolio closed at $3,706.24, up $174.19, or 4.93%. The result restored the portfolio after the prior week’s divergence.

From Sep 20–26, Bitcoin rose from roughly $63,211 to $65,177, while Ethereum moved from around $2,562 to $2,633. Neither asset crossed the threshold.

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 portfolio NAV.

See the Performance journal for the wider…

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 56 / Options Strategy Holds Ground in a Mixed Market

The portfolio closed at $3,621.27, up $42.80, or 1.20%. The quiet mixed market made this a measured strategy week rather than a market-beta result.

From Sep 5–12, Bitcoin rose from roughly $56,157 to $58,138, while Ethereum was broadly stable around $2,368–$2,362. Neither asset crossed the threshold.

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 $1.48, separately from portfolio NAV.

See the…

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 54 / A Quiet Week Preserves the August Recovery

The portfolio closed at $3,654.39, up $20.41, or 0.56%. The week was quiet, but it preserved the recovery rather than forcing a new risk-taking story.

From Aug 22–29, Bitcoin moved from roughly $60,383 to $59,364, while Ethereum eased from around $2,623 to $2,528. Neither asset crossed the threshold.

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 $1.61, separately from portfolio NAV.

See the…

Ep 53 / Portfolio Recovery Extends in a Quiet Market

The portfolio closed at $3,633.98, up $225.68, or 6.62%. After August’s shock, the gradual recovery mattered more than the exact closing value.

From Aug 15–22, Bitcoin rose from roughly $57,544 to $60,383, while Ethereum moved from around $2,571 to $2,623. Neither asset crossed the threshold.

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 $1.61, separately from portfolio NAV.

See the Performance…

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 50 / Options Income Carries the Portfolio Past $3,400

The portfolio closed at $3,411.24, up $22.19, or 0.65%. The journal explicitly records $22.19 in options income, making the first move above $3,400 a documented income-led milestone.

From Jul 25–Aug 1, Bitcoin moved from roughly $65,777 to $65,358, while Ethereum rose from around $3,174 to $3,202. Both assets were broadly stable.

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 $1.48, separately from portfolio…

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 47 / Options Strategy Adds Capital in a Quiet Market

The portfolio closed at $2,896.27, up $51.00, or 1.79%. After two unsettled weeks, a modest gain in a quiet market was a useful return to measured progress.

From Jul 4–11, Bitcoin moved from roughly $56,978 to $57,345, while Ethereum rose from around $3,055 to $3,100. Both assets were broadly stable.

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, separately from portfolio NAV.

See the Performance…

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 45 / A Flat Week Tests the Value of Patience

The portfolio closed at $2,838.91, up $7.87, or 0.28%. The quiet week was a reminder that preserving capital and waiting for a better setup are also part of the journal.

From Jun 20–27, Bitcoin eased from roughly $64,829 to $61,605, while Ethereum moved from around $3,511 to $3,445. BTC was down 4.97%, just below the threshold on the selected methodology.

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 44 / Portfolio Rebounds After the June Pullback

The portfolio closed at $2,831.04, up $195.27, or 7.41%. The recovery after the previous week’s drawdown was the story, not the exact closing number.

From Jun 13–20, Bitcoin moved from roughly $66,756 to $64,829, while Ethereum rose from around $3,469 to $3,511. Neither asset crossed the threshold.

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 $1.11, separately from portfolio NAV.

See the Performance…

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 42 / Portfolio Builds on $2,500 in a Steady Market

The portfolio closed at $2,749.22, up $170.68, or 6.62%. The result extended the run above $2,500 without requiring a major BTC or ETH move.

From May 30–Jun 6, Bitcoin rose from roughly $68,365 to $70,757, while Ethereum moved from around $3,747 to $3,812. Neither asset crossed the threshold.

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, separately from portfolio NAV.

See the Performance journal…

Ep 41 / Portfolio Holds Above $2,500 in a Quiet Week

The portfolio closed at $2,578.54, up $45.93, or 1.81%. Holding above $2,500 was the useful milestone in an otherwise quiet market.

From May 23–30, Bitcoin moved from roughly $67,930 to $68,365, while Ethereum eased from around $3,777 to $3,747. Both assets were broadly stable.

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 $1.13, separately from portfolio NAV.

See the Performance journal for the wider…

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 39 / Portfolio Passes $2,300 in a Steady Market

The portfolio closed at $2,303.80, up $119.89, or 5.49%. Passing $2,300 was the genuine milestone in an otherwise steady market.

From May 9–16, Bitcoin rose from roughly $63,074 to $65,252, while Ethereum eased from around $3,036 to $2,945. Neither asset moved by about 5%.

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, separately from portfolio NAV.

See the Performance journal for the…

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 36 / Portfolio Rebounds Above $2,000

The portfolio closed at $2,050.41, up $175.68, or 9.37%. Regaining $2,000 after the prior drawdown was more meaningful than the quiet BTC/ETH week alone.

From Apr 18–25, Bitcoin moved from roughly $63,514 to $64,484, while Ethereum rose from around $3,066 to $3,155. Both assets were comparatively stable.

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, separately from portfolio NAV.

See the…

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.

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.

From February 22 to February 29, Bitcoin rose from roughly $51,305 to $61,198, while Ethereum moved from around $2,971 to $3,342. The broad rally coincided with strong spot-Bitcoin-ETF demand and rising…

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.

TerraM remained separate…

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 journal keeps TerraM and the portfolio separate. Options premium…

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 20 / Portfolio Starts 2024 Above $400

For the week ending January 4, 2024, the portfolio moved from $380.09 to $402.50, a gain of $22.41, or 5.90%.

Crossing $400 was a meaningful early milestone. The documented result came from the options approach, while the larger base made the dollar gain more informative than trying to recreate prior double-digit percentage weeks.

From December 28 to January 4, Bitcoin rose from roughly $42,628 to $44,180, while Ethereum eased from around $2,383 to $2,269. ETF expectations kept crypto markets active as the year opened, but neither boundary-to-boundary move reached…

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 18 / Steady Progress Into Year-End

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

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.

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…

Ep 17 / A Larger Portfolio Changes the Weekly Math

On December 14, 2023, the portfolio closed at $314.91, up $24.77, or 8.54%, from $290.14.

The available figures record the total gain but do not split it between options income and underlying holdings. With the portfolio now above $300, the relevant measure was increasingly the dollar progress and the risk around existing exposure, rather than trying to replicate the prior week’s percentage result.

From December 7 to December 14, Bitcoin eased from roughly $43,293 to $43,024, while Ethereum moved from around $2,358 to $2,317. Neither asset made a material weekly…

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 15 / Options Income Keeps the Portfolio Near $250

On November 30, 2023, the portfolio closed at $249.75, up $25.31, or 11.28%. The journal records the weekly increase as options income.

The approach remained centered on reinvesting documented premium rather than forcing a larger directional call. The result brought the portfolio close to $250 while keeping the week’s story focused on repeatable income.

From November 23 to November 30, Bitcoin remained close to $37,290–$37,713, while Ethereum was broadly stable around $2,052–$2,062. With neither asset making a material weekly move, the premium result was the…

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 important point was the premium result, not an assumption that a nearly 20% week established a permanent run rate. The next decision still had to be sized for the portfolio that existed, not the one implied by a single strong week.

From November 16 to November 23, Bitcoin moved from roughly $36,155 to $37,290, while Ethereum rose from around $1,961 to $2,062…

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 week was more interesting than the closing NAV alone: Ethereum moved sharply while the strategy continued to add premium without treating a fast market as a reason to force more risk.

From November 2 to November 9, Bitcoin rose from roughly $34,938 to $36,693, while Ethereum climbed from around $1,801 to $2,121. The move coincided with BlackRock registering an iShares Ethereum Trust and Nasdaq filing to list it; this was a market…

Ep 11 / Options Income Lifts the Portfolio to $140.64

On November 2, 2023, the portfolio closed at $140.64, up $16.62, or 13.40%. The journal records the full weekly increase as options income.

At this stage, the useful result was the documented dollar income rather than a percentage headline. The strategy added capital without requiring a large directional move in Bitcoin or Ethereum.

From October 26 to November 2, Bitcoin moved from roughly $34,157 to $34,938, while Ethereum was broadly steady around $1,804–$1,801. Neither asset made a material weekly move, so the reported options income remained the central result…

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.…

Ep 8 / Portfolio Passes $90 With Another Options Week

On October 12, 2023, the portfolio moved from $80.43 to $92.86. The reported change was 15.45%, with $12.43 in options income.

Another positive week does not make the risk disappear. Premium can look easy right before conditions change, so I am keeping the same attention on the next decision.

From October 5 to October 12, Bitcoin eased from around $27,400 to $26,760, while Ethereum declined from roughly $1,611 to $1,540. The market softened during the week, but the ETH move remained just below the threshold for a major weekly market move.

I am happy with…

Ep 7 / Options Income and Underlying Gains Lift Portfolio to $80.43

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.

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…

Ep 6 / ETH Options Income Lifts the Portfolio to $64.21

On September 28, 2023, the portfolio reached $64.21. That is a 22.33% increase from last week's $52.49, with $11.72 in options premium collected.

The weekly result came from options premium. I am trying to build the account through repeated, controlled decisions rather than one oversized bet.

From September 21 to September 28, Bitcoin rose from roughly $26,570 to $27,020, while Ethereum recovered from around $1,584 to $1,653. Both moves were constructive but remained below the threshold for a major weekly market move.

It is tempting to look at a 22% week…

Ep 5 / Options Premium Pushes the Portfolio to $52.49

On September 21, 2023, the portfolio closed the week at $52.49, up $12.12 from $40.37. The reported weekly change was 30.02%, and the increase came from options premium collected during the period.

That is a good result, but the account is still small enough that twelve dollars can make a big percentage difference. I am keeping the focus on the actual cash added to the portfolio and on whether the next setup is worth taking.

From September 14 to September 21, Bitcoin was broadly stable around $26,540–$26,570. Ethereum eased from roughly $1,627 to $1,584. The…

Ep 4 / Ethereum Options Premium Builds the Portfolio to $40.37

On September 14, 2023, the portfolio reached $40.37, up $4.48 from $35.89. That works out to 12.48%. The account is still tiny, so I am keeping the percentage in perspective. A few dollars move the number a lot at this stage.

The early work is still centered on Ethereum options premium. I am not trying to predict every move in ETH. I am looking for premium that makes sense against the risk, then keeping the proceeds in the portfolio instead of treating a good week as money already won.

From September 7 to September 14, Bitcoin rose modestly from around $26,240…

Ep 3 / A Quiet Week for Ethereum Options, Portfolio at $35.89

On September 7, 2023, the crypto portfolio moved from $33.66 to $35.89, a gain of $2.23 or 6.63%.

Ethereum was the main focus again. It was a quieter week for the portfolio, but selling options still means staying alert to the risk behind the premium. I was actively managing those positions within the risk limits I had set.

Between August 31 and September 7, Bitcoin moved from roughly $25,900 to $26,240, while Ethereum was broadly unchanged around $1,646–$1,648. That quiet backdrop matched the smaller portfolio gain for the week.

The smaller gain is fine…

Ep 2 / Ethereum Options Income Takes the Portfolio to $33.66

On August 31, 2023, the second week moved the portfolio from $5.38 to $33.66. That is an increase of $28.28, or 525.7%. The percentage looks wild because the starting balance was $5.38. The dollar amount is the more useful number.

Most of the week came from short-dated Ethereum options premium. I was actively managing the positions behind that premium, not treating it as automatic income. It was compensation for taking risk, and I wanted to keep the decisions measured.

From August 24 to August 31, Bitcoin eased from roughly $26,200 to $25,900, while Ethereum…

Ep 1 / Starting the Crypto Options Journal With $5.38

I started the crypto options journal on August 23, 2023. The first week was small, which was exactly the point: start with real capital, make the decisions visible, and see whether an options approach can build a base over time.

By August 24, 2023, the portfolio showed $5.38 in income. It is not a number to celebrate too hard, but it is a real first entry. I was more interested in keeping the first step controlled than in forcing a larger result.

At launch, Bitcoin traded around $26,200 and Ethereum around $1,660. The market was relatively subdued over the…