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Week #19 Ethereum Options Trading Results (+ 0.0032 ETH)
On Friday, April 21, 2023, 1 ETH traded at $1,920 while the total value of our Ethereum / EUR portfolio was worth $1,610.42, which is about 16.1% of my $10,000 goal.
The past week was tough, after ETH climbed above $2,100 I rolled up and forward the $1,850 call option to the June 30 expiry and the strike price of $2,000.
Luckily at the end of the week, ETH dipped under $2,000 taking away pressure from the position, at least for now.
Additionally, the portfolio lost 0.53% last week of its value. In dollar terms, the loss equals -$8.40.
One of our short-term goals is to grow the portfolio back to its all-time high of $1,802, which was recorded at the start of January 2023.
Total ETH available: 0.718 (+0.069)
At the moment, there are 1 put and 1 call options opened with the following strikes and expiry dates:
1700 Put (April 28, expiry)
2000 Call (June 30, expiry)
To keep the max profit, ETH should stay above $1,700 and below $2,000
From the expired options trades, we booked +0.0032 ETH profit this week
In case of a challenged trade we will try to adjust the trade by rolling up or down the challenged side)
Additionally, we bought 0.01 ETH on Coinbase.
In total: 58 trades since December 23, 2022
Options premium: -0.3851 ETH