Discover more from Covered Calls with Reinis Fischer
Week #21 Ethereum Options Trading Results (+0.0027 ETH)
Greetings from Kavtiskhevi Resort in Georgia.
We come here for a short one-day trip, to enjoy the heated outdoor pool and stay at a frame house. Found a lot of inspiration for our Frame house project.
Really awesome stay!
Now, back to the topic:
On Friday, May 5, 2023, 1 ETH traded at $1,968 while the total value of our Ethereum / EUR portfolio was worth $1,684.40, which is about 16.84% of my $10,000 goal.
Last week we also booked a small +0.0027 ETH profit, which comes from the put option that expired worthless on May 5.
Our Ethereum portfolio gained 3.07% last week of its value. In dollar terms +$50.10. Already the second week in a row with positive growth.
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: 0.7582 (+0.0063)
At the moment, there are 1 put and 1 call options opened with the following strikes and expiry dates:
1750 Put (May 12, expiry)
2000 Call (June 30, expiry)
To keep the max profit, ETH should stay above $1,750 and below $2,000
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: 60 trades since December 23, 2022
Options premium: -0.3802 ETH