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Week #22 Ethereum Options Trading Results (+0.0024 ETH)
On Friday, May 12, 2023, 1 ETH traded at $1,773 while the total value of our Ethereum / EUR portfolio was worth $1,604.23, which is about 16.04% from our $10,000 goal.
Last week we also booked a small +0.0022 ETH profit, which comes from the put option that expired worthless on May 12.
Our Ethereum portfolio lost -4.76% last week of its value. In dollar terms -$80.17.
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: 0.8114 (+0.0532)
Most of the funds are invested in ETH itself, we have a small portfolio in EUR and USDC. Last week we moved a few USDC to bybit trading platform just to give a try to USDC/ETH options and already booked some humble profit of $0.3 from expired call options there.
At the moment, there are 1 put and 1 call options opened with the following strikes and expiry dates:
1550 Put (May 19, expiry)
2000 Call (June 30, expiry)
To keep the max profit, ETH should stay above $1,550 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: 61 trades since December 23, 2022
Options premium: -0.377 ETH