Week #23 Ethereum Options Trading Results (+0.0032 ETH)

On Friday, May 19, 2023, 1 ETH traded at $1,806 while the total value of our Ethereum / EUR / USDC portfolio was worth $1,712.12, which is about 17.12% from our $10,000 goal.

Week over the week we booked growth of more than $100 for the portfolio, but for the truth's sake, we deposited some additional USD 70 on Bybit for testing some trade ideas.

Last week we also booked a small +0.0032 ETH profit, which comes from the put option that expired worthless on May 19.

Our Ethereum portfolio grew by 6.77% last week of its value. In dollar terms $108.58.

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: 0.8288 (+0.0174)

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 $0.45 from expired call options there.

At the moment, there are 4 call options opened with the following strikes and expiry dates:

• 2x1825 CALL (May 20, expiry)

• 1900 CALL (May 26, expiry)

• 2000 Call (June 30, expiry)

Last week we started to explore the idea of selling covered calls on perpetual futures, something I will talk about more next week.

Additionally, we bought 0.01 ETH on Coinbase.

• In total: 63 trades since December 23, 2022

• Options premium: -0.362 ETH