Research, guides and methodology notes on crypto options, portfolio construction, risk, execution and strategy measurement.
Benchmark an options-income strategy against a matched spot position and report NAV, premium, realized P/L, unrealized P/L, drawdown, cash/collateral and open exposure separately. A single premium or annualized-yield…
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Position sizing for crypto options starts with the maximum portfolio loss or assignment exposure that can be accepted, then works backward to contract size. It should not start with the premium available or with the…
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A Bitcoin covered call exchanges some future BTC upside for a premium received today. It can be a deliberate overlay when an investor is genuinely willing to sell Bitcoin at the strike, but it is not equivalent to…
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Collateral is the asset set aside to support an options obligation; margin is the venue’s risk requirement for keeping that position open. A strategy can receive premium and still be unsafe if collateral, settlement…
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An options-income strategy can lag spot when its short calls cap upside, its hedge costs rise, or its position is structured for a range-bound market while the underlying makes a large directional move. Premium…
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Educational research only. Not investment, legal, tax, or trading…
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An option seller may receive premium when a position opens…
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Educational research only. Not investment advice, a…
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On April 23, 2026, a smaller XRP-denominated account managed separately from the main Terramatris strategies initiated a structured crypto options income strategy on Bybit.
The account holder approved the…
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After two weeks of live testing and iteration, we made another meaningful upgrade to our algo trading bot.
For the past 14 days, the Terramatris ETH options engine has been running continuously in…
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While working with the TerraM trading bot, I conducted a backtest to quantify the frequency of significant daily drawdowns over the past 365 days (May 4, 2025 – May 3, 2026). Specifically, I analyzed how often the…
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Join us for an informal, high-quality crypto meetup right on Palolem Beach, South Goa. This gathering brings together traders, builders, researchers, and open-minded enthusiasts for a focused discussion on real…
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