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Episode 1 / Our First Profitable Trade – $5.38 from Ethereum Credit Spreads
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On August 24, 2023, just two days after launching our fund from scratch, we earned our very first profit — a modest yet meaningful $5.38 from selling credit spreads on Ethereum.
While the amount might seem small to outsiders, for us it represents something far greater: validation. It confirms that the engine works, that the strategy can generate income, and that even from day one, we're on the path toward a scalable, rules-based options strategy.
We sold a credit spread on Ethereum, expecting price stability within a specific range. The trade expired worthless for the buyer, allowing us to pocket the premium. The $5.38 in net profit reflects precise risk management with defined outcomes.
We started with a vision: to build a crypto-native fund that blends traditional…