Liquidity
Discovering Derive: Our First Steps into True DEX Options Trading
At Terramatris, we’ve always been fascinated by the evolution of crypto markets and the growing range of opportunities they create for traders and investors. For years, our main focus has been on more traditional centralized exchanges (CEX) such as Bybit and Deribit. These platforms have provided liquidity, stability, and advanced trading features—making them indispensable for our operations.
But one thing has always been missing: a true decentralized exchange (DEX) for options trading.
Recently, while researching potential institutional partners for our US operations (Kraken…
Ep 8: Portfolio Passes $90 With Another Options Week
On October 12, 2023, the portfolio moved from $80.43 to $92.86. The reported change was 15.45%, with $12.43 in options income.
Another positive week does not make the risk disappear. Premium can look easy right before conditions change, so I am keeping the same attention on the next decision.
I am happy with the move above $90, but the important part is that the portfolio kept growing without changing the basic approach. The account is still small, so the percentage is less interesting to me than the $12.43 added and the fact that the next decision still has to stand on its…
Ep 7: TerraMatris Portfolio Reaches $80.43
On October 5, 2023, the portfolio reached $80.43, a reported gain of 25.26%. Options income came to $16.22.
The result reflects both continued options income and better movement in the underlying positions. That is encouraging, but it is not a reason to forget how thin the market still feels. When liquidity is light, a position can become harder to adjust exactly when a trade stops behaving.
I am pleased to see the account move past $80, especially after starting with $5.38 in Ep 1. The job has not changed: keep selling options with discipline, manage the positions actively,…
Ep 4: Ethereum Options Premium Builds the Portfolio to $40.37
On September 14, 2023, the portfolio reached $40.37, up $4.48 from $35.89. That works out to 12.48%. The account is still tiny, so I am keeping the percentage in perspective. A few dollars move the number a lot at this stage.
The early work is still centered on Ethereum options premium. I am not trying to predict every move in ETH. I am looking for premium that makes sense against the risk, then keeping the proceeds in the portfolio instead of treating a good week as money already won.
The goal is to keep making reasonable decisions, not to manufacture a smooth return line.…
Ep 1: Starting the TerraMatris Trading Journal With $5.38
I started the TerraMatris trading journal on August 23, 2023. The first week was small, which was exactly the point: start with real capital, make the decisions visible, and see whether an options approach can build a base over time.
By August 24, 2023, the portfolio showed $5.38 in income. It is not a number to celebrate too hard, but it is a real first entry. I was more interested in keeping the first step controlled than in forcing a larger result.
Where TerraM stoodThe TerraM token was quoted around $0.86. Liquidity was very limited, so I treated that as a reference…