Premium vs Profit

Ep 10: Crypto Options Portfolio Reaches $124.02

On October 26, 2023, the portfolio finished the week at $124.02, up $21.34 from $102.68. The reported weekly change was 20.78%, and the journal records the $21.34 as options gains.

It was another fast week for the portfolio. I am not trying to explain the whole result with one headline. Fast moves can help one position and pressure another, which is why the work stays the same: keep the risk in view and do not get careless after a good result.

Getting above $120 only a week after crossing $100 feels good. The account is still small, and that is exactly why I need to stay…

Ep 9: TerraMatris Passes $100 With Options Income

On October 19, 2023, the portfolio crossed $100 for the first time, reaching $102.68. It was up $9.82 from $92.86, a reported change of 10.58%. The $9.82 was recorded as options income.

Passing $100 is a small milestone, but I am not treating it as a finish line. The portfolio started with $5.38, so the change is visible. It does not change the risk in the options positions or make a double-digit week normal.

I was focused on the work in front of me: manage the options positions, take premium where the trade makes sense, and do not let a good number turn into a reason to…

Ep 6: Another Week of ETH Options Income, Portfolio at $64.21

On September 28, 2023, the portfolio reached $64.21. That is a 22.33% increase from last week's $52.49, with $11.72 in options premium collected.

The weekly result came from options premium. I am trying to build the account through repeated, controlled decisions rather than one oversized bet.

It is tempting to look at a 22% week and call it proof that the process works. At this account size, that would be the wrong lesson. The useful part is that the balance grew and I stayed with the plan. The next week can look very different.

TerraM held around $0.86. It is…

Ep 5: Options Premium Pushes TerraMatris to $52.49

On September 21, 2023, TerraMatris closed the week at $52.49, up $12.12 from $40.37. The reported weekly change was 30.02%, and the increase came from options premium collected during the period.

That is a good result, but the account is still small enough that twelve dollars can make a big percentage difference. I am keeping the focus on the actual cash added to the portfolio and on whether the next setup is worth taking.

The options approach is doing what I wanted it to do in these early weeks: give the portfolio a way to collect premium while I build capital gradually. It…

Ep 2: Ethereum Options Income Takes the Portfolio to $33.66

On August 31, 2023, the second week moved the portfolio from $5.38 to $33.66. That is an increase of $28.28, or 525.7%. The percentage looks wild because the starting balance was $5.38. The dollar amount is the more useful number.

Most of the week came from short-dated Ethereum options premium. I was actively managing the positions behind that premium, not treating it as automatic income. It was compensation for taking risk, and I wanted to keep the decisions measured.

In Ep 1, I started with a $5.38 result and a very small base. This week showed what a few decent premium…

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.

The TerraM token was quoted around $0.86. Liquidity was very limited, so I treated that as a reference…