I made a few trades in the last couple of days:
1. On August 15, I sold a call option for ETH with an expiry date of December 26 and a strike price of 5000 through a block trade on Binance options, receiving 689 USDT in premium per ETH, equivalent to an annualized rate of about 40%, realizing a premium income. (I initially chose Binance because the margin could also be converted to WBETH, hoping to earn Staking income as well, but later found that WBETH cannot hedge the Delta risk of options.)
2. I converted all of this ETH premium income into USD, transferred it to moomoo, and last night invested half to buy long-term (about 855 days) out-of-the-money call options (Call) for Robinhood and Tesla with a 20% strike price.
Let me explain the reason for this:
1. I am extremely optimistic and can't wait to see the future of Robinhood. It has the largest group of young investors globally, entering the RWA stablecoin and 'everything on-chain' race, while relying on a spread model to earn high profits, which users are almost unaware of. As for Tesla, opinions vary, so I won't elaborate further.
2. I planned early on to sell a small portion at ETH 5000 to set up the preliminary structure of an estate trust. I have always believed that the biggest risk in inheritance is not 'spending it all', but being deceived. I do not support handing over the entire inheritance to the next generation all at once; rather, I prefer to use a trust structure that allows them to withdraw only the principal income each year, while the principal remains preserved in value and cannot be accessed arbitrarily.
3. From a trading perspective, 5000 USD is an important resistance level for ETH. Instead of holding out and waiting, it’s better to sell call options first: if it really rises to 5000, I will normally settle and sell; if it doesn’t reach that, I will collect the premium. The only downside is that if the price briefly breaks through 5000 and then falls back, there may be some exposure. But there is no 100% perfect trading strategy; after weighing the options, this is a strategy I can accept.
Further planning:
1. I am considering exchanging half of my BNB spot for Robinhood stock spot.
2. When the premium rates for BNMR and SBET are relatively low, I will exchange a small amount of ETH for these two US stocks, as I believe that in a bull market, the premiums and volatility of US stocks have more advantages.
3. If the market turns bearish in the future and MSTR, BNMR, SBETH experience significant discounts, I will consider gradually exchanging BTC and ETH spot for these stocks.
