Overview

Book snapshot · last cycle ran 3m ago · 3 positions evaluated

Book value

$600,000

▲ $6,240 · 24h

Premium · 30d

$11,940

▲ 0.101 BTC eq.

Ann. premium yield

16.8%

on spot notional

Overwrite coverage

94%

0.25 BTC as reserve

Open-call P&L

+$2,930

unrealized, decaying

Cumulative premium collected · 30d

coin-settled

$11,940+18% vs prior 30d

Positions

3 short calls · 2 assets1 contract = 1 coin

Instrument	Backing	Strike	DTE	Δ	Premium	Mark	Captured	Status
₿ BTC 8AUG26-135000-C ×2	2.00	$135,000	28	0.23	0.0192	0.0141	27%	Open
₿ BTC 18JUL26-124000-C ×1	1.00	$124,000	7	0.19	0.0108	0.0034	69%	Take profit
Ξ ETH 8AUG26-4000-C ×40	40.0	$4,000	28	0.28	0.0165	0.0170	-3%	Open
₿ BTC — uncovered reserve	0.25	—	—	—	—	—	—	Reserve

Spot exposure

the underlying

$527,00088% invested

₿ 3.25

$385k · avg $103,100

Ξ 40

$142k

Recent decisions

live

W

Wrote 2× BTC-8AUG26-135000-C @ 0.0192

Δ 0.23 nearest target · ann. yield 18.4% ✓

today · 09:42

B

BTFD fill · +0.25 BTC @ $114,900

Dip ladder rung 2 · reserve → 0.25 BTC free

today · 09:15

R

Rolled ETH 3900C → 4000C for +0.0041

Strike challenged (Δ 0.52) · rolled out + up

today · 08:30

C

Closed BTC-11JUL26-128000-C @ 0.0031

Hit 60% profit-take · kept 71% of premium

yesterday · 22:08

BTFD ladder · BTC

target 3.50

$117,400 −3%

0.25Filled

$114,900 −5%

0.25Filled

$111,900 −8%

0.50Resting

$106,600 −12%

0.50Armed

Mockup · paper mode · illustrative data. Covered call on Deribit = hold coin spot + sell OTM coin-settled calls; premium is paid in the coin. Not investment advice.

Positions

Open short calls, greeks, and assignment risk

Open short calls

3 legs · 2 assetsmarks refreshed 40s ago

Instrument	Backing	Strike	DTE	Δ	Θ/day	IV	Premium	Mark	To close	Captured	Assign	Status
₿ BTC-8AUG26-135000-C written 11 Jul · ×2	2.00	$135,000	28	0.23	0.0004	46%	0.0192	0.0141	0.0141	27%	Low	Open
₿ BTC-18JUL26-124000-C written 26 Jun · ×1	1.00	$124,000	7	0.19	0.0009	44%	0.0108	0.0034	0.0034	69%	Med	Take profit
Ξ ETH-8AUG26-4000-C rolled 11 Jul · ×40	40.0	$4,000	28	0.28	0.0005	61%	0.0165	0.0170	0.0170	-3%	Low	Open

Spot lots (collateral)

backs the short calls

Asset	Qty	Avg cost	Mark	Value	Unreal.	Written
₿ BTC	3.25	$103,100	$118,450	$384,962	+$49,887	3.00 / 3.25
Ξ ETH	40.0	$2,980	$3,540	$141,600	+$22,400	40 / 40

Suggested actions this cycle

C

Close BTC-18JUL26-124000-C

69% captured ≥ 60% profit-take · frees 1.0 BTC to re-write

buy-to-close @ ~0.0034

·

Hold BTC-8AUG26-135000-C

Δ 0.23, DTE 28 — no trigger met

next check in 15m

·

Hold ETH-8AUG26-4000-C

Just rolled · monitor for Δ > 0.50

next check in 15m

Option chain · BTC

How the engine selects a strike — nearest target Δ, above cost basis, liquid

18JUL · 7d25JUL · 14d1AUG · 21d8AUG · 28d29AUG · 49d26SEP · 77d

◎

Target for 8AUG26 (28 DTE): strike with Δ nearest 0.25, above cost basis ($103,100), OI ≥ 250, spread ≤ 10%. → selected $135,000-C (Δ 0.23, ann. yield 18.4%).

Call strikes · BTC-8AUG26

spot $118,450 · mid quotes in BTC

Strike	Moneyness	Bid	Ask	Mark	Δ	IV	Open int.	Ann. yield
$125,000	+5.5%	0.0301	0.0316	0.0308	0.38	47%	1,842	28.9%
$130,000	+9.8%	0.0233	0.0246	0.0240	0.30	46%	2,510	22.4%
$135,000	+13.9%	0.0186	0.0198	0.0192	0.23	46%	3,180	18.4%
$140,000	+18.2%	0.0141	0.0152	0.0146	0.17	47%	2,046	13.7%
$145,000	+22.4%	0.0104	0.0117	0.0110	0.13	48%	1,377	10.2%
$150,000	+26.6%	0.0076	0.0090	0.0083	0.10	49%	2,904	7.7%

Screener

Overwrite candidates ranked by target-Δ premium yield · event blackout enforced

Deribit optionable universe

4 assetsmin OI 250 · avoid event ±3d

Asset	Spot	IV rank	IV / RV 30d	Δ0.25 premium	Ann. yield	Liquidity	Event	Rank	Status
◎ SOL $214.20	$214	68%	84 / 71	0.041	31.2%	Good	Unlock −5d	1	Blocked
✕ XRP $2.68	$2.68	60%	78 / 66	0.038	27.1%	Fair	clear	2	Candidate
Ξ ETH $3,540	$3,540	55%	61 / 53	0.0165	21.6%	Deep	clear	3	Held · full
₿ BTC $118,450	$118,450	42%	46 / 41	0.0192	18.4%	Deep	clear	4	Held · 94%

◎

SOL ranks #1 on yield but is inside the token-unlock blackout (−5d) → acquisition paused. XRP clears all filters and is the next acquisition candidate if a new-name slot opens (3 / 5 used).

Activity

Decision log, trade blotter, and alerts sent

Trade blotter

fills

Time	Instrument	Side	Qty	Price	Fee	Order	Status
09:42	BTC-8AUG26-135000-C	SELL	2	0.0192	0.0006	#48213	Filled
09:15	BTC spot	BUY	0.25	$114,900	$14.4	#48197	Filled
08:30	ETH-25JUL26-3900-C	BUY	40	0.0198	0.012	#48120	Filled
08:30	ETH-8AUG26-4000-C	SELL	40	0.0239	0.012	#48121	Filled
22:08	BTC-11JUL26-128000-C	BUY	1	0.0031	0.0003	#47988	Filled

Alerts sent

↗

SELL CALL BTC 28d $135k @ 0.0192 · ann. yield 18.4%

today · 09:42

↗

BTFD +0.25 BTC @ $114,900 · reserve 0.25

today · 09:15

↗

ROLL ETH → 8AUG $4,000 for +0.0041 credit

today · 08:30

↗

Daily summary: premium $412 · 3 open calls · P&L +$2,930

yesterday · 23:00

Decision log

all

W

WRITE 2× BTC-8AUG26-135000-C @ 0.0192

Δ 0.23 nearest target · strike > basis · ann. yield 18.4% ✓ · OI 3,180 ✓

today · 09:42

B

BTFD +0.25 BTC @ $114,900

Rung 2 (−5% from 24h high) · under target weight ✓

today · 09:15

R

ROLL ETH 3900C → 4000C for +0.0041

Δ 0.52 > 0.50 trigger, DTE 6 ≤ 7 · net credit, roll up ✓

today · 08:30

C

CLOSE BTC-11JUL26-128000-C @ 0.0031

Mark ≤ 40% of entry → 60% profit-take hit · kept 71%

yesterday · 22:08

·

HOLD — 3 positions, no trigger

Cycle no-op

yesterday · 21:53

B

BTFD +0.25 BTC @ $117,400

Rung 1 (−3% from 24h high)

yesterday · 15:41

✕

SKIP SOL write — event blackout

Token unlock in 5d ≤ avoid-event window (3d + buffer)

yesterday · 09:40

Risk & rules

Safety guards, sizing caps, and the active strategy config

Safety guards

all green

✓Paper / live guard — connected env matches PAPERtestnet

✓API key scope — trade only, no withdrawalverified

✓Limit orders only — never market an optionmid-price

✓Subprocess timeout on every order30s

✓Kill switch armed · max daily drawdown4% · used 0%

Sizing & concentration

New-name slots3 / 5

BTC weight (target ≤ 65%)64%

ETH weight (target ≤ 30%)24%

Cash / USDC buffer (min 8%)12%

Assignment & expiry handling

Cash-settled (no share call-away)Deribit ✓

Roll trigger — Δ > 0.50 & DTE ≤ 7on

Let expire if OTM at settlementon

Re-write freed lots next cycleon

rules.json

active

"target_dte": 28,  "dte_window": [21,35],
"target_delta": 0.25,  "delta_window": [0.18,0.32],
"strike_above_cost_basis": true,
"min_annual_yield_pct": 12,
"min_open_interest": 250,
"max_bid_ask_spread_pct": 10,
"profit_take_pct": 60,
"roll": { "dte_trigger": 7, "delta_trigger": 0.50 },
"avoid_event_within_days": 3,
"universe": ["BTC","ETH","SOL","XRP"],
"btfd_ladder_pct": [3,5,8,12]