Quick update on lunch money trade:
ETH Price dropped to $1765.66
Short ETH-1850-C (20 ETH)
Entry: 11.37
Mark: 3.54
Trading PnL: +156.60
Total Funding Collected: +217.82
Total PnL = (Entry - Mark) * Size + Funding = ~+371
Long ETH-1900-C (20 ETH)
Entry: 4.95
Mark: 1.62
Trading PnL: -66.60
Total Funding Collected: -86.96
Total PnL = (Entry - Mark) * Size + Funding= ~-153
Net PnL: ~+220
Running a simple ETH call spread via perps:
Short 1850 Call → yields ~180% annualized
Long 1900 Call → costs ~70% annualized
Net positive carry with defined risk
If ETH chops here, should be able to clip enough for lunch money by week's end.
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