Birthday in Thessaloniki, Greece
| Travel guides | 31 seen
Turning 40 is a milestone worth celebrating in style, and what better way than in Thessaloniki — a city that seamlessly blends history, culture, and cuisine. From affordable flights and boutique stays to seafood feasts and hidden beaches, our journey turned into an unforgettable week-long adventure.
Getting There: Kutaisi to Thessaloniki
Our adventure began in Kutaisi, Georgia, with a direct Wizzair flight to Thessaloniki. Wizzair’s budget-friendly routes made the trip smooth and convenient, a reminder that Europe’s treasures are often closer (and cheaper) than we think. Just a couple of hours in the air, and we landed in the heart of northern Greece — the gateway to the Mediterranean.
Where We Stayed: Boutique Comfort & Local Airbnb
For the first part of the trip, we checked into the charming S Hotel, nestled right in the heart of Thessaloniki’s Old Town. With narrow cobblestone streets, colorful facades, and plenty of history, it was the perfect backdrop for celebrating a big birthday. The boutique hotel offered a cozy yet stylish stay, surrounded by authentic tavernas and lively cafés.
Later, we switched gears and tried a local Airbnb, which gave us an entirely different experience. Staying in a residential neighborhood allowed us to soak in the everyday rhythm of Thessaloniki — morning coffee at the corner café, chats with local hosts, and the luxury of living like a local.
Culinary Delights: Where Every Meal Is a Celebration
Thessaloniki is heaven for food lovers. Whether it was the bustling seaside tavernas or small family-owned eateries tucked away in the alleys, we were spoiled with choices.
- Fresh seafood stole the spotlight — octopus grilled to perfection, mussels in wine sauce, and platters of calamari.
- The wine was even better — local varieties paired perfectly with the Mediterranean flavors.
- And the best part? Prices were surprisingly affordable, proving you don’t need a luxury budget to indulge like royalty.
Every dinner felt like a birthday feast.
Adventures & Escapes
Beyond the city’s lively streets and nightlife, we ventured out to discover the region’s hidden gems:
- Waterparks — because sometimes birthdays call for pure fun and adrenaline.
- Hidden beaches — quiet, turquoise spots away from the crowds where time seemed to stop.
- Historic strolls — exploring Byzantine walls, Ottoman landmarks, and ancient ruins that reminded us of Thessaloniki’s layered history.
Each day was a mix of culture, relaxation, and celebration.
Why Thessaloniki Stands Out
Thessaloniki isn’t just another European city. It’s a blend of old and new, Mediterranean charm and Balkan warmth, lively nightlife and tranquil seaside mornings. It felt authentic, welcoming, and unpretentious. Most importantly, it offered the perfect stage for marking a milestone birthday.
And yes — “Birthday in Thessaloniki” the movie is out! Our week-long adventure has been captured in a short film, immortalizing the fine cuisine, beach escapes, and joyful celebrations.
Celebrating 40 in Thessaloniki was more than just a trip — it was a memory etched for a lifetime. From Kutaisi flights to boutique stays, seafood feasts, and unforgettable sunsets, everything came together seamlessly.
One thing is certain: Thessaloniki is a place to return.
Week 23 / BMY Roll & NVDA Rally: Covered Call Portfolio Update
| | 40 seen
Greetings from Kakheti’s Alazani Valley! This weekend we came here to enjoy the beauty of the region and to host a small office party with Caulingo, where I sometimes work when I’m not focused on fund operations at Terramatris or managing our covered call portfolio.
Jokes aside:
As of September 12, 2025, our covered call stock portfolio has reached $8,757, marking another weekly gain of +2.4% (+$205). Year-to-date, the portfolio is up +12.12%. Technically, we’re slightly underperforming the S&P 500 (+12.365), but I’m very satisfied with the progress - the $10K milestone feels just around the corner.
This week, we collected $122 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.39% this week).
Our portfolio remains concentrated in NVDA stock. This week turned out to be a bounce-back, though at one point we were concerned about adjusting the $162.5 put we had sold last week—until NVDA suddenly surged past $177.
Our position in BMY didn’t perform as well as expected, so today we decided to roll it down from $46.5 to $46 with next week’s expiry—luckily, for a credit.
We keep holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,400.
Current positions
- NVDA Sep 19, 2025 172.5/166 Bull Put Credit Spread
- 2X BMY Sep 19, 2025 46/44 Bull Put Credit spread
- NVDA Dec 19, 2025 $113 Covered Call
I have to admit, I may have been a bit aggressive with options selling this week, which increases the risk that I’ll need to adjust one or even both positions during the upcoming week.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $122 in options premium this week. If we can consistently average that amount, it would take approximately 43 weeks to fully eliminate our margin debt of $5,265.
Looking ahead to next week, I will be closely monitoring the NVDA $172.5 puts. BMY will also require attention, as I was selling ATM puts there. Should any of our positions come under pressure, the plan is to roll them forward—ideally for a credit.
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Week 22 / Options Income Report: 1.25% Weekly ROI From NVDA & BMY Trades
| | 90 seen
As of September 5, 2025 ,our covered call stock portfolio stood at $8,552, what is another weekly increase of +0.56% (+$47). While Year-to-date, our portfolio is +8.41%. Awesome!
For the record, our portfolio is influenced by EUR/USD exchange rates. If the euro hadn’t been trading at 1.18 against the dollar, our portfolio would actually be down a few dollars. Anyhow, cheers to the EUR/USD exchange rate this week!
This week, we collected $107 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.25% this week).
Our portfolio remains concentrated in NVDA stock, and this week proved to be another volatile one for the tech giant. At the beginning of the week, I rolled down and forward our 165 put.
Meanwhile, our experiment with DOCU stock options turned out positive—those options expired worthless. To boost this week’s options premium, I returned to selling put options on BMY stock. The strategy worked well, and I collected enough cash premium to purchase one share and add it to our long-term portfolio.
Our dividend income is still quite modest, but I’d be happy to grow it to the point where it can cover our margin interest payments, which are currently around $25 per month. Even aside from that goal, having dividend-paying stocks in the portfolio warms my heart.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $5,400.
Current positions
- NVDA Sep 12, 2025 162.5/150 Bull Put Credit Spread
- 2X BMY Sep 12, 2025 46.5/44.5 Bull Put Credit spread
- NVDA Dec 19, 2025 $113 Covered Call
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $107 in options premium this week. If we can consistently average that amount, it would take approximately 50 weeks to fully eliminate our margin debt of $5,384.
Looking ahead to next week, I will be closely monitoring the NVDA $162.5 puts. BMY will also require attention, as I was selling ATM puts there. Should any of our positions come under pressure, the plan is to roll them forward—ideally for a credit.
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Azeula Fortress, Tbilisi Sea, and Ateni Sioni
| Travel guides | 35 seen
August ended with yet another packed and memorable weekend in Georgia. This time, our journey took us from the hills near Kojori to the refreshing waters of the Tbilisi Sea, and finally to the historical town of Gori, where we enjoyed a hearty Sunday brunch and paid a visit to the ancient Ateni Sioni Church.
I had heard so much about Azeula Fortress (also known as Kojori Fortress) over the years, yet for some reason, I had never actually made the trip. That changed at the end of August, when we finally decided to explore it.
Perched high above Kojori, just a short drive from Tbilisi, the fortress is a fascinating blend of medieval history and natural beauty. The hike up is moderately challenging but completely worth it, with stunning panoramic views of the surrounding mountains and valleys. Walking among the ancient ruins felt like uncovering a long-awaited piece of Georgian history I had always wanted to see for myself.
After exploring Azeula, we headed back home and later in the evening for a cool-down session at the Tbilisi Sea. This large artificial lake, officially called the Tbilisi Reservoir, is a favorite summer destination for locals — and for us, too.
We’ve been coming here occasionally for more than a decade, and every visit feels like a reset button. On this trip, Renee actually did her second swim in the reservoir, with her first one having been recorded back in 2019. Seeing her take to the water again after all those years added a very personal highlight to the day.
The water was crisp, the air breezy, and spending a couple of hours swimming there felt like a mini holiday within the weekend.
Sunday morning our journey then continued west to Gori, a city that has somehow gotten onto our travel radar lately. In fact, we find ourselves visiting Gori quite often these days, and it almost feels like no trip is complete without a stop there.
One of the main reasons? Erisoni Restaurant. At this point, I’m not even sure whether Gori is the destination and Erisoni is the reward, or if Erisoni itself is the true goal of the trip. Either way, the restaurant has become a must-visit for us.
Serving up authentic Georgian cuisine with generous portions and a welcoming atmosphere, Erisoni never disappoints. From khachapuri to goris cutler, every dish hits the mark, making brunch there a highlight of any weekend journey.
After filling up at Erisoni, we made our way to Ateni Sioni, a 7th-century Georgian Orthodox church nestled in the beautiful Ateni Valley.
I first came here back in 2016, and it’s been fascinating to see the progress and improvements made since then. The most noticeable change is the construction of a metal footbridge, which has made access to the site much easier and more comfortable. The church itself remains as awe-inspiring as ever, surrounded by vineyards and rolling hills, but now the infrastructure adds a layer of convenience for visitors.
Inside, the ancient frescoes and inscriptions continue to tell their centuries-old stories, reminding us why this site is one of Georgia’s historical treasures.
This weekend journey — from finally ticking Azeula Fortress near Kojori off my list, to a swim in the Tbilisi Sea (with Renee’s second-ever swim in the reservoir), to enjoying yet another unforgettable brunch at Erisoni in Gori, and closing the trip with a visit to the ever-improving Ateni Sioni Church — was the perfect way to end August.
Georgia continues to amaze with its mix of history, landscapes, and warm hospitality. Whether the goal is discovering new places or revisiting favorites like Erisoni and Ateni Sioni, every weekend trip turns into a memorable adventure.
Week 21 / $98 Premiums, NVDA Volatility, and DOCU Position
| | 51 seen
As of August 29, 2025, our covered call stock portfolio stood at $8,504, what is another weekly increase of +1.81% (+$150). While Year-to-date, our portfolio is +8.87%. Awesome!
This week, we collected $98 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.15% this week).
Our portfolio remains concentrated in NVDA stock, and this week proved especially volatile due to NVDA’s earnings report on August 27. Fortunately, all of our options positions expired worthless, allowing us to move forward without setbacks.
In addition, I explored DocuSign this week and decided to take a small position. We initiated a bull put spread to test the waters, while also adding 0.5 shares to our long-term portfolio.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,100.
Current positions
- NVDA Sep 5, 2025 165/155 Bull Put Credit Spread
- DOCU Sep 5, 2025 66/60 Bull Put Credit spread
- NVDA Dec 19, 2025 $113 Covered Call
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $98 in options premium this week. If we can consistently average that amount, it would take approximately 55 weeks to fully eliminate our margin debt of $5,416.
Looking ahead to next week, I will be closely monitoring the NVDA $165 puts. DOCU also warrants attention with its upcoming earnings report scheduled for September 4. Should any of our positions come under pressure, the plan is to roll them forward—preferably for a credit.
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Week 20 / Tbilisi Life & NVDA Stock Update: Covered Calls Portfolio +0.9% This Week
| | 112 seen
Greetings from Tbilisi, Georgia! Today, we attended the open afternoon at the British International School of Tbilisi. Our kiddo is already in Year 3—time really flies! For the next academic year, the head teacher will be joining us from Wales. So instead of the usual leprechauns, we’ll now be surrounded by dragons and fairies. And with just a few more weeks left, summer will officially come to an end.
Besides that, this week was quite turbulent for our stock portfolio. With the upcoming earnings report for NVDA scheduled next week, there were noticeable price movements. To stay safe, I decided to roll out and forward positions already in the middle of the week. Nevertheless, the week ended strong, and we locked in some nice weekly gains for the portfolio.
As of August 22, 2025, our covered call stock portfolio stood at $8,353, what is a decent increase of +0.9% if compared to previous week (+$74). While Year-to-date, we our portfolio is +6.94%. Awesome!
This week, we collected $112 from selling options, what is well above my goal to generate at least 1% weekly in options premium (1.34% this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,400.
Current positions
- NVDA Aug 29, 2025 167.5/155 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $112 in options premium this week. If we can consistently average that amount, it would take approximately 49 weeks to fully eliminate our margin debt of $5,477.
Looking ahead to next week, I’ll be keeping a close eye on the NVDA $167.5 puts. If the position gets challenged, I plan to roll out, preferably for a credit.
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Week 19 / $155 from NVDA & UBER Trades, Margin Debt Payoff in Sight
| | 125 seen
Greetings from Tsikhisdziri, Georgia! This week, we decided to extend our holiday with a five-day stay at a friend’s aparthotel on the Black Sea, near Batumi, after returning from Thessaloniki. Life is beautiful.
Besides that, it was another great week for my covered call stock portfolio, with exotic Swedish SEB Bank, Finnish Neste, and BMY put options expiring worthless — bringing me back to trading NVDA options.
As of August 15, 2025, our covered call stock portfolio stood at $8,278, what is a decent increase of +2.07% if compared to previous week (+$168). While Year-to-date, we are already at +5.99%. Awesome!
This week, we collected $155 from selling options, what is well above my goal to generate at least 1% weekly in options premium (1.87% this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,700.
Current positions
- NVDA Aug 22, 2025 172.5/165 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
Additionally, while still in Greece, I got scammed a few times by Uber taxi drivers and decided to take a proactive stance by selling put options on UBER stock. In the end, I collected about $95 (a nice bump in weekly options premiums) — enough to cover my travel expenses back in Thessaloniki.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $155 in options premium this week. If we can consistently average that amount, it would take approximately 36 weeks to fully eliminate our margin debt of $5,585.
Looking ahead to next week, I’ll be keeping a close eye on the NVDA $172.5 puts. If the position gets challenged, I plan to roll out, preferably for a credit.
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Week 18 / 40th Birthday in Thessaloniki: BMY Credit Spreads, and a Heineken Twist
| | 98 seen
Greetings from Thessaloniki, Greece! This week, I’m celebrating my 40th birthday surrounded by fine cuisine, a light sea breeze, and surprisingly good house wine. If there’s a hidden gem in Europe, Thessaloniki is certainly one of them.
Travel brings inspiration—and new ideas. This week was one of those moments. I took a step back from my usual NVDA trades and instead opened new positions in Heineken and BMY. The result? Additional EUR income and an increased USD allocation in our dividend stock portfolio.
As of August 8, 2025, our covered call stock portfolio stood at $8,100, what is a decent increase of +3.85% if compared to previous week (+$300). While Year-to-date, we are already on positive +4.78%. Awesome!
This week, we collected $118 from selling options, what is above my goal to generate at least 1% weekly in options premium (1.45% this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,100.
Current positions
- 2 x BMY Aug 15, 2025 45/42.5 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
With NVDA trading above $180, I’m cautious. Rather than selling additional put options at these elevated levels, I decided to take a more defensive stance. This week, I shifted focus to BMY and opened two credit spreads. The premiums collected were enough to fully cover the purchase of one BMY share, which adds both value and stability to our dividend portfolio—with a quarterly payout of $0.62 per share.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $118 in options premium this week. If we can consistently average that amount, it would take approximately 49 weeks to fully eliminate our margin debt of $5,697.
Looking ahead to next week, I’ll be keeping a close eye on the BMY $45 puts. If the position gets challenged, I plan to roll out rather than take assignment immediately. I also don’t intend to re-enter any NVDA put trades while the BMY position is active.
As for the Heineken trade—let’s call it more of a playful move, inspired while sipping a Fischer beer in Thessaloniki.
Aside from enjoying their beer, there’s a personal connection—my great-great-grandfather also owned a brewery in Goldigen, present-day Latvia.
The Fischer brewery was founded in 1821 in Strasbourg, in the Alsace region in France, and moved to Schiltigheim in 1854, because of the water quality there. In 1922, they took over the neighbouring Adelshoffen brewery and became "Groupe Pêcheur" (the French translation of the German "Fischer"). "Groupe Pêcheur" was in turn taken over by Heineken in 1996.
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Week 17 / Boring but Profitable: Weekly NVDA Credit Spread Expires Worthless, Again
| | 114 seen
As of August 1, 2025, our covered call stock portfolio stood at $7,810, what is a slight decrease of -0.4% if compared to previous week (-$31). While Year-to-date, we are still in positive territory with +1.69%. Awesome!
To be fully transparent, our portfolio's value is also influenced by EUR/USD exchange rate fluctuations. With the U.S. dollar strengthening to 1.15 against the euro, we experienced a decline in value when measured in dollar terms.
Aside from that, it was another boring week - our NVDA credit spread expired worthless, and we opened a new weekly credit spread. Boring is good; excitement often means risk.
This week, we collected $46 from selling options, what is below my goal to generate at least 1% weekly in options premium (0.58% this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,100.
Current positions
- NVDA Aug 8, 2025 165/155 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $46 in options premium this week. If we can consistently average that amount, it would take approximately 124 weeks to fully eliminate our margin debt of $5,697. .
Looking ahead to next week, I’ll need to closely monitor the NVDA $165 put.
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Week 16 / Rolling Covered Calls: Why I Rolled NVDA to December for Higher Premium
| | 29 seen
As of July 25, 2025, our covered call stock portfolio stood at $7,841, another +2.69% week-over-week increase (+$205). Year-to-date, we are finally in positive territory with +0.37%. Awesome!
This week, I rolled forward and up our August 15 expiry covered call on NVIDIA, extending it to the December 19 expiry.
With this rollout, I increased the strike price by $3 and collected an additional premium of $0.60 per share. Given our long-term strategy to hold NVDA stock, I'm quite pleased with this adjustment - it aligns well with our overall goal of maximizing premium while maintaining upward exposure.
This week, we collected $101 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.28 % this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,100.
Current positions
- NVDA Aug 1 165/155 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $101 in options premium this week. If we can consistently average that amount, it would take approximately 56 weeks to fully eliminate our margin debt of $5,743. .
Looking ahead to next week, I’ll need to closely monitor the NVDA $165 put.
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Week 15 / Weekly Options Income Hits $66 as NVDA Credit Spreads Return
| | 16 seen
As of July 18, 2025, our covered call stock portfolio stood at $7,636, another +0.71% week-over-week increase (+$53). Year-to-date, we are still down -1.59%.
This week, we returned to selling credit spreads on NVDA, while also experimenting with Neste stock from the Helsinki Stock Exchange to boost our EUR-denominated income. From time to time, I enjoy trading in frontier markets.
This week, we collected $66 from selling options, what is slightly below my goal to generate at least 1% weekly in options premium (0.86 % this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $110 strike price expiring on August 15, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $6,000.
Current positions
- NVDA Jul 25 165/155 Put Credit Spread
- NVDA Aug 15, 2025 $110 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums. With NVDA trading well above 170 per share I'm seriously considering rolling this position further out to December expiry,
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $66 in options premium this week. If we can consistently average that amount, it would take approximately 88 weeks to fully eliminate our margin debt of $5,844. Additionally, I spent around $30 to buy MCD stock. Without this purchase, our margin debt would have been even lower.
Looking ahead to next week, I’ll need to closely monitor the NVDA $165 put.f it’s challenged, I may need to either roll it out or consider closing the $110 covered call position.
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Week 14 / WFC Credit Spread & NVDA Covered Call Strategy – Weekly Options Income Hits $83
| | 27 seen
As of July 11, 2025, our covered call stock portfolio stood at $7,582, another +1.26% week-over-week increase (+$94). Year-to-date, we are still down -2.94%.
Unlike previous weeks, this time I initiated a new credit spread on WFC (Wells Fargo), using the premium received to purchase shares of WFC itself. If not assigned, I’m considering selling additional credit spreads on WFC in the coming weeks, while using premium to offset the margin
Meanwhile, I continue to hold a deep in-the-money covered call position on NVDA.
This week, we collected $83 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.09 % this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $110 strike price expiring on August 15, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $5,000.
Current positions
- WFC Jul 18 79/71 Put Credit Spread
- NVDA Aug 15, 2025 $110 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums. With NVDA trading well above 160 per share I'm seriously considering rolling this position further out to December expiry,
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $83 in options premium this week. If we can consistently average that amount, it would take approximately 70 weeks to fully eliminate our margin debt of $5,874.
Looking ahead to next week, I’ll need to closely monitor the WFC $79 put. If it’s challenged, I will try to roll it out preferbably for a credit
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Week 13 / Swedish Kronor & Premiums: SEB A Options Trade and NVDA Spread Fuel Gains
| | 44 seen
As of July 4, 2025, our covered call stock portfolio stood at $7,488, another +1.46% week-over-week increase (+$107). Year-to-date, we are still down -4.97%.
This week’s growth was driven by a combination of factors: the expiration of options trades on NVDA, favorable movement in the USD/EUR exchange rate (now at 1.18), and a strategic “revenge trade” on SEB A stock, which added a few Swedish Kronor to our portfolio.
This week, we collected $41 from selling options, what is under with our goal to generate at least 1% weekly in options premium (0.54 % this week).
Our portfolio remains concentrated around NVDA stock. On Thursday (Because of Independence Day) we successfully closed a put credit spread on NVDA that expired worthless, allowing us to retain the full premium. Continuing our premium collection strategy, we’ve initiated a new credit spread set to expire next week.
I'm currently holding one covered call on NVDA with a $110 strike price expiring on August 15, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $5,000.
Current positions
- NVDA Jul 11 150/141 Put Credit Spread
- NVDA Aug 15, 2025 $110 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $41 in options premium this week. If we can consistently average that amount, it would take approximately 143 weeks to fully eliminate our margin debt of $5,875.
Looking ahead to next week, I’ll need to closely monitor the NVDA $150 put. If it’s challenged, I may need to either roll it out or consider closing the $110 covered call position.
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Week 12 / AI-Fueled NVDA Surge Lifts Portfolio +2.59% This week —But Is a Pullback Near?
| | 30 seen
As of June 27, 2025, our covered call stock portfolio stood at $7,380, another g+2.59% week-over-week increase (+$186). Year-to-date, we are still down -5.50%.
This week, we collected $46 from selling options, what is under with our goal to generate at least 1% weekly in options premium (0.62 % this week).
Our portfolio remains concentrated around NVDA stock. On Friday we successfully closed a put credit spread on NVDA that expired worthless, allowing us to retain the full premium. Continuing our premium collection strategy, we’ve initiated a new credit spread set to expire next week.
I'm currently holding one covered call on NVDA with a $110 strike price expiring on August 15, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $4,700.
NVDA on Fire
NVDA stock is on fire—this week it surged well above the $155 mark, breaking through multiple resistance levels with ease. The relentless momentum has been fueled by AI-related optimism and bullish sentiment, leaving many market participants wondering just how high it can go before a meaningful correction kicks in. With valuations stretching and implied volatility elevated, we’re staying nimble and watching closely for potential reversal signals.
While we remain confident in NVDA’s long-term outlook, such sharp upward moves often precede consolidation or pullbacks. Our strategy, including covered calls and weekly credit spreads, allows us to continue benefiting from elevated premiums while maintaining a core long position.
Current positions
- NVDA Jul 03 150/143 Put Credit Spread
- NVDA Aug 15, 2025 $110 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $46 in options premium this week. If we can consistently average that amount, it would take approximately 127 weeks to fully eliminate our margin debt of $5,887.
Looking ahead to next week, I’ll need to closely monitor the NVDA $150 put. If it’s challenged, I may need to either roll it out or consider closing the $110 covered call position.
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Week 11 / Beating the 1% Weekly Goal: How We Collected $101 in Options Premiums
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As of June 20, 2025, our covered call stock portfolio stood at $7,194, a small but important +1.68% week-over-week increase (+$119). Year-to-date, we are still down -6.18%.
This week, we collected $101 from selling options, aligning with our goal to generate at least 1% weekly in options premium (1.4% this week).
Our portfolio remains concentrated around NVDA stock. On Friday we successfully closed a put credit spread on NVDA that expired worthless, allowing us to retain the full premium. Continuing our premium collection strategy, we’ve initiated a new credit spread set to expire next week.
Midweek, I decided to take a proactive stance and rolled up and away the June 27, $109 covered call on NVDA. The position was moved to a higher strike price of $110 with a new expiry of August 15. For this adjustment, we received an additional $48 in premium (net of commissions), and there's also potential to realize an extra $100 if NVDA stays above our strike price on expiry.
Our long-term strategy remains unchanged - we aim to hold NVDA in our stock portfolio for as long as possible.
I'm currently holding one covered call on NVDA with a $110 strike price expiring on August 15, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $3,400.
Additionally I opened weekly credit spread on NVDA collecting additional $53 (after commissions)
Current positions
- NVDA Jun 27 139/131 Put Credit Spread
- NVDA Aug 15, 2025 $109 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $101 in options premium this week. If we can consistently average that amount, it would take approximately 59 weeks to fully eliminate our margin debt of $5,934.
Looking ahead to next week, I’ll need to closely monitor the NVDA $139 put. If it’s challenged, I may need to either roll it out or consider closing the $110 covered call position.
Never miss an update! Get weekly insights delivered to your inbox—subscribe to the Covered Calls with Reinis Fischer newsletter.
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