Week 4 / NVDA Covered Call Strategy: Earning $83 This Week To Pay of Margin Debt

2 May, 2025 | | 46 seen

As of May 2, 2025, our covered call stock portfolio was valued at $6,722, reflecting another strong 4.85% week-over-week gain. However, we still remain down -11.61% year-to-date. 

Our covered call portfolio at the moment is centered around NVDA stock exclusively. 

As of today our covered call position was in the money and, I decided to roll forward this position, 

Here is the trade setup:

• Bought back the May 2 $107 call for $7.75
• Sold the May 9 $107 call for $8.59
• Premium collected: $0.83 per share
• Break-even: $104.29

I initially wanted to roll this position up and away, but since it was already deep in the money, doing so would have required either choosing a different expiry or paying down debt. I preferred not to do the latter, as we’re using margin to finance the NVDA trade. One of our main goals is to reduce margin exposure as quickly as possible. That’s why I decided to stick with the same strike and simply collect premium instead.

Week after week we are improving our cash balance from collecting solid premium. It also incrementally moved me toward my target of owning shares outright, funded by option income.

Currently, most of these shares are financed using margin, with a total margin debit of -$6,322. The objective is straightforward—generate enough options income over the next 12 months to fully own the NVDA position debt-free.

Assuming an average weekly premium of $83, it would take approximately 76 weeks to eliminate the margin debt (excluding margin interest), We might be debt free around October 16, 2026.  Encouragingly, our debt-to-cash ratio continues to improve week over week.

Subscribe to the Covered Calls newsletter to stay updated on each step of the journey!

April 2025 Stock Portfolio Update ($6,629)

1 May, 2025 | Investments | 26 seen

At the end of April 2025, the total value of our stock portfolio stood at $6,629 (€6,594), down from $7,124 a month earlier. That’s a -6.94% decrease in portfolio value, or -$495 in dollar terms.

Yes, it stings — ouch — but it’s also part of a larger strategy pivot. We’re confident that with the NVDA covered call strategy, we’ll not only stabilize but begin generating consistent returns starting May.

April was a transformative month — both financially and personally. While our stock portfolio took a hit for the second month in a row, we made meaningful changes that lay the groundwork for a more strategic, income-focused approach. Meanwhile, on the personal front, we spent about 10 days in Latvia, enjoying springtime and putting serious work into our frame house project.

Over the course of 10 days, we focused on our wooden frame house, making significant progress. One of the biggest accomplishments was installing large 3x3 meter panoramic windows — a major improvement that enhanced both the functionality and aesthetics of the home.

We also got our hands dirty in the garden. Among several other plantings and tasks, we proudly planted an apple tree — a symbolic and practical investment in our long-term vision for the property. There’s something grounding about combining financial planning with physical, nature-rooted projects. It was a refreshing balance to the volatility in the markets.

In April, we made bold decisions in the stock market. We closed out almost all of our individual stock positions, except DB (Deutsche Bank), MCD (McDonald’s), and AAPL (Apple). The equity we decided to hold onto was NVDA (NVIDIA), which has become the cornerstone of our new covered call strategy.

We also exited all our options positions this month. This wholesale shift resulted in a realized loss, contributing to a negative return for April. The key reason behind this downturn: restructuring. We intentionally closed out non-core positions and repositioned the portfolio to focus on a single high-conviction holding — NVIDIA — to build a sustainable income strategy with covered calls.

Our new strategy revolves around holding 100 shares of NVDA and selling weekly covered calls against the position. So far, this approach has worked extremely well. The premiums collected have added consistent cash flow and provided a cushion against downside movements.

While the shift meant taking some short-term pain, the income potential from this method aligns with our evolving financial goals. We’re no longer chasing volatile gains — we're now focused on generating reliable yield with less complexity.

April was about letting go and starting fresh. Both in the Latvian countryside and in our investment portfolio, we laid foundations — installing windows to better view the world and planting financial seeds for long-term harvest.

The negative returns don’t feel great in the moment, but they’re the cost of repositioning. We’re now set up with a simplified, focused strategy. Let’s see how it plays out in May.

Postcards from Marseille

29 April, 2025 | | 31 seen

It’s been nearly two years since our last trip to Marseille, a sun-drenched jewel on France’s southern coast that left an indelible mark on our memories. That summer of 2023, we set out to explore the city’s vibrant beaches and winding old town, arriving and departing through the bustling hub of Marseille St. Charles train station. 

As I sit down to write this, the sights, sounds, and scents of that journey come flooding back—postcards from a city that effortlessly blends grit, charm, and Mediterranean allure.

Our adventure began at Marseille St. Charles, a grand station perched atop a hill, its wide steps offering a sweeping view of the city sprawling toward the sea. The station itself was a whirlwind of activity—travelers hauling suitcases, the hum of announcements in French, and the faint aroma of espresso from the nearby cafés. Stepping off the train, we felt the warm summer air wrap around us, a promise of the days ahead. From there, we descended into the heart of Marseille, eager to uncover its treasures.

The beaches were our first stop. Marseille’s coastline is a patchwork of rocky coves and sandy stretches, each with its own personality. We spent lazy afternoons at Plage des Catalans, a local favorite just a short walk from the city center. The water was a brilliant turquoise, cool against the heat of the Provençal sun, and we watched as families picnicked and kids splashed in the shallows. The sea was the star of the show, its waves whispering stories of the Mediterranean’s ancient past.

But Marseille is more than its beaches—it’s a city with soul, and nowhere did we feel that more than in the Old Town, Le Panier. Wandering its narrow, colorful streets felt like stepping into a living postcard. Laundry hung from balconies, the scent of garlic and herbs drifted from open windows, and weathered walls bore the patina of centuries. We ducked into tiny bistros for bouillabaisse, the city’s famed fish stew, served with crusty bread and a dollop of rouille. Each bite was a taste of Marseille’s maritime heart. The neighborhood’s history whispered through its squares—once a rough-and-tumble quarter for immigrants, now a maze of art galleries, boutiques, and murals splashed across peeling plaster.

One afternoon, we climbed up to Notre-Dame de la Garde, the basilica that crowns Marseille’s highest hill. The trek was steep, but the reward was a panorama that stretched from the port’s cranes to the Frioul Islands shimmering in the distance. The golden statue of the Virgin Mary atop the church glinted in the sunlight, a beacon for sailors and a symbol of the city’s resilience. Down below, the Vieux Port buzzed with life—fishermen unloading their catch, vendors hawking olives and lavender soap, and the clink of pastis glasses at waterside cafés.

As our trip drew to a close, we found ourselves back at Marseille St. Charles, suitcases a little heavier with souvenirs—handmade soaps, a bottle of rosé, and a stack of postcards we’d picked up along the way. The station’s grand clock ticked on, indifferent to our reluctance to leave. Boarding the train, we stole one last glance at the city through the window, its rooftops glowing in the late summer light.

That was Marseille in the summer of 2023—a place of raw beauty, where the sea meets the streets, and every corner tells a story. Looking back, it feels like a dream we’re itching to revisit. Maybe it’s time to book another ticket.

Fish Market near Gori

28 April, 2025 | Shopping Venues | 28 seen

This Fish Market is located about 2 kilometers outside Gori, right off the Tbilisi highway, that we hit up at the end of March 2025. Me and a few friends drove over from Kabitskhevi because someone swore the smoked fish there was worth it. Spoiler: they weren’t wrong.

The place isn’t hard to spot—just a little setup with a fish farm, a small shop, and a restaurant tucked in there too. We didn’t wander in by accident; we came straight for it. The shop was packed with good stuff: smoked fish that smelled amazing, jars of salmon caviar, some local nuts, and—get this—frozen octopus. I don’t even know where they got that, but we bought it anyway.

The smoked fish was the main draw. Tasted fresh, smoky, perfect. The caviar was a bonus—bright orange, salty little pops that I’m still thinking about. We grabbed some almonds and peanuts too, because why not? The octopus was a wild card; it’s still in my freezer waiting for me to figure out what to do with it.

There’s a restaurant there too,  but we didn’t eat there. Instead, we took our haul back to Gori and went to Erisoni Restaurant. That place never lets me down.

Honestly, that little market’s a gem. It’s not fancy or anything, just solid stuff straight from the farm. We drove from Kavtiskhevi for the smoked fish, and I’d do it again. Next time, maybe I’ll try the restaurant too.

Week 3 / How Weekly Covered Calls Are Funding Our NVDA Position

25 April, 2025 | | 46 seen

As of April 25, 2025, our covered call stock portfolio was valued at $6,411, reflecting another strong 9.76% week-over-week gain. However, it still remains down -15.87% year-to-date. 

Our covered call portfolio at the moment is centered around one stock only - NVDA. I'm selling 1 covered call only, with average buy price at $118.22 (using margin), while thanks to premiums collected in previous weeks, our current break-even price is $106.53

On April 25, our covered call position was slightly in the money and, I decided to roll up and away this covered call position:

Here is the trade setup:

• Bought back the April 25 $106 call for $2.12
• Sold the May 02 $107 call for $3.54
• Premium collected: $1.41 per share
• Break-even: $105.12

Week after week we are improving our cash balance from collecting solid premium. It also incrementally moved me toward my target of owning shares outright, funded by option income.

Currently, most of these shares are financed using margin, with a total margin debit of -$6,452. While margin adds leverage and increases risk, it also allows for consistent premium capture as we gradually build the portfolio. The objective is straightforward—generate enough options income over the next 12 months to fully own the NVDA position debt-free.

Assuming an average weekly premium of $141, it would take approximately 45.75 weeks to eliminate the margin debt (excluding margin interest), We might be debt free around March 6, 2026.  Encouragingly, our debt-to-cash ratio continues to improve week over week.

Subscribe to the Covered Calls newsletter to stay updated on each step of the journey!

Plage des Catalans: A Shrinking Memory in Marseille

22 April, 2025 | Tourism objects | 36 seen

Plage des Catalans, a sandy crescent tucked along Marseille’s coastline, holds a special place in my travel tapestry. I first visited this beach in the summer of 2003, a carefree stop during my early adventures in the city. 

Back then, it felt like a haven—close to the bustling port yet offering a slice of Mediterranean calm. When I returned 20 years later, in the summer of 2023, I was taken aback by how small it seemed. Had my memory inflated its size, or had something changed? I stood there, puzzled, wondering if I’d mixed up the location or if real estate projects had nibbled away at its edges. Over two decades, it seems the developers have claimed their share, shrinking what once felt boundless.

Our latest visit came straight from an unexpected detour. After accidentally disembarking at Aix-en-Provence station (thinking it was Marseille), we ordered a Bolt ride and asked the driver to take us to the nicest beach he could think of. Plage des Catalans was his pick. Arriving from the inland station, the sight of the sea was a relief. The beach was okay—smaller than I recalled, hemmed in by buildings and a volleyball court—but it did the trick. We cooled off in the waves, the salty water washing away the day’s mishaps.

Plage des Catalans may not be the sprawling escape of my 2003 memory, but it still offers a taste of Marseille’s coastal charm. Whether time or developers are to blame for its modest size, it remains a spot where the sea meets the city—and where I’ve met myself, twice over, 20 years apart.

Georgia Almond Farms: The New Frontier for Agricultural Investment

21 April, 2025 | Investments | 1,122 seen

As an expat who has called Georgia home for over a decade, I’ve had the privilege of witnessing the country’s agricultural landscape evolve in fascinating ways. From fish farms to cow farms and the aromatic allure of lavender oil fields, Georgia’s farmland investments have always piqued my curiosity. 

But in recent years, one trend has stood out above the rest: the growing interest in nut farms, particularly almonds. This shift has turned heads, and after a recent encounter at an almond farm near Kavitskhevi, I’m convinced there’s untapped potential here worth exploring.

During a spring road trip to Kavitskhevi resort, not far from Tbilisi, we pulled over to capture the season’s bloom—almond trees awash in delicate pink and white flowers. 

The farm, I later learned, spans an impressive 580 hectares. While snapping photos, I struck up a conversation with a guard who proudly shared that this operation grows almonds primarily for medicinal purposes. 

Intrigued, I dug deeper after the trip and discovered that a single hectare of almond trees can yield between 2 to 3 tons of almonds under optimal conditions. That’s a figure that sparks the imagination of any prospective investor.

Georgia’s nut industry, including almonds and walnuts, has been gaining momentum. According to Tornike Lataria, director of the Association of Almond and Walnut Producers, the country harvested around 2,000 tons of almonds in 2023 alone, with production steadily rising. This growth isn’t just a local phenomenon—it’s positioning Georgia as an emerging player in the global almond market. 

While California dominates with over 80% of the world’s supply (approximately 2 million tons annually), and Spain follows as the second-largest producer, Georgia is carving out a niche, especially in organic and specialty almonds. Experts like Ashish Kapur, a foreign investor in Georgia’s almond sector, have even dubbed it “the new California of global almond production,” citing its fertile soil and favorable climate.

Globally, almond production reached about 2.5 million tons in 2023, with the U.S., Spain, Australia, and the EU leading the pack. Georgia’s current output places it far behind these giants, but its rapid expansion—projected to increase 16-fold by 2027 to 14,000 tons—suggests it could soon rank among the top 20 producers if trends continue. For context, countries like Portugal and Tunisia produce 10,000–15,000 tons annually, a benchmark Georgia is poised to approach.

Let’s break down the numbers based on my Kavitskhevi encounter. If one hectare yields 2–3 tons of almonds, the 580-hectare farm could produce between 1,160 and 1,740 tons annually at full capacity. Almond prices vary widely depending on quality and market—ranging from $2,000 to $4,000 per ton for in-shell almonds globally. Assuming a conservative average of $3,000 per ton, that’s a potential revenue of $3.48 million to $5.22 million per year for the farm. For a smaller operation, say 10 hectares, you’re looking at 20–30 tons, or $60,000 to $90,000 annually—before costs, of course, but a compelling starting point.

Costs include land, trees, irrigation, labor, and equipment. In Georgia, agricultural land in regions like Kakheti can range from $1,500 to $5,000 per hectare, depending on location and water access. Almond trees take 3–5 years to bear fruit, with peak production around year 10, so patience is key. Annual operating costs per hectare (water, fertilizer, labor) might hover around $1,000–$2,000, based on regional estimates.

Georgia’s appeal lies in its unique advantages. The Kakheti region’s dry climate, tempered by rivers like the Iori, mimics the Mediterranean conditions almonds crave—hot summers, mild winters, and well-drained soil. Add to that lower land and labor costs compared to California or Spain, and you’ve got a recipe for profitability. The guard’s mention of medicinal almonds hints at a niche market—think almond oil or extracts for pharmaceuticals—which could fetch premium prices. Plus, Georgia’s proximity to Europe, Turkey, and Asia offers export potential, bolstered by duty-free EU access.

For a small-scale entry, a 5-hectare almond farm is a realistic starting point. Here’s a rough breakdown:

• Land Purchase: $7,500–$25,000 (at $1,500–$5,000/hectare)
• Trees: $10–$15 per tree, with 100–150 trees per hectare = $5,000–$11,250
• Irrigation Setup: $5,000–$10,000 (drip systems are common)
• Initial Costs (fertilizer, labor, etc.): $5,000–$10,000
• Total Minimum Investment: $22,500–$56,250

Steps to get started:

Living in Georgia has taught me that opportunity often hides in plain sight. The almond farm near Kavitskhevi was a reminder of that—a quiet giant in a country brimming with agricultural promise. 

Georgia’s almond sector offers a blend of affordability, growth potential, and a chance to tap into a global market. It’s not without risks—water access, market fluctuations, and time—but for those willing to plant the seeds, the harvest could be bountiful.

Week 2 / Covered Call Portfolio Update: $146 in Premium, 11.9% Week Over Week Growth

17 April, 2025 | | 66 seen

As of April 17, 2025, our covered call stock portfolio is valued at $5,841.36, reflecting a strong 11.92% week-over-week gain. However, it remains down -23.42% year-to-date. 

Despite ongoing market volatility and macroeconomic headwinds, I’m doubling down on a focused strategy centered around selling covered calls on NVDA stock to stabilize returns and drive long-term growth.

Our average buy price for NVDA stock is $118.22 (using margin), though thanks to premiums collected in previous weeks, our actual break-even price was significantly lower at $107.98.

On April 16, the day before our existing options expiry, I decided to roll up and away this covered call position:

• Bought back the April 17 $105 call for $1.32
• Sold the April 25 $105 call for $2.81
• Premium collected: $1.46 per share
• Break-even: $106.53

This roll gave me more breathing room in case of a bullish move in NVDA while still collecting solid premium. It also incrementally moved me toward my target of owning shares outright, funded by option income.

Currently, these trades are financed through margin, with a total margin debit of -$6,592. While margin adds leverage and increases risk, it also allows for consistent premium capture as we gradually build the portfolio. The objective is straightforward—generate enough options income over the next 12 months to fully own the NVDA position debt-free.

Assuming an average weekly premium of $146, it would take approximately 45.15 weeks to eliminate the margin debt (excluding margin interest). Encouragingly, our debt-to-cash ratio continues to improve week over week.

Subscribe to the Covered Calls newsletter to stay updated on each step of the journey!

From Paris to Marseille by High Speed Ouigo Train

15 April, 2025 | Travel guides | 39 seen

Traveling from Paris to Marseille is a rite of passage for anyone craving the thrill of France’s high-speed rails. Twenty years ago, in the summer of 2003, I first made the 900-kilometer journey by TGV, marveling as the countryside blurred past in just three hours. 

That memory—of speed, comfort, and the promise of Marseille—stuck with me. So, during our latest trip to France in the summer of 2023, I suggested we relive it. This time, we snagged cheap tickets on Ouigo, the budget-friendly arm of TGV, and set off from Gare de Lyon.

We arrived early at the iconic station, where I did my best to navigate conversations with the French personnel—my rusty language skills put to the test. Boarding went smoothly, and we settled into what we thought were our seats, ready for the ride. Then came the first stop—likely Marne-la-Vallée (Disneyland)—and chaos erupted. 

A wave of passengers stormed aboard, approaching us with furrowed brows. “You’re in our seats,” they declared. I offered a hopeful, “Can we just swap?” but the response was a firm, indignant “No way, go out, you stupid tourists.” Turns out, our actual seats were six cabins away. Problem was, Ouigo’s connected cabins made it impossible to reach them through the aisles. Defeated, we ended up perched in the boarding area, seatless for the journey.

The misadventures didn’t end there. Still rattled, I made a second blunder: we disembarked one stop early at Aix-en-Provence, thinking it was Marseille. Realizing my mistake on the quiet platform, we had to shell out €50 for a Bolt taxi to finish the trip. It was a humbling detour, softened only by the Paul cafeteria and Starbucks I spotted while waiting.

A week later, returning from Marseille to Paris, I was determined to get it right. I triple-checked our cabin and seats, clutching the tickets like a lifeline. Sure enough, we found French passengers lounging in our spots. They flashed sheepish grins and asked, “Please, can we just swap?” I channeled my inner resolve and replied, “No way.” After the chaos of the outbound trip, those seats were ours—no negotiations.

Ouigo may lack the polish of the TGV I remembered, but it delivered a story for the ages. From seat showdowns to station slip-ups, this 900-kilometer ride reminded me that even the fastest trains can’t outrun human quirks—or the need to double-check your ticket.

Gladius Jiu Jitsu Club in Tbilisi

14 April, 2025 | Health & Wellness | 135 seen

For the past few years, we have been proud members of the Gladius Jiu Jitsu Club in Tbilisi, Georgia. It all started when we decided to enroll our then 4-year-old daughter in their kids’ jiu jitsu program. What began as a way to channel our little one’s boundless energy has turned into a rewarding journey that we’ve stuck with ever since. 

At the heart of our experience is our coach, Mr. Giorgi, a truly remarkable individual. Not only is he a highly skilled martial artist with a deep understanding of jiu jitsu, but he’s also a genuinely great guy who makes every session enjoyable. 

What’s fascinating about Mr. Giorgi is that he balances his passion for teaching martial arts with a day job at the National Bank of Georgia. During breaks or after classes, I sometimes find myself chatting with him about bonds or equity. His insights are always sharp, and it’s a bonus to connect with someone who shares an interest in finance while guiding my kiddo to success on the mats.

For most of our time with Gladius, the club was based in the Vere neighborhood of Tbilisi. It was a cozy spot that served us well, but in 2025, the club moved to new premises on Pavle Aslanidi Street. 

Our schedule with Gladius is a bit of a mixed bag for us. Lessons are held twice a week—Friday evenings and Saturday afternoons—which works well with school and work but sometimes clashes with our preference for short weekend trips. We’d love it if the sessions weren’t on weekdays, freeing up our Fridays for getaways, though we make it work and truly appreciate what we’ve got, especially during the winter season when indoor activities shine. Occasionally, extra sessions pop up on Sundays, which are a treat for the kids who can’t get enough of the sport. Since starting, our kiddo has already participated in two tournaments, and watching them step onto the mat with confidence has been one of our proudest moments as parents.

The classes are taught in a mix of Georgian, English, and Russian, which creates an inclusive atmosphere and helps the kids pick up some extra language skills along the way.

While my kiddo is busy rolling and learning techniques, I often spend Friday evenings trading options—especially since it’s options expiry day. It’s become a little ritual: they exercise their body and mind on the mats, and I exercise my focus in the markets. 

Jiu jitsu has been a game-changer for our little one, and the benefits go far beyond physical fitness. Here’s why we think it’s such a fantastic activity for kids:

• Confidence and Self-Esteem: Learning to grapple and defend themselves has given our kiddo a quiet confidence that shines in everyday life. Mastering new techniques and earning stripes on their belt boosts their sense of accomplishment.
• Discipline and Focus: Jiu jitsu requires patience and concentration, qualities that have spilled over into schoolwork and home routines. Following Mr. Giorgi’s instructions and sticking to the drills has taught them the value of perseverance.
• Physical Health: It’s a full-body workout that builds strength, flexibility, and coordination. Our once-restless 4-year-old now has an outlet for all that energy, and they’re healthier for it.
• Social Skills: Training with other kids fosters teamwork and respect. Our kiddo has made friends at Gladius, and they’ve learned how to communicate and cooperate in a group setting.
• Self-Defense: While we hope they never need it, knowing practical self-defense techniques gives us peace of mind. Jiu jitsu empowers kids to protect themselves in a controlled, safe way.
• Fun and Engagement: Above all, it’s fun! The playful yet structured environment keeps them excited to come back week after week.

Gladius Jiu Jitsu Club has been a constant in our lives for years now, and we’re thrilled to see how it’s shaped our kiddo into a stronger, more confident individual. And for me, it’s a chance to blend my love of trading with cheering on my little martial artist—a win-win in my book!

Week 1 / How I'm Generating Options Premium with NVDA Covered Calls

10 April, 2025 | | 147 seen

As of April 10, 2025, the value of our covered call stock portfolio stood at $5,219.50, reflecting a -28.65% decrease year-to-date. Despite the broader market volatility and economic headwinds, I'm doubling down on a focused strategy to stabilize and grow the portfolio.

This week I was managing a covered call on NVIDIA. Currently we are holding 100 shares of NVDA, acquired at an average buy price of $118.22 (using margin), though due to previously collected option premiums, our effective break-even point was already $109.31.

The core rationale? NVDA’s dominant position in AI, data centers, and gaming graphics continues to give it long-term upside. Concentrating our capital and covered calls on this name allows us to develop a tighter feedback loop of premium income and stock appreciation.

On April 10, the day before our existing options expiry, I decided to roll up and away this covered call position:

• Bought back the April 11 $104 call for $5.18
• Sold the April 17 $105 call for $6.53
• Net premium collected: $1.33 per share
• New effective break-even: $107.98

This roll gave me more breathing room in case of a bullish move in NVDA while still collecting solid premium. It also incrementally moved me toward my target of owning shares outright, funded by option income.

These trades are currently financed using margin, and my total margin debit stands at -$6,739. While margin adds leverage and risk, it also enables premium capture while gradually building our NAV. The goal is clear: generate enough options income over the next 12 months to fully own 100 NVDA shares, debt-free. 

If we might average $130 per week it would ask 51.83 weeks to fully cover debt (not counting in margin)

Stay ahead of the market — subscribe to Covered Calls newsletter and never miss an update!

Aix-en-Provence station

8 April, 2025 | Railway / Bus / Ferry | 48 seen

Aix-en-Provence railway station is one of two serving the city of Aix-en-Provence in the Bouches-du-Rhône department of southeastern France. The other station, served by long-distance high-speed TGV trains on the LGV Méditerranée line, is Aix-en-Provence TGV, and lies about 12 km southwest of the city centre.

Amodest yet charming stop on the TGV line, sits just outside the picturesque Provençal town it’s named after. Unlike the grand hubs of Paris or Marseille, this station feels quieter, more intimate, with its sleek modern design and a backdrop of rolling hills. It’s a junction for travelers heading across southern France, offering a brief pause amid the region’s sunlit beauty. For me, though, it became the scene of an unexpected detour.

During my latest trip from Paris to Marseille in 2023, I accidentally stepped off the train here, mistakenly thinking I’d arrived at Marseille already.

 The station’s unassuming platform caught me off guard—no bustling crowds or coastal vibes to signal my true destination. Realizing my error, I had to scramble for a solution, eventually ordering a Bolt taxi for around €50 to cover the final stretch to Marseille. It wasn’t the welcome to Provence I’d planned, but it gave me a moment to take in Aix-en-Provence station. As I waited, I noticed the familiar comforts of a Paul cafeteria and a Starbucks tucked inside—small anchors of normalcy amid my mix-up.

Looking back, that unplanned stop added a quirky twist to my journey. Aix-en-Provence station may not have been my goal, but it left its mark: a reminder to double-check the signs and a story to laugh about over coffee—whether from Paul or Starbucks.

How To Fix Overexposed video after Adobe Premiere Pro Export

7 April, 2025 | Digital Photography School | 2,242 seen

While working on my latest short documentary about our travels in India, I ran into a frustrating issue: after exporting the final video, it was completely overexposed and unwatchable. The scene of us visiting the Taj Mahal was adorable—except the Taj Mahal itself was barely visible, washed out in a sea of bright white.

After spending hours trying to figure out what went wrong, I finally stumbled upon a surprisingly simple solution.

The footage was shot using an iPhone and a DJI Mavic Air drone in 4K

Taj Mahal scene after default export

Taj Mahal scene fixed

Solution:

Turns out it has somehow related to shooting in HDR format, you can individually adjust settings for scenes from the bin in the left by right-click > Modify > Interpret footage

As I was working with a large about 25 minutes movie with hundreds of scenes, I copied all the scenes from the sequence (CMD+A -> CMD + C) to the new sequence (CMD + V), making sure that the settings for new sequence are enabled for Rec.709 (and not Rec.200)

On mac for export you can use CMD+M to compare actual footage with export

Longer version:

This is a common problem, often tied to color space mismatches or export settings, especially with footage from modern devices like iPhones or cameras shooting in HDR (e.g., HLG or Rec. 2100). Here’s a step-by-step guide to fix it:

1. Check Color Space Compatibility

• Why It Happens: If your footage is shot in an HDR color space (like Rec. 2100 HLG or BT.2020), Premiere Pro might misinterpret it in an SDR (Rec. 709) sequence, or the export settings might not match the source, causing overexposure.
• Fix It:
  • In the Project Panel, right-click your clip and select Modify > Interpret Footage.
  • Under Color Management, set the Color Space Override to Rec. 709 (if your export is SDR) or match your intended output (e.g., Rec. 2100 HLG for HDR).
  • Go to Sequence > Sequence Settings and ensure the Working Color Space matches your footage or desired output (e.g., Rec. 709 for SDR or Rec. 2100 HLG for HDR).

2. Adjust Export Settings

• Why It Happens: Exporting with mismatched color settings (e.g., HDR footage in an SDR preset) can blow out highlights.
• Fix It:
  • Go to File > Export > Media.
  • In the Export Settings window, under the Video tab, scroll to Encoding Settings.
  • Set Export Color Space to match your sequence (e.g., Rec. 709 for SDR or Rec. 2100 HLG for HDR).
  • If using H.264 or HEVC, avoid default presets like “YouTube 1080p” unless you tweak them. Instead, use Match Source and adjust manually if needed.
  • Check Render at Maximum Depth and Use Maximum Render Quality for better color fidelity.

3. Use SDR Conform (For HDR Footage in SDR Projects)

• Why It Happens: HDR footage in an SDR timeline can look fine in Premiere but overexpose on export if not converted properly.
• Fix It:
  • Select your clip in the timeline.
  • Go to the Effects Panel (Window > Effects), search for SDR Conform, and apply it to the clip.
  • In the Effect Controls Panel, adjust the Luminance Mapping to tame highlights (start with defaults and tweak as needed).

4. Test with a Different Media Player

• Why It Happens: Some players (e.g., Windows Photos) mishandle color profiles, making exports look overexposed even if they’re correct.
• Fix It: Re-import the exported file into Premiere Pro or play it in a reliable player like VLC to confirm the issue isn’t player-related.

5. Pre-Export Adjustment (Workaround)

• Why It Happens: If the export process itself is altering exposure, you can compensate beforehand.
• Fix It:
  • Add an Adjustment Layer (Project Panel > New Item > Adjustment Layer) over your timeline.
  • Apply the Lumetri Color effect to the layer.
  • Reduce Exposure or adjust Highlights and Whites until the preview looks balanced.
  • Export again and check the result.

6. Convert Footage Before Import (If Needed)

• Why It Happens: Some codecs (e.g., HEVC from iPhones) cause Premiere compatibility issues.
• Fix It: Use a tool like HandBrake or Shutter Encoder to convert your footage to a more compatible format (e.g., ProRes or H.264 in Rec. 709) before importing into Premiere.

Quick Checklist

• Match your sequence and export color spaces to your footage (Rec. 709 for SDR, Rec. 2100 HLG for HDR).
• Avoid default export presets without verifying color settings.
• Test exports on multiple devices/players to rule out display issues.

Hope it helps:

Jvari monastery, Shio-Mghvime & Kavtiskhevi

4 April, 2025 | Living in Georgia | 33 seen

With spring kicking into high gear, we hit the road last weekend for a mix of adventure and downtime. F

irst up, we swung by Jvari and Shi-Mghvime monasteries—two spots that vibe with history and quiet beauty.

 Then, we kicked back at Kavtiskhevi resort, soaking in the calm. Things got wilder at Gori’s fish market, where, believe it or not, someone snagged an octopus. To cap it off, we torched some old papers—call it a symbolic reset. Want the full scoop? Go watch it now!

March 2025 Stock Portfolio Update ($7,124)

2 April, 2025 | Investments | 45 seen

At the end of March 2025, the total value of our stock portfolio was USD 7,124 (€6,594 ). What is about -13.86% decrease if compared to the previous month. In dollar terms we lost -$1,147. Ouch. The loses come both from the happenings in overall stock market and from some over-leveraged trades with options. More on that bellow.

During the month of March we stayed in Georgia, the temperatures in mid March were hovering above +26, we did a few memorable roadtrips, like to David Gareja and even to Gori. Besides that kiddo was attending Jiu Jitsu for most of the weekends here in Tbilisi.

now, back to the stocks:  

Stock Portfolio

YTD our stock portfolio has dipped -1.3%, still outperforming SP500 slightly (-4.59%). Last month we got hit hard by over-leveraged options positions, and took loss of about $1,000 from closing short put on Morgan Stanley. 

To realign my portfolio and regain momentum, I’ve opted to consolidate my investments into a single stock: NVDA. At least for a while. The ascent of a robotics-driven future may carry unsettling implications, but securing ownership in its vanguard could mitigate the downside while positioning me to capitalize on the upside.

Stocks Sold in March:

To better oversight portfolio and focus I decided to sell of positions which have generated profit but are rather small in position size, thus not potential candidates for covered call writing. Most are great names and will definitely return back to some of them in the future.

• BMY: Fully exited my position, selling all 7.25 shares.
• BTI: Sold all 1 share, closing my position.
• BUD: Liquidated my entire holding of 0.2 shares.

The long term plan is sell most of the stocks, while keeping only NVDA and few others (AAPL, BP, DB and BAC).

Stocks Bought in March:

In March we had following buys.

• Apple Inc. (AAPL): Acquired an additional 1.2 shares, bringing my total holdings to 3.1 shares.
• Deutsche Bank (DB): Acquired an additional 4 shares, totaling 25 shares.
• McDonald's Corp. (MCD): Expanded my position by 0.5 shares, bringing my total to 3.4 shares.
• NVIDIA Corp. (NVDA): Added 90.5 share, increasing total holdings to 95.75 shares.

Options Trades

This March, I was selling both puts and calls on NVDA, MS, INTC, F and DB

The focus has been shifted to selling only covered calls on NVDA and other tickers which we have fully paid at least 100 shares (INTC, F). No more naked puts. 

Gross total from options premium in February: $1,148

Dividend Income

Our current yearly dividend from the portfolio stands at  $181.68 yielding 1.04%. Compared tho previous month our projected yearly dividend has decreased by -$2.85, which can be attributed to the sell of high paying dividend stocks, like BMY

While the total dividend is not yet enough to retire comfortably, it is a solid foundation upon which we can build.

I believe by the end of the year we should be able to push our dividend portfolio to $250-$300/yearly

Plans for April 2025

For the month of April, I'm looking to sell covered calls with NVDA while bumping up little by little our stock portfolio with AAPL, DB and MCD. 

Back in March, I restarted my Covered Calls with Reinis Fischer newsletter, where I'm sharing more about our options trades. If you haven’t yet, subscribe and receive an article straight in your inbox. At the end of March there were 145 subscribers out of them 1 was paying member.

How was your investments performing in the month of March? Leave a comment!