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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