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.
Never miss an update! Get weekly insights delivered to your inbox—subscribe to the Covered Calls with Reinis Fischer newsletter
