Greetings from Riga International Airport—writing this while waiting for our flight to Berlin, Germany. We spent an amazing week in Latvia working on our frame house. I (almost) finished the kitchen by installing the cabinets, while my better half planted more than 40 peonies in the garden. The kiddo had an amazing time too. Awesome.
As of April 10, 2026, our options trading driven stock portfolio increased by +3.38%, closing at $11,880.
This week was dominated by news about the Strait of Hormuz—first reopening, then closing again—as the Iran war continues to escalate unpredictably. On the positive side, the dollar weakened against the euro, giving our portfolio an additional boost this week.
NVDA reclaiming the $180 level supported the overall portfolio.
On a year-to-date basis, the portfolio is up 13.19%, outperforming both the S&P 500 (-0.28%) and NVDA (+0.39%).
Current options positions:
- NVDA Apr 17, 2026 177.5/167.5 Bull Put Credit Spread
- 2x BMY Jun 18, 2026 50/46 Bull Put Credit Spread
- PFE May 15, 2026 25 Cash-Secured Put
- NVDA Nov 20, 2026 $120 Covered Call
Using premium collected from NVDA credit spreads, we added another 0.1 shares of NVDA and 0.5 PFE shares The approach remains consistent: use options income not just for cash flow, but to steadily compound the underlying position.
A key objective of this covered call portfolio is to gradually reduce margin debt while maintaining a core holding of 100 NVDA shares. This week, we generated $55 in options premium.
If we can maintain a similar pace, it would take roughly 63 weeks to eliminate the current margin debt of -$3,468.
The goal is straightforward: reduce and ideally eliminate this margin debt during 2026 without selling core positions.
Looking ahead, I’ll be closely watching the NVDA $177.5/167.5 put spread. If any position comes under pressure, the plan is to roll forward, preferably for a net credit.
I’m also opening a limited number of private coaching sessions. If you want hands-on guidance with covered calls, cash-secured puts, dividend income or navigating the stock market, you can book a session.
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