As of April 24, 2026, our options trading driven stock portfolio decreased slightly by -0.72%, closing at $12,101. Since the portfolio’s base currency is EUR, the dip is partly due to USD strengthening by about one cent, now trading around 1.17 against the euro.
NVDA has jumped well above 200, making our options trades more challenging. As a put seller at heart, I’m always cautious about such strong rallies—they make it harder to structure attractive cash-secured puts, as the risk of a sharp pullback increases.
On a year-to-date basis, the portfolio is up 15.38%, outperforming both the S&P 500 (+4.43%) and NVDA (+10.87%).
Current options positions:
- NVDA May 1, 2026 195/185 Bull Put Credit Spread
- 2x BMY Jun 18, 2026 50/46 Bull Put Credit Spread
- PFE May 15, 2026 25 Cash-Secured Put
- DBK FRA JUN 19, 2026 24/20 Bull Put Credit Spread
- NVDA Nov 20, 2026 $120 Covered Call
Using premium collected from NVDA credit spreads, we added another 0.1 shares of NVDA. The approach remains consistent: use options income not just for cash flow, but to steadily compound the underlying position. Already holding 102 NVDA shares.
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 $67 in options premium.
If we maintain a similar pace, it would take roughly 50 weeks to eliminate the current margin debt of -$3,398. It may become harder to reduce the debt in 2026, but a few weeks more or less won’t make a significant difference. It’s also possible that we get assigned at some point, which could cause the margin debt to increase again.
Looking ahead, I’ll be closely watching the NVDA $195/185 put spread. If any position comes under pressure, the plan is to roll forward, preferably for a net credit.
Today I also attended the RWA Tokenization event organized by DGFI and Forbes Georgia, representing the Terramatris crypto hedge fund. I had the opportunity to connect with several brokerages, HNWIs, and family offices. Interestingly, many things considered retail in the US are treated as institutional in this region.
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