Blog Archive: July 2025
Week 16 / Rolling Covered Calls: Why I Rolled NVDA to December for Higher Premium
| | 29 seen
As of July 25, 2025, our covered call stock portfolio stood at $7,841, another +2.69% week-over-week increase (+$205). Year-to-date, we are finally in positive territory with +0.37%. Awesome!
This week, I rolled forward and up our August 15 expiry covered call on NVIDIA, extending it to the December 19 expiry.
With this rollout, I increased the strike price by $3 and collected an additional premium of $0.60 per share. Given our long-term strategy to hold NVDA stock, I'm quite pleased with this adjustment - it aligns well with our overall goal of maximizing premium while maintaining upward exposure.
This week, we collected $101 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.28 % 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 1 165/155 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 $101 in options premium this week. If we can consistently average that amount, it would take approximately 56 weeks to fully eliminate our margin debt of $5,743. .
Looking ahead to next week, I’ll need to closely monitor the NVDA $165 put.
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Week 15 / Weekly Options Income Hits $66 as NVDA Credit Spreads Return
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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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Week 14 / WFC Credit Spread & NVDA Covered Call Strategy – Weekly Options Income Hits $83
| | 27 seen
As of July 11, 2025, our covered call stock portfolio stood at $7,582, another +1.26% week-over-week increase (+$94). Year-to-date, we are still down -2.94%.
Unlike previous weeks, this time I initiated a new credit spread on WFC (Wells Fargo), using the premium received to purchase shares of WFC itself. If not assigned, I’m considering selling additional credit spreads on WFC in the coming weeks, while using premium to offset the margin
Meanwhile, I continue to hold a deep in-the-money covered call position on NVDA.
This week, we collected $83 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.09 % 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 $5,000.
Current positions
- WFC Jul 18 79/71 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 160 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 $83 in options premium this week. If we can consistently average that amount, it would take approximately 70 weeks to fully eliminate our margin debt of $5,874.
Looking ahead to next week, I’ll need to closely monitor the WFC $79 put. If it’s challenged, I will try to roll it out preferbably for a credit
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Week 13 / Swedish Kronor & Premiums: SEB A Options Trade and NVDA Spread Fuel Gains
| | 44 seen
As of July 4, 2025, our covered call stock portfolio stood at $7,488, another +1.46% week-over-week increase (+$107). Year-to-date, we are still down -4.97%.
This week’s growth was driven by a combination of factors: the expiration of options trades on NVDA, favorable movement in the USD/EUR exchange rate (now at 1.18), and a strategic “revenge trade” on SEB A stock, which added a few Swedish Kronor to our portfolio.
This week, we collected $41 from selling options, what is under with our goal to generate at least 1% weekly in options premium (0.54 % this week).
Our portfolio remains concentrated around NVDA stock. On Thursday (Because of Independence Day) we successfully closed a put credit spread on NVDA that expired worthless, allowing us to retain the full premium. Continuing our premium collection strategy, we’ve initiated a new credit spread set to expire next week.
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 $5,000.
Current positions
- NVDA Jul 11 150/141 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.
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 $41 in options premium this week. If we can consistently average that amount, it would take approximately 143 weeks to fully eliminate our margin debt of $5,875.
Looking ahead to next week, I’ll need to closely monitor the NVDA $150 put. If it’s challenged, I may need to either roll it out or consider closing the $110 covered call position.
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