Blog Archive: August 2025
Week 21 / $98 Premiums, NVDA Volatility, and DOCU Position
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As of August 29, 2025, our covered call stock portfolio stood at $8,504, what is another weekly increase of +1.81% (+$150). While Year-to-date, our portfolio is +8.87%. Awesome!
This week, we collected $98 from selling options, what is slightly above my goal to generate at least 1% weekly in options premium (1.15% this week).
Our portfolio remains concentrated in NVDA stock, and this week proved especially volatile due to NVDA’s earnings report on August 27. Fortunately, all of our options positions expired worthless, allowing us to move forward without setbacks.
In addition, I explored DocuSign this week and decided to take a small position. We initiated a bull put spread to test the waters, while also adding 0.5 shares to our long-term portfolio.
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 Sep 5, 2025 165/155 Bull Put Credit Spread
- DOCU Sep 5, 2025 66/60 Bull Put Credit spread
- NVDA Dec 19, 2025 $113 Covered Call
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 $98 in options premium this week. If we can consistently average that amount, it would take approximately 55 weeks to fully eliminate our margin debt of $5,416.
Looking ahead to next week, I will be closely monitoring the NVDA $165 puts. DOCU also warrants attention with its upcoming earnings report scheduled for September 4. Should any of our positions come under pressure, the plan is to roll them forward—preferably for a credit.
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Week 20 / Tbilisi Life & NVDA Stock Update: Covered Calls Portfolio +0.9% This Week
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Greetings from Tbilisi, Georgia! Today, we attended the open afternoon at the British International School of Tbilisi. Our kiddo is already in Year 3—time really flies! For the next academic year, the head teacher will be joining us from Wales. So instead of the usual leprechauns, we’ll now be surrounded by dragons and fairies. And with just a few more weeks left, summer will officially come to an end.
Besides that, this week was quite turbulent for our stock portfolio. With the upcoming earnings report for NVDA scheduled next week, there were noticeable price movements. To stay safe, I decided to roll out and forward positions already in the middle of the week. Nevertheless, the week ended strong, and we locked in some nice weekly gains for the portfolio.
As of August 22, 2025, our covered call stock portfolio stood at $8,353, what is a decent increase of +0.9% if compared to previous week (+$74). While Year-to-date, we our portfolio is +6.94%. Awesome!
This week, we collected $112 from selling options, what is well above my goal to generate at least 1% weekly in options premium (1.34% 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 $6,400.
Current positions
- NVDA Aug 29, 2025 167.5/155 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
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 $112 in options premium this week. If we can consistently average that amount, it would take approximately 49 weeks to fully eliminate our margin debt of $5,477.
Looking ahead to next week, I’ll be keeping a close eye on the NVDA $167.5 puts. If the position gets challenged, I plan to roll out, preferably for a credit.
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Week 19 / $155 from NVDA & UBER Trades, Margin Debt Payoff in Sight
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Greetings from Tsikhisdziri, Georgia! This week, we decided to extend our holiday with a five-day stay at a friend’s aparthotel on the Black Sea, near Batumi, after returning from Thessaloniki. Life is beautiful.
Besides that, it was another great week for my covered call stock portfolio, with exotic Swedish SEB Bank, Finnish Neste, and BMY put options expiring worthless — bringing me back to trading NVDA options.
As of August 15, 2025, our covered call stock portfolio stood at $8,278, what is a decent increase of +2.07% if compared to previous week (+$168). While Year-to-date, we are already at +5.99%. Awesome!
This week, we collected $155 from selling options, what is well above my goal to generate at least 1% weekly in options premium (1.87% 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 $6,700.
Current positions
- NVDA Aug 22, 2025 172.5/165 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
Additionally, while still in Greece, I got scammed a few times by Uber taxi drivers and decided to take a proactive stance by selling put options on UBER stock. In the end, I collected about $95 (a nice bump in weekly options premiums) — enough to cover my travel expenses back in Thessaloniki.
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 $155 in options premium this week. If we can consistently average that amount, it would take approximately 36 weeks to fully eliminate our margin debt of $5,585.
Looking ahead to next week, I’ll be keeping a close eye on the NVDA $172.5 puts. If the position gets challenged, I plan to roll out, preferably for a credit.
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Week 18 / 40th Birthday in Thessaloniki: BMY Credit Spreads, and a Heineken Twist
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Greetings from Thessaloniki, Greece! This week, I’m celebrating my 40th birthday surrounded by fine cuisine, a light sea breeze, and surprisingly good house wine. If there’s a hidden gem in Europe, Thessaloniki is certainly one of them.
Travel brings inspiration—and new ideas. This week was one of those moments. I took a step back from my usual NVDA trades and instead opened new positions in Heineken and BMY. The result? Additional EUR income and an increased USD allocation in our dividend stock portfolio.
As of August 8, 2025, our covered call stock portfolio stood at $8,100, what is a decent increase of +3.85% if compared to previous week (+$300). While Year-to-date, we are already on positive +4.78%. Awesome!
This week, we collected $118 from selling options, what is above my goal to generate at least 1% weekly in options premium (1.45% 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
- 2 x BMY Aug 15, 2025 45/42.5 Put Credit Spread
- NVDA Dec 19, 2025 $113 Covered Call
With NVDA trading above $180, I’m cautious. Rather than selling additional put options at these elevated levels, I decided to take a more defensive stance. This week, I shifted focus to BMY and opened two credit spreads. The premiums collected were enough to fully cover the purchase of one BMY share, which adds both value and stability to our dividend portfolio—with a quarterly payout of $0.62 per share.
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 $118 in options premium this week. If we can consistently average that amount, it would take approximately 49 weeks to fully eliminate our margin debt of $5,697.
Looking ahead to next week, I’ll be keeping a close eye on the BMY $45 puts. If the position gets challenged, I plan to roll out rather than take assignment immediately. I also don’t intend to re-enter any NVDA put trades while the BMY position is active.
As for the Heineken trade—let’s call it more of a playful move, inspired while sipping a Fischer beer in Thessaloniki.
Aside from enjoying their beer, there’s a personal connection—my great-great-grandfather also owned a brewery in Goldigen, present-day Latvia.
The Fischer brewery was founded in 1821 in Strasbourg, in the Alsace region in France, and moved to Schiltigheim in 1854, because of the water quality there. In 1922, they took over the neighbouring Adelshoffen brewery and became "Groupe Pêcheur" (the French translation of the German "Fischer"). "Groupe Pêcheur" was in turn taken over by Heineken in 1996.
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Week 17 / Boring but Profitable: Weekly NVDA Credit Spread Expires Worthless, Again
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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.
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