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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