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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