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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