The portfolio gained 0.95% during the week, bringing the total year-to-date return to 22.67%.
On a year-to-date basis, the portfolio is now up 22.67%, outperforming both the S&P 500, which has gained 10.39%, and NVIDIA, which is up 14.77%.
Most of this week's trading activity focused on NVIDIA (NVDA), which experienced considerable volatility following its earnings report. At one point, the stock traded below $210, placing pressure on my existing bull put credit spread.
Instead of waiting for the position to move closer to expiration, I decided to manage the trade early. I rolled the spread forward to a later expiration date and adjusted the strike prices higher.
The roll gave the position more time to recover while allowing me to maintain exposure to NVIDIA through a defined-risk options trade.
By the end of the week, NVDA had recovered above $216, leaving the adjusted position in considerably better shape heading into the next expiration cycle.
Current Options Positions
- NVDA Jun 5, 2026 $200/$180 Bull Put Spread
- NFLX Jun 5, 2026 $84/$80 Bull Put Spread
- 2x BMY Jun 18, 2026 $50/$46 Bull Put Spread
- DBK Jun 19, 2026 $24/$20 Bull Put Spread
- ARCC Sep 18, 2026 $16 Put
- NVDA Jun 17, 2027 $125 Covered Call
Managing the NVDA Bull Put Spread
This week's NVIDIA trade once again demonstrated that selling options requires more than simply opening a position and waiting for expiration.
Bull put credit spreads can come under pressure quickly when the underlying stock experiences a sharp decline. When that happens, rolling the position may provide additional time for the original trade thesis to work.
In this case, I preferred to adjust the spread before the position became more difficult or expensive to manage.
Rolling does not eliminate risk, and it can sometimes increase the amount of time capital remains tied up in a trade. However, when used carefully, it can improve the probability of recovery and reduce the immediate pressure created by a falling stock price.
Premium Income Generated
The portfolio generated $77.45 in options premium during the week.
Rather than withdrawing this income, I reinvested part of the premium into existing portfolio holdings:
- 0.1 shares of NVDA
- 0.1 shares of NFLX
The long-term objective remains unchanged: use options premium to gradually accumulate shares in companies I am comfortable holding over a longer period.
The individual purchases may appear small, but the strategy is based on consistency. Over time, repeated fractional-share purchases can develop into meaningful positions, particularly when supported by recurring options income.
Margin Reduction Progress
Reducing margin debt remains one of my main priorities.
The current margin balance is approximately $3,080.
Increasing the number or size of options positions could potentially generate more weekly premium. However, doing so would also increase leverage and expose the portfolio to larger losses during periods of market volatility.
For now, preserving capital and gradually reducing margin debt remains more important than maximizing short-term income.
Positions to Watch
The main positions requiring attention next week are:
- NVDA $200/$180 Bull Put Spread
- NFLX $84/$80 Bull Put Spread
Both positions remain sensitive to movements in their underlying stocks.
Should either trade come under renewed pressure, my preferred approach would be to consider rolling the position for additional time and, when market conditions allow, collecting an additional credit.
Any adjustment would depend on the remaining time to expiration, option pricing, volatility, and whether the original investment thesis remains valid.
Bottom Line
The portfolio gained 0.95% during the week and is now up 22.67% year to date.
The most important development was the adjustment of the NVIDIA bull put spread after the stock briefly fell below $210. NVDA later recovered above $216, improving the position heading into the next expiration cycle.
The portfolio also generated $77.45 in options premium, part of which was reinvested into fractional shares of NVIDIA and Netflix.
This week's activity reinforces an important lesson: successful options trading is often less about perfectly predicting market direction and more about managing risk when the market moves against an existing position.
Consistent premium collection, disciplined adjustments, gradual debt reduction, and the accumulation of long-term assets remain the foundation of the portfolio strategy.
This trade journal documents my personal trading activity for educational and informational purposes only. It should not be considered investment advice.