As of August 28, 2026, our stock portfolio closed at $13,735, marking a 1.95% increase week over week.

This week’s biggest event was undoubtedly NVIDIA’s earnings report. NVDA delivered another strong quarter, reporting $96.2 billion in revenue, up 106% year over year, while Data Center revenue surged 117% to $89.0 billion. The company also guided for approximately $108 billion in revenue next quarter, reinforcing the strength of the underlying AI demand story.

The results helped push NVDA comfortably above the $220 level, taking significant pressure off our existing credit spreads. With the stock holding up well, I continued selling additional short-dated weekly NVDA credit spreads to generate premium.

At the same time, since this was the final week of August and our portfolio already carries quite a few open positions, I deliberately avoided opening any additional positions elsewhere. For now, the priority is managing existing exposure rather than adding unnecessary risk.

The portfolio is now up 32.03% year to date, comfortably ahead of both the S&P 500 (+13.26%) and NVDA (+19.49%).

Current Options Positions

• NVDA SEP 4, 2026 212.5/202.5 Bull Put Credit Spread

• BAC SEP 18, 2026 60/55 Bull Put Credit Spread

• ARCC Sep 18, 2026 16 Cash-Secured Put

• HEL STERV SEP 18, 2026 8.5 Cash-Secured Put (EUR)

• NFLX OCT 16, 2026 82.5/95 Bear Call Spread

• BMY OCT 16, 2026 57.5/52.5 Bull Put Credit Spread

• LHA FRA DEC 18, 2026 7 Cash-Secured Put (EUR)

• NVDA Jun 17, 2027 $125 Covered Call

• NFLX Dec 17, 2027 64 Cash-Secured Put

Total options premium collected this week reached $48.

Part of the premium income was reinvested directly into the portfolio through the purchase of 0.1 share of NVDA and 0.1 share of NFLX

The current margin balance has decreased slightly to −$2,462. At the current weekly premium of around $48, it would take roughly 51 weeks to eliminate the margin debt - and that assumes none of the premium is reinvested into shares.

Looking ahead to next week, the main focus will remain the NVDA $212.5/$202.5 bull put spread. As we move into September, I expect activity to pick up around the September 18 expiration, which should also bring higher option premiums.

One position that continues to require close attention is our NFLX bear call spread. If NFLX moves above $82.50, the position becomes more problematic because we do not own the underlying shares to cover assignment. In that scenario, I would need to adjust or roll the spread, which is already part of the risk-management plan.

I have also been considering a more unconventional hedge: using NFLX-linked futures or perpetual contracts on a crypto exchange to offset some of the directional exposure. For now, though, that remains only an idea rather than an active part of the strategy.

Should and of the positions comes under renewed pressure, the plan is to roll it forward - ideally for a net credit - while keeping the risk controlled. Assignment remains a possible outcome, and if it happens, the next chapter of the strategy may involve covered-call writing on NVDA.

Meanwhile, the school year has already started in Tbilisi, so we’ll be arriving a few days late. We probably won’t return to our cottage until the end of March, so before leaving I installed a solar-powered surveillance camera.

Now, hopefully, we’ll be able to watch from afar as the garden changes colors, the seasons come and go, and the deer feast on our cherry trees. Hopefully, that’s the most exciting thing the camera will capture!

Now back to the portfolio - the past week has been no less exciting.

As of August 21, 2026, our stock portfolio closed at $13,472, which is a small decrease by -0.99% if compared to previous week.

At the beginning of the week, I rolled our NVDA credit spread forward and down, managing to lower the short strike from $212.50 to $200 with just one additional week to expiry. With NVDA earnings coming next week, I’m seriously considering rolling once more before the announcement, as earnings can always bring an unpleasant surprise.

Another interesting — and increasingly challenging — trade has been NFLX. The stock suddenly broke above $80, which is great for our underlying bullish position. The problem is that just a few weeks ago, when NFLX was struggling, I sold a bear call spread above our put position. Now Netflix has found a completely different way to challenge me. I rolled the call spread higher and further out, this time to the October expiry.

I also rolled our Lufthansa put forward and down. The German airline has put a small dent in the portfolio recently, but for now the position remains manageable.

The portfolio is now up 28.55% year to date, comfortably ahead of both the S&P 500 (+11.86%) and NVDA (+14.14%).

Current Options Positions

• NVDA AUG 28, 2026 200/185 Bull Put Credit Spread

• BAC SEP 18, 2026 60/55 Bull Put Credit Spread

• ARCC Sep 18, 2026 16 Cash-Secured Put

• HEL STERV SEP 18, 2026 8.5 Cash-Secured Put (EUR)

• NFLX OCT 16, 2026 82.5/95 Bear Call Spread (Rolled forward and up)

• BMY OCT 16, 2026 57.5/52.5 Bull Put Credit Spread

• LHA FRA DEC 18, 2026 7 Cash-Secured Put (EUR) (Rolled forward and down)

• NVDA Jun 17, 2027 $125 Covered Call

• NFLX Dec 17, 2027 64 Cash-Secured Put

Total options premium collected this week reached $124.82. That slightly beats last week’s income, but it is still quite modest.

Part of the premium income was reinvested directly into the portfolio through the purchase of 0.1 share of NVDA and 0.1 share of NFLX

The current margin balance has decreased slightly to −$2,479. At the current weekly premium of around $124, it would take roughly 20 weeks to eliminate the margin debt - and that assumes none of the premium is reinvested into shares.

Over the next few weeks, I doubt the weekly options premium will even reach $40, which means the actual repayment period is likely to be longer.

Looking ahead to next week, the main focus will remain the NVDA $200/$185 bull put spread

Should and of the positions comes under renewed pressure, the plan is to roll it forward - ideally for a net credit - while keeping the risk controlled. Assignment remains a possible outcome, and if it happens, the next chapter of the strategy may involve covered-call writing on NVDA.

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This week, I opened several new positions, despite saying over the past few weeks that I would probably avoid doing so.

I reintroduced Bank of America stock to both the stock and options sides of the portfolio. Today, I also opened a new cash-secured put position in the Finnish forestry company Stora Enso.

You can read more about my reasoning behind both positions here:

• Why I Bought Bank of America Stock After Selling a Cash-Secured Put

• From Clearing Bushes to Selling Stora Enso Put Options: An 11.65% Annualized Trade

On a year-to-date basis, the portfolio is up 25.79%, outperforming both the S&P 500 (+10.37%) and NVIDIA (+11.24%).

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The U.S. stock market week was shortened, with markets closed on July 3 in observance of the July 4th Independence Day holiday.

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Over the past week, I traveled to Dublin, Ireland, where I combined family time, sightseeing, and a bit of investing research.

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On a year-to-date basis, the portfolio is now up 22.48%, outperforming both the S&P 500 (+9.26%) and NVDA (+15.39%).

NVDA Earnings Reaction and Portfolio Impact

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On a year-to-date basis, the portfolio is now up 18.95%, outperforming the S&P 500 (+8.18%), though still slightly trailing NVDA itself, which gained +20.38% over the same period.

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