On June 6, 2026, the portfolio value declined by -2.5% compared to the previous week, reaching $12,540.

The decline was not entirely driven by stock performance. Currency movement played a role as well. The U.S. dollar strengthened against the euro, with EUR/USD moving toward approximately 1.15. Since part of the portfolio is euro-sensitive, exchange rate fluctuations can influence the reported portfolio value even when the underlying positions remain largely intact.

On a year-to-date basis, the portfolio is still up 21.07%, outperforming both the S&P 500, which gained 9.21%, and NVDA, which gained 19.32% over the same period.

NFLX Credit Spread Got Challenged

The most important event this week was the NFLX position.

My original idea was to run weekly credit spreads on two core names: NVDA and NFLX. The idea made sense in theory. NVDA had been the main engine of weekly premium income, and adding NFLX was supposed to diversify the portfolio and reduce dependence on one stock.

In practice, the NFLX trade was challenged almost immediately.

I first rolled the NFLX bull put credit spread out to a later expiration. However, as NFLX continued moving lower and the share price dipped below $82, I decided to make a larger adjustment.

Instead of continuing to manage the short-term spread, I converted the position into a cash-secured put with an August expiration while lowering the strike price to $76. The adjustment was done for additional premium.

This is a good reminder that even relatively conservative credit spreads can become uncomfortable when the underlying stock moves sharply against the position.

For readers new to this strategy, I explain the basic mechanics here: Bull Put Spread Strategy: A Complete Beginner’s Guide to Selling Credit Spreads for Income.

For now, the dual-stock weekly credit spread idea has been challenged. I am left primarily with NVDA as the weekly credit spread candidate, while NFLX has temporarily moved into the cash-secured put category.

Adding Lufthansa With a Cash-Secured Put

Another new position this week came from Lufthansa.

After booking a trip to Ireland with Lufthansa, I decided to take a closer look at the company and opened a cash-secured put on LHA shares traded in Frankfurt.

The position is:

LHA FRA Sep 18, 2026 7.6 Cash-Secured Put

This is not a weekly options income trade. It is a longer-dated position that fits more naturally into the cash-secured put and European stock part of the portfolio.

I wrote more about the Lufthansa setup here: Selling Cash-Secured Puts on Lufthansa (LHA).

Current Options Positions

• NVDA Jun 12, 2026 197.5/185 Bull Put Credit Spread

• 2x BMY Jun 18, 2026 50/46 Bull Put Credit Spread

• DBK FRA Jun 19, 2026 24/20 Bull Put Credit Spread (EUR)

• NFLX Aug 21, 2026 76 Cash-Secured Put

• LHA FRA Sep 18, 2026 7.6 Cash-Secured Put (EUR)

• ARCC Sep 18, 2026 16 Cash-Secured Put

• NVDA Jun 17, 2027 $125 Covered Call

Most of the short-term premium still comes from credit spreads, especially NVDA. Longer-dated positions such as NFLX, LHA, and ARCC are now acting more like income-generating cash-secured put positions rather than weekly trades.

Reinvesting Premium Into Shares

Using premium collected this week, I added:

• 0.1 shares of NVDA

• 0.1 shares of NFLX

This remains one of the core ideas behind the portfolio: using options premium not only for short-term cash flow, but also as a mechanism to gradually accumulate productive assets over time.

Even small weekly additions can compound meaningfully when repeated consistently.

This is why I look at the portfolio as both an income portfolio and a long-term growth portfolio. The goal is not simply to collect premium. The goal is to use that premium to slowly build ownership.

$157 in Options Premium Income

This week produced $157 in options premium income.

That number was helped by the two longer-term cash-secured puts sold or adjusted this week: NFLX and LHA.

I do not expect this level of weekly premium to continue every week. For the coming weeks, I do not currently see an easy path to consistently generating more than $100 per week without increasing risk.

This fits the broader reality of small-account options trading. A $100 weekly premium target is possible, but it is not automatic. It depends on portfolio size, market conditions, available setups, and risk management.

I discussed this topic in more detail here: Can You Really Earn $100 Per Week Selling Options?.

Margin Debt Drops Below $3,000

One positive milestone this week was the margin balance.

For the first time since starting this portfolio, margin debt dropped below $3,000 and reached approximately -$2,967.

At a sustained $157 weekly premium pace, the debt could theoretically be eliminated in roughly 19 weeks.

However, I do not want to rely on that assumption. Markets rarely stay favorable for long, and this week’s premium was boosted by longer-term adjustments, especially the NFLX roll and the Lufthansa put.

A dividend payment from Deutsche Bank also helped reduce the margin balance.

While it is encouraging to see the margin balance fall below $3,000, I still believe it is becoming increasingly unlikely that the balance will reach zero during 2026. Extending the debt-reduction timeline into 2027 remains acceptable.

The priority is not speed. The priority is survival, consistency, and avoiding unnecessary leverage.

Key Position to Watch Next Week

The main position to monitor next week is:

• NVDA 197.5/185 Bull Put Spread

If this position comes under pressure, the plan remains unchanged: roll forward whenever possible, ideally for a net credit, while prioritizing portfolio stability over short-term perfection.

I have written more about this trade management process here: How to Manage a Credit Spread When the Trade Moves Against You.

Key Takeaway

This week was a useful reminder that not every strategy works smoothly every week.

The NFLX weekly credit spread idea was challenged quickly and had to be adjusted into a longer-term cash-secured put. At the same time, the portfolio still generated $157 in premium, reduced margin debt below $3,000, and added more NVDA and NFLX shares.

That is the real purpose of this portfolio: not perfect trades, but a repeatable process.

Credit spreads, cash-secured puts, covered calls, dividends, and gradual share accumulation all work together toward the same goal: building a portfolio that can generate income while continuing to grow over time.

Related Reading

• Bull Put Spread Strategy: A Complete Beginner’s Guide to Selling Credit Spreads for Income

• Can You Really Earn $100 Per Week Selling Options?

• How to Manage a Credit Spread When the Trade Moves Against You

• Selling Cash-Secured Puts on Lufthansa (LHA)

Disclaimer: This trade journal reflects personal portfolio activity and is provided for educational and informational purposes only. It should not be considered investment advice or a recommendation to buy or sell any security, option, derivative, or financial instrument. Options trading involves risk and may not be suitable for all investors.

On a year-to-date basis, the portfolio is now up 22.67%, outperforming both the S&P 500 (+10.39%) and NVDA (+14.77%).

The portfolio was affected by NVDA’s post-earnings price fluctuations. At one point, NVDA dipped below $210, and I decided to take a proactive stance by rolling our 205/195 credit spreads early — both up and out to next week’s expiry.

The week ended strongly for NVDA, with the stock trading above $216 and entering the next options trading cycle in a much more comfortable position.

Current Options Positions

• NVDA JUN 05, 2026 200/180 Bull Put Credit Spread

• NFLX JUN 05, 2026 84/80 Bull Put Credit Spread

• 2x BMY Jun 18, 2026 50/46 Bull Put Credit Spread

• DBK FRA Jun 19, 2026 24/20 Bull Put Credit Spread

• ARCC Sep 18, 2026 16 Cash-Secured Put

• NVDA Jun 17, 2027 $125 Covered Call

NVDA has been the cornerstone of our weekly options strategy for more than a year. NFLX is a newer addition to the portfolio, and we are still evaluating whether it deserves a permanent place alongside NVDA.

One of our core objectives is to consistently generate $100+ per week through relatively conservative options-selling strategies. While the income target remains modest, we continue to refine and scale our approach. This is one reason why I have been gradually increasing position sizes and experimenting with larger allocations, while carefully monitoring risk and portfolio performance.

This week options made $77 premium income. It seems pushing above $100 weekly will be challenging at current safety levels, but I dont want to blow up account with more aggressive trades, as I’m still working to reduce the margin debt our portfolio is having.

At the current margin balance of approximately -$3,080, maintaining a sustained $77 weekly pace would theoretically eliminate the debt within roughly 40 weeks. Given the current portfolio structure and risk exposure, I’m expecting to eliminate this debt in 2027.

From options premium generated this week I bought partial shares of other companies to gradually grow our long-term dividend stock portfolio. This week, in particular, I added 0.1 NFLX and 0.1 NVDA - all financed entirely from the options premium generated during the week.

I have decided to pause adding Pfizer (PFE) or other dividend-paying stocks to the portfolio until the margin debt falls below $3,000. Reducing leverage remains the primary objective before allocating additional capital to new positions.

Key Positions to Monitor Next Week

The key positions to monitor next week will be:

• NVDA 200/180 Bull Put Spread

• NFLX 84/80 Bull Put Spread

If either position comes under pressure, the plan remains unchanged: roll forward whenever possible, ideally for a net credit, while continuing to prioritize long-term portfolio stability over short-term perfection.

Disclaimer

This article reflects personal portfolio activity and market observations for informational and educational purposes only. It does not constitute financial advice, investment advice, tax advice, or a recommendation to buy or sell any securities, derivatives, or financial instruments.

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

What a week. NVDA released earnings, and the stock price cooled off a bit…

Read more

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.

This week was largely driven by a massive rally in NVDA stock…

Read more

NVDA stock surged above $215, and our previous week’s credit spreads expired worthless. I opened a new position for next week’s expiry. After such steep upward moves, I’m always cautious about placing fresh trades, since the probabili…

Read more

This week was one of the rare times I didn’t mind seeing NVDA drop—from $210 to below $200. As a put seller, sharp rallies are actually uncomfortable: premiums compress, entries get worse, and the risk of a sudden pullback increases. That’s ex…

Read more

NVDA has jumped well above 200, making our options trades more challenging. As a put seller a…

Read more

This week I was abroad, visiting Berlin, and paid very little attention to the stock market. I did notice NVDA jumped to around $200 - which is great, but also makes things more challenging, as selling pu…

Read more

As of April 10, 2026…

Read more

The week was shortened ahead of Easter, and market sentiment was notably influenced by developments related to the Iran conflict, which has been driving volatility through energy shocks and broader macro uncertainty. Also, as the portfolio is denomina…

Read more

The dip is largely explained by EUR/USD exchange rate movements rather than any weakness in the underlying positions. The U.S. dollar strengthened against the euro, trading around 1.15. Since our base currency is EUR, this directly impacts ho…

Read more

For most of the week, we didn’t make any trades or adjustments. On Friday, after previous spreads expired worthless, we opened two new credit spreads on NVDA and BMY.

Additionally, we bought 0.1 shares of MCD. If you’ve been following our portfol…

Read more

This is already the second week in a row that our portfolio value has decreased. However, the decline is largely explained by currency movements. Since the portfolio’s base currency is EUR, the drop should primarily be attributed to the USD/EUR …

Read more

As our portfolio’s base currency is EUR, the decrease should primarily be attributed to the USD/EUR exchange rate. The greenback strengthened against the euro and traded around 1.16.

At the start of the week, I took a proactive stance and rolled d…

Read more

Last week was NVDA earnings week, and the stock moved the market more than expected.

Earlier in the week, I decided to proactively roll our June $116 covered call up and out to a November $120 covered call. The main concern was assignment risk in case of a strong post-earnings rally. By rolling, we extended duration but improved positioning: the adjustment adds roughly $560 in additional potential income over the next nine months, including about $160 in premium received from the roll itself.

Earnings were objectively strong, yet the stock dipped. Some traders were frustrated. That reaction is understandable, but post-earnings pullbacks after good results are not unusual, especially when expectations and positioning are stretched. Markets price forward, not backward.

The larger structural risk remains the AI trade. If sentiment shifts sharply—similar to last year’s DeepSeek-driven drop that briefly pushed NVDA below $100 before a rapid recovery—we could see outsized volatility again. That scenario cannot be ruled out.

To manage downside and volatility risk, we continue selling credit spreads to systematically collect premium while actively managing positions if strikes are tested. A moderate pullback after earnings is not unhealthy. It resets positioning and premiums.

That said, volatility is likely to remain elevated. We should assume larger-than-normal swings rather than anchor to recent stability.

Our covered call portfolio is up 7.29% YTD, slightly outperforming the S&P 500 (+0.04%) and NVDA (-3.83%) YTD.

Current options positions:

• NVDA MAR 6, 2026 167.5/160 Bull Put Credit Spread

• 2X BMY MAR 20, 2026 50/46 Bull Put Credit spread

• PFE MAR 13, 2026 26 Cash-Secured Put

• NVDA NOV 20, 2026 $120 Covered Call

Read more

Growth remained intact, even after rolling PFE forward and down.

For most of the week, my focus was on NVDA, but in the end I had to adjust PFE instead — rolling it forward and lower. That’s part of the process.

NVDA earnings are still ahead next week, …

Read more

Since I couldn’t continue with weekly NVDA spread trades — having already rolled them out to the February 27 expiry — I focused elsewhere last week and reopened our PFE position.

I consider Pfizer a core dividend holding, so I initiated a bull…

Read more

Wow, what a week - this has been a very tough week for tech stocks and crypto. Our Ethereum strategy fell by an additional 15%, and we ultimately capitulated on our current leveraged positions. A clear takeaway: avoid leverage at all costs.

Unli…

Read more

Interestingly, we kept activity minimal this week the only new trades were BMY credit spreads opened today. Despite that, the NVDA-centered portfolio is clearly outperforming the…

Read more

The previous week was highly turbulent. As the market opened on Tuesday, NVDA briefly dipped below my call strike levels. Given the elevated volatility, I decided not to wait and took an early roll, pushing the position several weeks (February 6)…

Read more