NFLX Rebounds, NVDA Spread Opened, $67.91 Collected
As of July 24, 2026, our stock portfolio closed at $12,897, gaining +1.63% week over week.
The portfolio’s growth was significantly supported by the recovery in Netflix (NFLX), which finally closed above $70 after trading below that level for some time.
In recent weeks, portfolio performance had been weighed down primarily by the underperforming NFLX put position, which we previously rolled to a December 2027 expiration.
This week, I also opened a bear call spread on NFLX with the aim of collecting additional options premium while maintaining a cautious short-term outlook. You can read more about the trade here: Using Bear Call Spreads to Offset Losses on a Troubled NFLX Put Position
On a year-to-date basis, the portfolio is up 26.26%, outperforming both the S&P 500 (+7.91%) and NVIDIA (+8.68%).
Current Options Positions
NVDA Jul 31, 2026 195/185 Bull Put Credit Spread
LHA FRA Sep 18, 2026 7.6 Cash-Secured Put (EUR)
ARCC Sep 18, 2026 16 Cash-Secured Put
HEL STERV SEP 18, 2026 8.5 Cash-Secured Put (EUR)
NFLX Sep 18, 2026 80/85 Bear Call spread
NVDA Jun 17, 2027 $125 Covered Call
NFLX Dec 17, 2027 64 Cash-Secured Put
After our this weeks NVDA credit spread expired worthless, I opened a new one with bit increase strike price
To generate additional income from the long-dated NFLX short put, I opened a September bear call spread and collected an extra options premium.
The trade adds another position that will require monitoring and may need adjustment if NFLX moves sharply higher. However, given the additional premium collected and the defined-risk structure, this is a level of complexity and risk I am currently willing to accept.
Total options premium collected this week reached $67.91, which is a reasonable result relative to the portfolio’s current size and the level of risk being taken.
However, consistently generating more than $50 per week may remain challenging in the coming weeks, particularly while maintaining disciplined position sizing and avoiding excessive risk.
Part of the premium income was reinvested into the portfolio by purchasing 0.1 share of NVDA and 0.1 share of NFLX.
Building the NFLX share position has become more important now that the portfolio also holds a bear call spread. If the short call is assigned, holding sufficient shares could allow us to meet the obligation by delivering the shares rather than managing an uncovered short position.
At present, however, the portfolio holds only 0.7 NFLX shares—leaving another 99.3 shares to accumulate before the position would be fully covered.
The current margin balance decreased to -$2,606, it would theoretically take about 39 weeks to eliminate the debt at this pace.
This appears to be an appropriate time to eliminate the portfolio’s margin debt, provided no unexpected black-swan event causes a major disruption.
Looking ahead to next week, I will be closely monitoring the NVDA $195/$185 bull put spread. Several of our European options positions may also require additional attention.
Should any position come under pressure, the plan is to roll it forward—ideally for a net credit—while maintaining disciplined risk management.