Rolling Up and Away 1 NVDA Covered Call for a $146 Weekly Premium

Apr 16, 2025

∙ Paid

On April 16, 2025, I rolled up and forward one covered call on NVDA, a position originally opened in early March. The roll moved the expiry to April 25, 2025, and generated an additional $146 in options premium from this trade setup:

Trade Setup:

BTC 1 NVDA APR 17 '25 105 Call Option @ $1.32
SLD 1 NVDA APR 26 '25 106 Call Option @ $2.81

What happens next:

NVDA is trading below our strike price of $106 at the expiry date (April 25, 2025) — in this case, the call option will expire worthless. We keep the full premium and continue the strategy by selling more covered calls to lower our cost basis and generate consistent income.

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