Week 12 / AI-Fueled NVDA Surge Lifts Portfolio +2.59% This week —But Is a Pullback Near?
As of June 27, 2025, our covered call stock portfolio stood at $7,380, another g+2.59% week-over-week increase (+$186). Year-to-date, we are still down -5.50%.
This week, we collected $46 from selling options, what is under with our goal to generate at least 1% weekly in options premium (0.62 % this week).
Our portfolio remains concentrated around NVDA stock. On Friday we successfully closed a put credit spread on NVDA that expired worthless, allowing us to retain the full premium. Continuing our premium collection strategy, we’ve initiated a new credit spread set to expire next week.
I'm currently holding one covered call on NVDA with a $110 strike price expiring on August 15, which is significantly deep in the money. If we allow the shares to be called away at expiry, this would lock in an unrealized profit of approximately $4,700.
NVDA on Fire
NVDA stock is on fire—this week it surged well above the $155 mark, breaking through multiple resistance levels with ease. The relentless momentum has been fueled by AI-related optimism and bullish sentiment, leaving many market participants wondering just how high it can go before a meaningful correction kicks in. With valuations stretching and implied volatility elevated, we’re staying nimble and watching closely for potential reversal signals.
While we remain confident in NVDA’s long-term outlook, such sharp upward moves often precede consolidation or pullbacks. Our strategy, including covered calls and weekly credit spreads, allows us to continue benefiting from elevated premiums while maintaining a core long position.
Current positions
NVDA Jul 03 150/143 Put Credit Spread
NVDA Aug 15, 2025 $110 Covered Call
While our long-term intention is to hold NVDA shares, we utilize weekly put credit spreads to generate additional income. Ideally, we plan to manage the covered call by rolling it out over time, preserving our position while continuing to collect premiums.
One of the primary goals of our covered call stock portfolio is to gradually reduce debt while maintaining a long position of 100 shares in NVDA. Notably, we earned $46 in options premium this week. If we can consistently average that amount, it would take approximately 127 weeks to fully eliminate our margin debt of $5,887.
Looking ahead to next week, I’ll need to closely monitor the NVDA $150 put. If it’s challenged, I may need to either roll it out or consider closing the $110 covered call position.