Week 19 / $155 from NVDA & UBER Trades, Margin Debt Payoff in Sight
Greetings from Tsikhisdziri, Georgia! This week, we decided to extend our holiday with a five-day stay at a friend’s aparthotel on the Black Sea, near Batumi, after returning from Thessaloniki. Life is beautiful.
Besides that, it was another great week for my covered call stock portfolio, with exotic Swedish SEB Bank, Finnish Neste, and BMY put options expiring worthless — bringing me back to trading NVDA options.
As of August 15, 2025, our covered call stock portfolio stood at $8,278, what is a decent increase of +2.07% if compared to previous week (+$168). While Year-to-date, we are already at +5.99%. Awesome!
This week, we collected $155 from selling options, what is well above my goal to generate at least 1% weekly in options premium (1.87% this week).
Our portfolio remains concentrated around NVDA stock.
I'm currently holding one covered call on NVDA with a $113 strike price expiring on December 19, 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 $6,700.
Current positions
NVDA Aug 22, 2025 172.5/165 Put Credit Spread
NVDA Dec 19, 2025 $113 Covered Call
Additionally, while still in Greece, I got scammed a few times by Uber taxi drivers and decided to take a proactive stance by selling put options on UBER stock. In the end, I collected about $95 (a nice bump in weekly options premiums) — enough to cover my travel expenses back in Thessaloniki.
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 $155 in options premium this week. If we can consistently average that amount, it would take approximately 36 weeks to fully eliminate our margin debt of $5,585.
Looking ahead to next week, I’ll be keeping a close eye on the NVDA $172.5 puts. If the position gets challenged, I plan to roll out, preferably for a credit.