Week 25 / NVDA Covered Call, BMY Spread Risk, UBER Spread, MCD Added
As of September 26, 2025, our covered call stock portfolio has reached $8,807, slightly decreasing by -0.58% (-$50). Year-to-date, the portfolio is up +12.75%. Technically, last week’s drop might be attributed to USD/EUR exchange rate fluctuations, as our base currency is set to EUR and we are therefore affected by forex movements.
This week, we collected $92 from selling options, what is well above my goal to generate at least 1% weekly in options premium (1.04% this week).
This was a relatively slow week with no major swings, unlike in the Terramatris crypto hedge fund, where we experienced a 17% drop. One troubled trade appears to be the credit spread on BMY, with the price falling below our strike. Since there are still about two weeks until expiry, I will monitor it closely and, if necessary, roll it down and forward, preferably for a credit.
Last week also put some pressure on our MCD shares. In general, I am against buying stocks on margin while we are still paying off debt, but this week I decided it wouldn’t do much harm to add 0.1 MCD shares to the portfolio. We now have a small position in place, gradually working towards 100 shares.
Lastly, our previous Uber credit spread expired worthless, and I decided to sell another spread
We keep 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 $6,200.
I’m already considering rolling this position up and out to at least the 115 strike, likely with a March 2026 expiry, to collect additional premium—but I may wait a few more weeks before making the move.
Current positions
NVDA Oct 3, 2025 170/165 Bull Put Credit Spread
2X BMY Oct 10, 2025 45/42 Bull Put Credit spread
UBER Oct 24, 2025 89/85 Bull Put Credit Spread
NVDA Dec 19, 2025 $113 Covered Call
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 $92 in options premium this week. If we can consistently average that amount, it would take approximately 54 weeks to fully eliminate our margin debt of $5,040.
Looking ahead to next week, I will be closely monitoring the NVDA $170 put spread. Should any of our positions come under pressure, the plan is to roll them forward—ideally for a credit.