Week 26 / NVDA Covered Call Roll Adds ~$300 in Six Months (Update)
As of October 3, 2025, our covered call stock portfolio has reached $9,017, what is a decent increase of +2.38% (+$209) if compared to the previous week. While YTD, the portfolio is already up by +15.44%. Technically, we’re slightly outperforming the S&P 500 this year. Practically though, wouldn’t it be simpler to just buy and hold the SPY ETF?
On the other hand, I enjoy being in the market every day—generating options premium while steadily growing our dividend stock portfolio. This week alone, we collected $148 from selling options, well above my target of at least 1% in weekly premium, reaching 1.64%
This week I finally rolled up and forward our deep in the money NVDA covered call, closing the $113 December call and opening a $115 April 26 call. The adjustment is expected to add roughly $300 to the portfolio over the next six months, or about $50 per month.
As NVDA continues breaking milestones, I decided to reinvest part of the income into an additional 0.25 shares of NVDA. While this does increase our margin balance, which I’m working to reduce as quickly as possible - I see it as a worthwhile long-term move.
Now we are holding one covered call on NVDA with a $115 strike price expiring on April 17, 2026, 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 $7,500.
Additionally, our weekly NVDA credit spread expired worthless, and I opened a new one set to expire on October 10.
Current positions
NVDA Oct 10, 2025 175.5/170 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 APR 17, 2026 $115 Covered Call
This week BMY recovered above our $45 strike, which expires next week, giving some hope for a positive outcome.
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 $158 in options premium this week. If we can consistently average that amount, it would take approximately 31 weeks to fully eliminate our margin debt of $4,940. That’s encouraging. We’re also pleased to have brought our debt down below $5K.
Looking ahead to next week, I will be closely monitoring the NVDA $177.5 put spread. And also BMY credit spread. Should any of our positions come under pressure, the plan is to roll them forward—ideally for a credit.