Week 33 / How We Earned $166 in Options Premium This Week with NVDA and BMY Credit Spreads
As of November 21, 2025, our covered call stock portfolio has slightly increased to $9,810, what is another minor weekly increase of +0.77% (+$74 if compared to the previous week. $10,000 feels so close. With disciplined risk management, we should be able to hit it by year-end - a solid springboard for 2026.
That said, our stock portfolio is performing significantly better than our crypto fund, which dropped 40% this week and is now more than 70% below its all-time high from just a few weeks ago. Surprisingly, but our NVDA-heavy covered-call portfolio continues to perform well.
As usual, most of the week we made no major moves in the portfolio. We followed NVDA’s earnings report and were prepared to roll our credit spread, but no adjustment was needed. Today we opened a new weekly NVDA credit spread. We also opened another BMY bull put credit spread with a December expiry, collecting enough premium to purchase additional BMY shares. This adds to the dividend portfolio - we now hold 5 BMY shares, all acquired using income from selling puts on the stock itself.
Current positions
NVDA NOV 28, 2025 162.5/152.5 Bull Put Credit Spread
2X BMY DEC 19, 2025 43/40 Bull Put Credit spread
SHELL DEC 19, 2025 31/28 Bull Put Credit Spread
NVDA APR 17, 2026 $115 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 $166 in options premium this week. If we can consistently average that amount, it would take approximately 27 weeks to fully eliminate our margin debt of $4,558. Watching our margin requirement shrink week after week is genuinely motivating.
We’re not expecting to repeat this level of weekly options income consistently — at least not yet. For now, the focus remains on smaller, higher-quality, and adjustable trades. Still, this week’s premium income is our highest so far, slightly surpassing the previous record from a few weeks ago.
Looking ahead to next week, I will be closely monitoring the NVDA $162.5/152.2 put spread. Should any of our positions come under pressure, the plan is to roll them forward—ideally for a credit.