Week 37 / NVDA & BMY: Portfolio Up +1.11% as We Head from Tbilisi to India
As of December 19, 2025, our covered-call stock portfolio has grown by an additional 1.11% and reached $10,465. It’s genuinely exciting to be above $10K for the fourth week in a row. I was expecting to fall under $10K this week as volatility kicked in, but the result is better than expected.
Year-to-date, we’re up 33.73%, outperforming the S&P 500 by a wide margin (+16.26%). With just one calendar week left in the year, it looks like this is shaping up to be one of the best-performing years for the stock market in recent memory.
Besides activities in financial markets, 0ur kiddo wrapped up Term 1 today, and we enjoyed a lovely Christmas concert at her school in Tbilisi - just before we head to Mumbai and Goa, India, for the next three weeks.
During the week, as volatility picked up, I rolled the NVDA credit spread out and down. While today, I opened a new BMY credit spread and used part of the credit received to buy one additional share for our dividend stock portfolio—a small but meaningful contribution.
Current positions
NVDA DEC 26, 2025 170/160 Bull Put Credit Spread
2X BMY JAN 30, 2025 51/47 Bull Put Credit spread
SHELL FEB 20, 2026 29 Cash-Secured Put
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 $147 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 $4,362. I’d be quite happy to eliminate this margin debt in 2026 without selling any stock—let’s see how it goes.
Looking ahead to next week, I will be closely monitoring the NVDA $170/160 put spread. Should any of our positions come under pressure, the plan is to roll them forward—ideally for a credit.
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P.S. During the week, I got a paying subscriber to my substack newsletter ,something that hadn’t happened in about four years. I was excited and sent a quick thank-you note, which turned out to be a mistake: the subscriber likely reconsidered the value and canceled almost immediately. Lesson learned. LOL