NVDA Credit Spread Trade & Portfolio Expansion

Welcome to another OptionsBrew portfolio update! This week, our portfolio experienced steady growth, increasing by 1.42% and reaching a total value of $8,204.70. As part of our ongoing strategy to build a diversified and income-generating portfolio, we made some additions and adjustments to our holdings.

Portfolio Updates

This week, we added the following positions:

• 1 share of Deutsche Bank (DB) – Continuing to expand our exposure to the financial sector.

• 0.2 shares of NVIDIA (NVDA) – Incremental additions to our long-term NVDA position.

Our options trading strategy also played out as planned, with all our existing options positions expiring worthless, allowing us to retain the full premium collected. This reinforces our focus on conservative, income-generating trades.

New NVDA Credit Spread Trade

Given the expiration of our previous NVDA credit spread, we have initiated a new position to maintain consistent premium income. This week, we opened a new weekly credit spread on NVDA with an expiration date of January 31, 2025, collecting a premium of $0.35 (before commissions). As part of our reinvestment strategy, this premium was used to purchase an additional 0.2 shares of NVDA, bringing our total holdings to 2.75 shares.

We are steadily working towards accumulating 100 shares of NVDA, with just 97.25 shares to go. Once this milestone is achieved, our strategy will shift towards writing covered calls to generate additional passive income.

Looking Ahead

Our focus remains on:

• Gradually increasing our NVDA holdings to reach the 100-share target.

• Exploring new credit spread opportunities to generate consistent income.

• Maintaining a disciplined approach to portfolio management and risk control.

Thank you for following along with our journey. Stay tuned for more updates and trade insights next week!