Continuation of Covered Call Position in NVIDIA Corporation

The Covered Calls Advisor Portfolio has a Covered Call position in NVIDIA Corporation (ticker NVDA) with 100 shares which expired last Friday with the stock at $184.86 which was below the $185.00 strike price. Today this position was continued by rolling up-and-out to the January 30th, 2026 options expiration date at the $187.50 strike price by selling-to-open one NVDA Call at $5.70 per share today when NVIDIA's stock price was $186.97.  As preferred, the next NVIDIA quarterly earnings report is not until February 25th, which is after the January 30th, 2026 options expiration date. 

As detailed below, a potential outcome for this NVIDIA investment if the stock is in-the-money and therefore assigned on the January 30th, 2026 options expiration date is +6.8% absolute return-on-investment over 32 days (equivalent to +77.5% annualized-return-on-investment) if the stock closes above the $187.50 strike price on the 1/30/2026 options expiration date. The details showing this potential return-on-investment result are as follows:

NVIDIA Corporation (NVDA) -- Continuation of Covered Call Position

The original buy/write net debit limit order transaction was as follows:
12/29/2025 Bought 100 NVIDIA Corporation shares at $186.29.

12/29/2025 Sold 1 NVIDIA 1/9/2026 $185.00 Call option @ $5.40 per share.  

1/9/2026 One hundred NVIDIA shares closed below the $185.00 strike price at $184.86, so the Call option expired and the 100 NVIDIA shares remained in the Covered Calls Advisor Portfolio.

1/12/2026 Continued this NVIDIA Covered Call position by selling-to-open 1 January 30th, 2026 $187.50 Call option at $5.70 per share when the NVDA stock was trading at $186.97 per share.

A possible overall performance result (including commissions) for this NVIDIA Corporation Covered Call position if the stock is in-the-money and therefore assigned on the 1/30/2026 options expiration date is as follows:
Covered Calls Net Investment: $18,089.67
= ($186.29 - $5.40) * 100 shares + $.67 commission

Net Profit:
(a) Option Income: +$1,108.66
= ($5.40 + $5.70) * 100 shares - $1.34 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 100 NVIDIA shares assigned at the $187.50 strike price at expiration): +$121.00
+($187.50 strike price - $186.29 stock purchase price) * 100 shares

Total Net Profit Potential (If 100 NVIDIA shares in-the-money and therefore assigned at the $187.50 strike price at the 1/30/2026 options expiration date): +$1,229.66
= (+$1,108.66 option income + $0.00 dividend income + $121.00 capital appreciation)

Potential Absolute Return-on-Investment: +6.8%
= +$1,229.66/$18,089.67
Potential Annualized Return-on-Investment: +77.5%
= (+$1,229.66/$18,089.67) * (365/32 days)