Established Covered Calls in NVIDIA Corporation

Today a short-term Covered Calls position of 8 days duration in NVIDIA Corporation (ticker NVDA).  My buy/write net debit limit order at $192.42 was executed and the time value was $2.58 per share [$8.39 Call options premium - ($200.81 stock purchase price - $195.00 strike price)].  An in-the-money strike price was established with the probability that NVIDIA's stock will close in-the-money (i.e. above the $195.00 strike price) on the 5/8/2026 options expiration date was 67.7% when this transaction was executed. 

The current average target price of Wall Street analysts is now $264.95 (+31.9% above today's purchase price).  Today's position continues my recent history of establishing NVIDIA Covered Call positions with expiration dates every week.  

As detailed below, a potential return-on-investment result if NVIDIA's share price is in-the-money (i.e. above the $195.00 strike price) and therefore assigned on its May 8th, 2026 options expiration date is +1.3% absolute return-on-investment (equivalent to +61.0% annualized return-on-investment for the next 8 days).

NVIDIA Corporation (NVDA) -- New Covered Calls Position

Today's buy/write net limit order transaction was as follows:
4/30/2026 Bought 200 NVIDIA Corporation shares at $200.81.

4/30/2026 Sold 2 NVIDIA 5/8/2026 $195.00 Call options @ $8.39 per share.  The Implied Volatility of these Calls was 41.1 when this position was established, which is well above (as preferred) the VIX which was 17.4.  

A possible overall performance result (including commissions) for this NVIDIA Corporation Covered Calls position is as follows:
Covered Calls Net Investment: $38,485.34
= ($200.81 - $8.39) * 200 shares + $1.34 commission

Net Profit:
(a) Options Income: +$1,676.66
= ($8.39 * 200 shares) - $1.34 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 200 NVIDIA shares assigned (i.e. above the $195.00 strike price) on the 5/8/2026 options expiration date): -$1,162.00
+($195.00 strike price - $200.81 stock purchase price) * 200 shares

Total Net Profit Potential (If 200 NVIDIA shares assigned at the $195.00 strike price on the 5/8/2026 options expiration date): +$514.66

= (+$1,676.66 options income + $0.00 dividend income - $1,162.00 capital appreciation)

Potential Absolute Return-on-Investment (If 200 NVIDIA shares assigned (i.e. sold) at the $195.00 strike price on the 5/8/2026 options expiration date): +1.3%

= (+$514.66/$38,485.34)

Potential Annualized Return-on-Investment (If 200 NVIDIA shares assigned at the $195.00 strike price on the 5/8/2026 options expiration date): +61.0%
= (+$514.66/$38,485.34) * (365/8 days)