Covered Call Position Established in NVIDIA Corporation

A one-week in-the-money Covered Call position was established today with 30 minutes remaining before market close in NVIDIA Corporation (ticker NVDA).  My net buy/write limit order at $210.88 was executed when the stock price dropped to $218.53 per share and one hundred shares were purchased at that price and one September 18th, 2026 Call option was simultaneously sold at the $212.50 strike price at $7.65 per share, which provides a $1.62 per share = [$7.65 Call option premium received - ($218.53 stock purchase price - $212.50 option strike price)] time value profit potential. An in-the-money Covered Call position was established for this new position with the probability that NVIDIA's stock will close in-the-money on the 9/18/2026 options expiration date was 73.5% when this transaction was executed. 

As detailed below, a potential return-on-investment result is +0.8% absolute return-on-investment (equivalent to +39.9% annualized return-on-investment for the next 7 days) if NVIDIA's share price is in-the-money (i.e. above the $212.50 strike price) and therefore assigned on its September 18th, 2026 options expiration date.  

NVIDIA Corporation (NVDA) -- New Covered Call Position

Today's buy/write net limit order transaction was as follows:
9/11/2026 Bought 100 NVIDIA Corporation shares at $218.53.

9/11/2026 Sold 1 NVIDIA 9/18/2026 $212.50 Call option @ $7.65 per share.  The Implied Volatility of this Call option was 31.9 when this position was established.  

A possible overall performance result (including commissions) for this NVIDIA Corporation Covered Call position is as follows:
Covered Call Net Investment: $21,088.67
= ($218.53 - $7.65) * 100 shares + $.67 commission

Net Profit:
(a) Option Income: +$764.33
= ($7.65 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 100 NVIDIA shares assigned at the $212.50 strike price at expiration): -$603.00
+($212.50 strike price - $218.53 stock purchase price) * 100 shares

Total Net Profit Potential (If 100 NVIDIA shares in-the-money and therefore assigned at the $212.50 strike price at the options expiration date): +$161.33
= (+$764.33 option income + $0.00 dividend income - $603.00 capital appreciation)

Potential Absolute Return-on-Investment: +0.8%
= +$161.33/$21,088.67
Potential Annualized Return-on-Investment: +39.9%
= (+$161.33/$21,088.67) * (365/7 days)

Covered Calls Position Established in Uber Technologies Inc.

This afternoon my buy/write net debit limit order was transacted and 400 shares of Uber Technologies Inc. (ticker symbol UBER) stock were purchased at $71.23 and 4 September 25th, 2026 $69.00 Call options were sold at $3.45 per share -- a net debit of $67.78 per share.  So, the potential time value profit if the stock is in-the-money and therefore closed out by assignment on the options expiration date is $1.22 per share [$3.45 Call options premium - ($71.23 stock purchase price - $69.00 strike price)]. The probability that the stock will be in-the-money and therefore assigned on its options expiration date was 66.3% when this order was transacted. As preferred, the next quarterly earnings report on November 3rd, 2026 is after the September 25th options expiration date.  

As detailed below, a potential outcome for this Uber Technologies investment is +1.8% absolute return-on-investment for the next 16 days (equivalent to +40.8% annualized-return-on-investment) if the stock closes above the $69.00 strike price on the September 25th, 2026 options expiration date.

Uber Technologies Inc. (UBER) -- New Covered Calls Position

The net debit buy/write limit order was executed as follows:
9/9/2026 Bought 400 shares of Uber Technologies Inc. stock @ $71.23 per share.  
9/9/2026 Sold 4 Uber Sept 25th, 2026 $69.00 Call options @ $3.45 per share.
Note: this was a simultaneous Buy/Write transaction and the Implied Volatility of the Calls was 35.4 when this position was established which, as preferred, is well above the current VIX of 16.3.  

A possible overall performance result (including commissions) if this position is assigned on its 9/25/2026 options expiration date is as follows:
Covered Calls Net Investment: $27,114.68
= ($71.23 - $3.45) * 400 shares + $2.68 commission

Net Profit Components:
(a) Options Income: +$1,377.32
= ($3.45 * 400 shares) - $2.68 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Uber stock is above the $69.00 strike price at the 9/25/2026 options expiration date): -$892.00
= ($69.00 - $71.23) * 300 shares

Potential Total Net Profit (If assigned at expiration): +$485.32
= (+$1,377.32 options income + $0.00 dividend income - $892.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.8%
= +$485.32/$27,114.68
Potential Equivalent Annualized-Return-on-Investment: +40.8%
= (+$485.32/$27,114.68) * (365/16 days)

Covered Call Position Established in Alphabet Inc.

A new short-term Covered Call net debit buy/write limit order was transacted shortly after market open today in Alphabet Inc. (ticker GOOGL) for the September 18th, 2026 expiration and at the $320.00 strike price.  The order was placed at a $316.68 limit price, so the extrinsic value (which represents the maximum profit potential for this position) was $3.32 per share [$12.79 Call option premium - ($329.47 stock purchase price - $320.00 strike price)].  The probability that this position will be in-the-money and therefore assigned on its options expiration date was 69.2% when this order was transacted.

As detailed below, the potential return-on-investment result is +1.0% absolute return-on-investment in 9 days (equivalent to a +42.4% annualized return-on-investment).  

Alphabet Inc. (GOOGL) -- New Covered Call Position

The simultaneous buy/write transaction was as follows:
9/9/2026 Bought 100 shares of Alphabet Inc. stock @ $329.47 per share.  
9/9/2026 Sold 1 Alphabet Inc. September 18th $320.00 Call option @ $12.79 per share.
Note: The Implied Volatility of the Call option was approximately 34.5 when this transaction was executed which, as I prefer, is well above the current 16.1 of the S&P 500 Volatility Index (i.e. VIX). 

A possible overall performance result (including commissions) would be as follows:
Covered Call Cost Basis: $31,668.67
= ($329.47 - $12.79) * 100 shares + $.67 commission

Net Profit Components:
(a) Option Income: +$1,278.33
= ($12.79 * 100 shares) - $.67
(b) Dividend Income: +$0.00 
(c) Capital Appreciation (If Alphabet stock is above $320.00 strike price at the 9/18/2026 options expiration date): -$947.00
= ($320.00 strike price - $329.47 stock purchase price) * 100 shares

Total Net Profit Potential: +$331.33
= (+$1,278.33 option income +$0.00 dividend income - $947.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.0%
= +$331.33/$31,668.67
Potential Equivalent Annualized Return-on-Investment: +42.4%
= (+$331.33/$31,668.67) * (365/9 days)

September 4th, 2026 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Call positions with September 4th, 2026 options expirations and both positions (NVIDIA Corporation and T-Mobile US, Inc.) were assigned yesterday so the Call options expired and both Covered Call positions were closed out by selling the stocks at their respective strike prices.  The return-on-investment summary for each position is as follows:

1. Nvidia Corporation (NVDA) -- +1.6% absolute return-on-investment (equivalent to +59.2% annualized return-on-investment) for the 10 days of this investment.  This NVIDIA Covered Call position had a $200.00 strike price and it closed in-the-money at $230.36 yesterday.  The original blog post showing the details of this position is here. 

2. T-Mobile US, Inc. (TMUS) -- +1.7% absolute return-on-investment (equivalent to +41.6% annualized return-on-investment) for the 15 days of this investment.  This T-Mobile Covered Call position had a $175.00 strike price and it closed in-the-money at $181.52 yesterday.  The original blog post showing the details of this position is here.

Send your questions/comments to the email address shown below on any topics related to the Covered Calls investing strategy.  As always, any new positions I establish will continue to be posted on this blog site when they occur.  

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net