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 $214.13 which was below the $230.00 strike price. Today this position was continued by rolling down-and-out to the October 30th, 2026 options expiration date at the $225.00 strike price by selling-to-open one NVDA Call at $3.30 per share today when NVIDIA's stock price was $220.76.  As preferred, the next NVIDIA quarterly earnings report is not until November 17th, which is after the October 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 October 30th, 2026 options expiration date is +0.1% absolute return-on-investment over 23 days (equivalent to +2.1% annualized-return-on-investment) if the stock closes above the $225.00 strike price on the 10/30/2026 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:

10/7/2026 Bought 100 NVIDIA Corporation shares at $236.93.

10/7/2026 Sold 1 NVIDIA 10/16/2026 $230.00 Call option @ $8.95 per share.  The Implied Volatility of this Call option was 30.9 when this position was established.

10/16/2026 One hundred NVIDIA shares closed below the $230.00 strike price at $214.13, so the Call option expired and the 100 NVIDIA shares remained in the Covered Calls Advisor Portfolio.

10/21/2026 Continued this NVIDIA Covered Call position by selling-to-open 1 October 30th, 2026 $225.00 Call option at $3.30 per share when the NVDA stock was trading at $220.76 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 10/30/2026 options expiration date is as follows:

Covered Call Net Investment: $22,798.67
= ($236.93 - $8.95) * 100 shares + $.67 commission

Net Profit:
(a) Option Income: +$1,223.66
= ($8.95 + $3.30) * 100 shares) - $1.34 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 100 NVIDIA shares assigned at the $225.00 strike price at expiration): -$1,193.00
+($225.00 strike price - $236.93 stock purchase price) * 100 shares

Total Net Profit Potential (If 100 NVIDIA shares in-the-money and therefore assigned at the $225.00 strike price at the options expiration date): +30.66
= (+$1,223.66 option income + $0.00 dividend income - $1,193.00 capital appreciation)

Potential Absolute Return-on-Investment: +0.1%
= +$30.66/$22,798.67
Potential Annualized Return-on-Investment: +2.1%
= (+$30.66/$22,798.67) * (365/23 days)