This week has been action-packed with a series of covered call and roll trades designed to harvest premium income while managing risk across some high-quality names in my portfolio. Below is a breakdown of each trade and the thinking behind them.

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🎯 1. TSLQ Covered Call – $25 Strike (Exp: 6/20/2025)

• Premium Collected: $41.96

• Cost Basis: $22.80

• Max Profit If Called: $261.96

• Status: Open

Why this trade?
TSLQ has been range-bound, and with a $25 call expiring next year, the premium allows for strong yield on cost. The long duration gives room to manage or roll profitably later.

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💊 2. UNH Covered Call – $312.5 Strike (Exp: 6/6/2025)

• Premium Collected: $500.00

• Cost Basis: $302.50 (assigned from recent put)

• Max Profit If Called: $1,500.00

• Status: Open

Trade rationale:
After being assigned UNH at $302.50 from a cash-secured put, I turned around and sold a $312.5 call. This locked in instant income and leaves a comfortable upside. Great play on a stable healthcare name.

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🧑‍💻 3. HOOD Call Roll – $55 Strike (Exp: 6/20/2024)

• Premium Collected: $0.45 (roll credit)

• Status: Open

Trade insight:
This was a roll-up and out of the 6/6 call. The small net credit of $45 extends my exposure for more upside while allowing me to manage assignment risk closer to expiry.

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🔥 4. RDDT Covered Call – $125 Strike (Exp: 6/13/2024)

• Premium Collected: $165.00

• Status: Open

Why RDDT?
High IV made this short-dated trade attractive. The $125 call sits nicely above current levels and pays handsomely in the short term. This is a volatility-income play with minimal downside exposure.

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🤖 5. NVDA Call Roll – $125 Strike (New Exp: 9/19/2025)

• Buy Back (Old Call): $17.17 (Aug 15th expiry)

• Sell New Call: $20.15 (Sep 19th expiry)

• Roll Credit: $2.98

• Status: Open

Rationale:
Rolling NVDA out to capture more time value and take advantage of long-dated call premium. The net credit of nearly $300 locks in value while I continue holding the position. NVDA remains a premium collector’s dream.

Covered calls continue to be a core part of my strategy—harvesting steady income while maintaining ownership of strong underlying assets. Rolling positions like NVDA and HOOD helps manage assignment and take advantage of volatility spikes.

With over $950+ in premiums collected this week alone, this approach keeps compounding while giving me flexibility to adjust as market conditions evolve.