We are opening LEAPS against Nvidia (NVDA) so we can start selling covered calls against the position while still being exposed to the stock’s growth. Instead of owning 100 shares of NVDA which would cost us $18,824 we could buy 1 LEAPS contract for $8,370 instead, gain the same (or similar) exposure to the stock’s growth and also start selling covered calls.
Here is our today’s trade:
Buy to Open 1 NVDA January 15, 2027 (382 DTE) 115 call with delta 0.87 for 83.70 ($8,370)
Now we can start selling covered calls:
12/29/2025 STO 1 NVDA Jan 16, 2026 215 call for 0.25 credit (ROLLED)
We will let the covered call expire unless we need to adjust it.
01/08/2025 STO 1 NVDA Feb 20, 2026 220 call for 1.23 credit (OPEN)
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