To The Moon

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How I Make $100 a Day Trading Covered Calls on NVIDIA (NVDA) 🚀💰

Why NVDA Is the Perfect Stock for Covered Calls 🧠⚡

NVIDIA is one of the best stocks in the market for covered call trading, and that’s not by accident. NVDA has massive liquidity, tight bid-ask spreads, and most importantly, high implied volatility. These factors create fat option premiums, which is exactly what a covered call trader wants 🎯📊. NVDA doesn’t move quietly — it breathes, pulls back, spikes, consolidates, and repeats. That constant fluctuation is where my daily income comes from 💸🔥.

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My Cost Basis Gives Me Confidence 🛡️📉

My average cost for NVDA is around $175, which gives me a comfortable buffer. Because of that, I genuinely do not mind selling NVDA at $182.50. That’s already $7.50 profit per share on the stock itself, excluding any option premium collected 💪💵. This mindset is critical. Covered calls only work well when you are emotionally okay with assignment, not fighting it 😌📘.

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Covered Calls Are Not “Set and Forget” 🔄📌

Many people think covered calls mean selling once and waiting until expiry. That’s a rookie mistake 🚫📉. My strategy is active management. I sell calls, buy them back when premiums drop, then resell again on rebounds. I’m not married to any single option contract — I’m married to cash flow 💵🔁. NVDA’s intraday swings make this approach extremely effective.

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Understanding Market Fluctuations Is the Edge 🌊📈

NVDA rarely moves in a straight line. Even on strong bullish days, there are pullbacks, consolidations, and volatility crushes. When NVDA stalls or dips slightly, call premiums decay quickly ⏳📉. That’s when I buy back my calls. When NVDA rebounds or volatility spikes, premiums expand again — and that’s when I sell 📊🔥. This cycle repeats multiple times a day if the market allows.

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Why the 182.5 Strike Is My Sweet Spot 🍯🎯

The 182.5 strike is far enough above my cost to lock in capital gains, yet close enough to offer juicy premium. Deep out-of-the-money calls don’t pay enough. At-the-money calls risk early assignment too easily ⚠️📉. The 182.5 strike balances income and control, letting me harvest premium while staying calm 😎💼.

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Turning Small Price Movements into Real Cash 💸📊

From the trade records, you can see multiple sell at ~7.40 and buy back at ~7.10–7.15. That difference may look small, but each $0.25–$0.30 move equals $25–$30 per contract 💵✨. Do this 3–4 times a day, and suddenly you’re looking at $75–$120 daily, without guessing market direction 🎯📈.

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Why I Buy Back Calls Aggressively 🔁⏱️

I don’t wait for calls to decay to zero. The moment I capture 70–80% of the premium, I’m out 🏃‍♂️💨. This reduces risk dramatically. Holding calls too long exposes you to sudden NVDA spikes, especially on AI-related headlines 🚀📰. By buying back early, I reset risk and prepare for the next premium cycle 🔄🛡️.

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Emotion Control Is Everything 🧘‍♂️📉

The biggest enemy in covered call trading isn’t the market — it’s greed 😬🔥. When traders refuse to buy back because they want “a bit more,” they often get punished by sudden rallies. I trade mechanically. If NVDA pulls back and premium collapses, I take profit — no hesitation 💯📘. Consistency beats hero trades every time.

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Why Daily Income Beats Waiting for Expiry ⏳💰

Waiting 7 days for $300 sounds nice — until NVDA rips through your strike and you lose flexibility 😵📈. I prefer daily income, stacking $80–$120 repeatedly. This approach compounds psychologically too — daily wins reinforce discipline and confidence 🧠🏆. Trading becomes boring, and boring is profitable.

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Assignment Is Not a Problem for Me 📦😊

If NVDA gets called away at 182.5, I’m perfectly fine. That’s realized stock profit + all collected premium 💵🎉. I can always re-enter NVDA on pullbacks or sell cash-secured puts afterward. Covered calls are just one tool in a wheel strategy ecosystem 🔄🧰.

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Why NVDA Volatility Is a Gift, Not a Threat 🎁⚡

Many traders fear volatility. I welcome it. Volatility inflates premiums, which means more income for option sellers 💥📊. As long as you’re selling strikes you’re comfortable with, volatility works for you, not against you 😎📈. NVDA’s reputation ensures volatility stays elevated — perfect for this strategy.

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Scaling the Strategy Over Time 📈🏗️

Once this approach proves consistent, scaling is simple. One contract makes ~$100 a day. Two contracts double that. The process doesn’t change — only the size does 🧮💼. Because NVDA options are extremely liquid, scaling doesn’t introduce execution risk like small-cap options do 🚀📉.

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Why I Don’t Chase Breakouts 🚫📊

I don’t chase NVDA when it’s ripping higher. That’s when call premiums are dangerous — delta spikes, gamma risk increases, and buybacks become expensive ⚠️📈. I wait for stalling price action, failed breakouts, or mid-range consolidation before selling calls. Patience pays better than prediction 🕰️💰.

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This Is a Business, Not a Gamble 🏦📘

I treat covered calls like a business. There’s inventory (shares), revenue (premium), and risk management (buybacks). No emotions, no revenge trades, no FOMO 🚫😤. Once you see it this way, the consistency becomes obvious and repeatable 📊✅.

$NVDA 20260130 182.5 CALL$ 

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Final Thoughts: Why This Works for Me 🏁🔥

Making $100 a day trading NVDA covered calls isn’t magic. It’s the result of clear cost basis, comfort with assignment, active management, and respect for market fluctuations 🌊📈. NVDA provides the volatility. I provide the discipline. Together, they generate cash flow — day after day 💵😎.

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