Options Trading Journey: $6K to $100K - Week 13

Market Recap & Key Developments

Several key market developments happened this week. Trade talks furthers with China and US strikes a deal with UK.

Week 13 Performance Overview

• Current Account Balance: $7,116
• Portfolio continues its upward momentum, led by Nebius Group and Semiconductor holdings.
• Trump administration finalized a trade deal with the UK, while also making progress on trade talks with China.
• Market sentiment remains optimistic as trade negotiations continue to develop positively.
• Closely monitoring AI and Semiconductor sectors amid these trade developments.
• Realized gain of $940.83 down -$16.6 from Week 12 due to taking realized losses on SOXL and NBIS to roll up and out.
• Win/loss ratio of 67.49% realized

My Week 13 Trades

$NBIS

I rolled up and out my $29 covered calls expiring 05/09 to $31 strike 05/16 for a net credit of $13.

This week was quite eventful for Nebius Group, which saw a significant rise in its stock price as we approach earnings on May 20th. The big headline: Jeff Bezos' personal firm, Bezos Expeditions, is leading a $72-million investment in Toloka, an AI data solutions company and subsidiary of Nebius. After this deal, Nebius will relinquish voting rights in Toloka but retain an economic stake.

Another catalyst for Nebius was news that ClickHouse, another subsidiary (28% owned by Nebius), is raising at a $6B valuation in a round led by Khosla Ventures.

With all these developments and earnings coming up, I decided to roll up and out my covered calls. I'm leaning towards rolling up and out again or possibly closing out my covered calls ahead of earnings next week—let's see how things play out.

Trade details:

• 05/07/2025 Sell to Open:
  • NBIS 05/16/2025 31.00 C
  • Credit: $42
• 05/07/2025 Buy to Close:
  • NBIS 05/09/2025 29.00 C
  • Cost: -$29

$EVGO

I rolled my covered calls from 05/09 exp to 05/16 expiration at the same $3.5 strike for a net credit of $10.

EVgo announced earnings this week with some positive developments. Despite the Trump administration's pausing of NEVI funds, the company continues to steadily grow its charging network. Management indicated they're approaching positive adjusted EBITDA by year-end. Additionally, EVgo's Department of Energy loan appears to still be active, which should help accelerate their charger deployment strategy. [Source]

Trade details:

• 05/06/2025 Sell to Open:
  • EVGO 05/16/2025 3.50 C
  • Credit: $35
• 05/06/2025 Buy to Close:
  • EVGO 05/09/2025 3.50 C
  • Debit: -$25

SOXL

I rolled up and out my both of my SOXL covered calls from $15.5 exp 05/09 to $16 strike exp 05/16 for a net credit of $24. The reason I rolled up and out is to capture more shares appreciation while anticipating a market bounce in recent developments of trade talks and developments.

Trade details:

• 05/05/2025 Sell to Open:
  • 2 SOXL 05/16/2025 16.00 C
  • Credit: $42
• 05/05/2025 Buy to Close:
  • 2 SOXL 05/09/2025 15.50 C
  • Debit: -$18

What I'm Holding Now

As of May 11, 2025, here's what's in my portfolio:

• 115 shares of $EVGO (average cost: $3.47) with 1 covered call at $3.5 strike (05/16 expiry)
• 3 shares of $GOOG (average cost: $167.69)
• 100 shares of $NBIS (average cost: $33.94) with 1 covered call at $31 strike (05/16 expiry)
• 200 shares of $SOXL (average costs: $15.35) with 2 covered calls at $16 strike (05/16 expiry)
• $688.08 cash. I still continued to deposit $100 weekly on Wed and Fri splits.

Looking Ahead

With Nebius earnings approaching on May 20th, I'll be closely monitoring my position and likely adjusting my covered calls as we get closer to the announcement. While I remain optimistic about the market's direction given the positive developments in trade talks, I'm staying cautious as both QQQ and SPX approach their 200-day Simple Moving Averages, which could act as significant technical resistance levels.