Another Reader’s Question
One of my reader’s recently asked a question about options trading. Dino asked, “I noticed that tri-weekly options are now available for some equities. Is that something you’ve partaken in or is that something to avoid? Were you planning on a post regarding tri-weekly options?”
Yes, I have started to take advantage of tri-weekly options, and I plan to do a post about this interesting income opportunity. One of the positions Cindie and I both hold is NVDA, which is a huge semiconductor with a market capitalization of $4.32 trillion dollars.
As of March 2026, the top five public companies by market capitalization are Nvidia ($4.4 trillion), Apple ($3.9 trillion), Alphabet (GOOG) ($3.7 trillion), Microsoft ($3.0 trillion), and Amazon ($2.2 trillion). These companies are primarily in the technology and consumer sectors. We own shares of NVDA, MSFT, and AMZN
NVIDIA Corporation traded a ton of shares on Friday. By a “ton” I mean 189,021,949 shares. NVIDIA Corporation operates as a data center scale AI infrastructure company. The company operates through two segments, Compute & Networking, and Graphics segments. The Compute & Networking segment provides data center accelerated computing and networking platforms and artificial intelligence solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment offers GeForce GPUs for gaming and PCs; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. The company’s products are used in gaming, professional visualization, data center, and automotive markets.
Options Trading NVDA
Next week there are three options opportunities for NDVA. Using Seeking Alpha I can quickly see they are for Monday, Wednesday, and Friday. For most stocks, monthly options are the norm. For a nice group of stocks with more trading volume and interest, there are weekly options. Weekly options typically expire on Friday (unless Friday is a holiday and the markets are closed.)
However, there is a new subset of options contracts that offer three opportunities to make money with cash covered put options or covered call options. In a future post I will discuss this in more detail and provide a list of potential stocks for tri-weekly options trading.
2026 YTD Options Income Results
The results have been gratifying. So far in 2026 I have received $26,220 in options income. This is the result of 117 transactions. However, 36 of these transactions of these were covered call rolls, and ten were cash covered put rolls. That means I really only entered 71 trades, each taking about five minutes of my time. That is about six hours of time for two months. In other words, I made $4,370 per hour entering trades. That is certainly worth my time.
YTD Expired Options
I was smiling this morning because three contracts expired Friday. Two of them were covered call contracts and one was a cash covered put. Although I include the Seeking Alpha QUANT rating in my spreadsheet (using a VLOOKUP formula) please note that this is what the QUANT rating was on the day I extracted the data from Seeking Alpha.
The goal is to gain income without having my shares called away. That means I want the contracts, for the most part, to expire. While it is true that some of my shares have been called in 2026, all of them were called in a way that I was guaranteed a profit based on the contract price. It isn’t normally wise to trade options on a position where you will lose money.
YTD expired options totaled 66 contracts. Six of them were for NVDA. That means I made some profit each time I entered the covered call option. I’ve also entered multiple contracts for AVGO.
REMINDER
You cannot depend on options income to be considered a guaranteed income. Dividends are like a salary. You can usually depend on receiving that with little or no work. Options income, by way of contrast, is like getting a commission for selling an insurance contract. A cash covered call is one kind of “insurance” obligation and a cash covered put is a different kind of “insurance” for the buyer of your PUT contract. However, you can “get out of” (or delay) a contract if you roll the option.
Conclusion
While options income is not the ultimate in easy income, you can invest very little time if you learn how to trade options. The extra income can be used for charitable purposes, to buy more shares of investments that pay growing dividends for more easy income, or for selling cash covered put options.
Additional Resources
Fidelity Investments Options Trading FAQs
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