Babysitting NBIS: how I am navigating the recent price fluctuations

I bought 100 shares of NBIS on 6/24/2026 at $259.30. Since then it's traded from $270 down to the $150s and back, and it closed Friday at $190.41.

My first goal on any trade is getting my capital back. Everything else comes second. I sell covered calls to bring the cost basis down and roll them when the stock swings against me.

Background on the entry on this trade is as follows: NBIS was $287 on 6/18 and closed at $257 on 6/24. I got in at $259.30 and sold the 7/17 $270 call for $27.80. Plan was to get assigned at $270 and bank $3,850. Unfortunately, it did not pan out as planned.

Here is my trade history as of now:

[NBIS Trade history](https://preview.redd.it/cks7qi6nesgh1.png?width=1250&format=png&auto=webp&s=a1b7d234edd2b34a6ef4b8b0a2f1557bf0fd64be)

So far i have realized $5695 on the rolls.. Cost basis has gone down from $259.30 to $163.95.

The 7/17 buyback of the $210 for a $230 loss . That was when the TOS indicators were flashing an upward squeeze, that eventually failed.

So this is what rolling has bought me. On 7/17 the stock closed at $178 and traded as low as $164.50 intraday. If I had left the original $270 call alone, it would have expired worthless and I'd have kept the full $2,780 . With the basis at $231.50. and Stock at $178 , I would have been $5,350 underwater on paper. My current cost basis is $163.95 instead.

The last two rolls were about getting ahead of earnings on 8/12. I purposely went to December because premium ($38.40) provides some extra cushion on earnings date. The rational being:

The stock got hit on 7/28 and again on 7/29, and I rolled down both days. On 7/29 I took the $210 September off and sold the December $190 for $38.40. Long dated, but $3,840 in credit on one contract took a lot of pressure off. Then the stock ripped the next day and closed the week at $190.41.

My strike is right at the money now, shares at $190.41 against a $163.95 basis. If it gets called away in December, I will make $2,605 on the trade. If the stock falls below 164, I will roll again.

One more thing on the December expiry since I like to plan my exit plan ahead of time on volatile stocks. Going out that far means sitting through earnings, which I don't normally do.

If the stock takes off after the report I'm not going to sit there and watch it run away from a $190 strike. I'll buy the call back (agreed that it raises my cost basis) and pull the expiry date back in. I am very aware that it could result in a whiplash if the stock falls again.

Not over yet. Goal is still capital preservation even if I finish at zero profit. Thesis hasn't broken and I think this one comes back.

Not a financial advisor, none of this is trade advice, just showing how I'm handling my own position.