Subject: Re: Buffett, will he shock most of us ?
I know you have far more experience with options, nevertheless a tiny comment: I made bad experiences with BRK puts that far out the money - - - but very good experiences with puts only 2-4% OTM like the (partly also June) 480/490/495 ones bought today, because during the last months such a spike always was followed by a quick counter movement (and if expiration is several months away one has a margin of safety if it takes longer).

If the stock moves lower relatively soon, my options will do much better than your options on a percentage basis. I am not planning for them to have value at expiry - only to change in price by a larger percentage if I am right in the short run.