Subject: Re: Buffett, will he shock most of us ?
If the stock moves lower relatively soon, my options will do much better than your options on a percentage basis

Instead of theory we now have a real life data point:
- I just sold the Jun 495's I bought yesterday at $12 for $16.7 = 39%
- At that moment the 450's you bought for $3.6 were $5.2 = 44%

So yes, your far OTM puts moved 10% more, but in terms of options with such a high leverage I would call that negligible.

(Of course I don't know whether that one data point is representative.)