Subject: Re: Second quarter comments
In July When BRK.B was trading at just under $350 I wrote January $350 calls for a premium of $19.35 net of commissions.
...
$29.79 is what you paid to close the original calls.
Yes, sorry. My mistake. Duh.
I was trying (but failing) to describe the original situation!
Breakeven = strike + premium collected
The breakeven for the original position was indeed 350+19.35 = $369.35.
Jim