Subject: Re: Berkshire's Higher, not Lower - Now What
But I could instead buy pack my puts, to close out the contract.


FWIW, I chose to close my similar but likely shorter dated contracts than yours. I held for five days total and was able to collect nearly 60% of the premium in less than 10% of the total time of the contract. With the remaining premium the implied interest rate was barely 2% which didn't seem to be worth the wait. I'm content to wait for another opportunity to do the same thing again.

I wish I would have done more but work and life were getting in the way a bit that day as I recall. One of the hazards of not simply going the buy and hold route.

Jeff