Subject: BRK Put options?
I bought a put option 360 strike price (june 2024) for 23.15. I wanted to sell call option for strike price in 340-360 range but volatility pricing is low. So went for this. Not sure if it is one to one - but felt like this may be a better option than selling outright (it is in ira so tax was not a consideration).
My objective was to capitalize on low volatility and secure some profits, although I admit my reasoning is not fully developed regarding whether this strategy truly outweighs selling the stock outright.
Any thoughts. I can easily close it out if downside of this trade gets pointed out here.