Subject: Re: Puts
“In January, when BRK.B was $360-$370, you sold $400 calls. Then it made a big move up. So why not sell calls now and recover your (small) loss?”
Fair question and I did think about rolling up and out. I’m still in the option learning phase & content to own stock only for now(BRK up >27% over last 12 months). I wrote some June ‘24 440 covered calls in 2/24 for $6.85/ contract & I’ll just those ride out. The risk of contractually releasing hundreds of Berkshire shares I honestly found more unsettling than anticipated, even if the premium received would have made it slightly profitable.