Subject: Re: OT: puts
I am definitely not recommending that anyone try some gambling by buying puts against Berkshire. As an example of such absurdity, September $440 strike would cost about $7.60 right now, so you'd likely be throwing that money away.

Similarly, anyone buying September $460 puts today for $8.00 would be foolishly wasting their money.

I have not written any January 2026 $500 calls. They are trading at $44 today. For somebody long the stock, would it be sensible to commit to sell at a net exit price of $544 at that time?
That's 17% more than a "normal times" guess like book of $332 (up 10.4%) and price of $465 (1.4 times book). Or, of course, you get to keep the $44.

Jim