Subject: Re: Bought to close
Selling covered calls when I think BRK is close to the top of it's range: Yes! But: Ideally with a strike 20% above current price. If greedy: Only 15% above.


Ah, hmmm.

I sold the Jun 425 when BRK-B was 417.55. That was only 1.8% above. Yikes.

The conventional suggestion for covered calls is next strike up, next month out.
That was 1 strike up but 4 months out. Bad move!

I have been thinking about buying it back, even though at a loss, but didn't have enough spare cash in the account.