Subject: Re: OT Cash balances keep soaring
“Deciding when to sell is really, really hard. Some folks can do it, but I'm not an expert, despite trying.”
I typically sell way too early and hence don’t often sell. FYI- I just sold to close a call option after I listened to Jim & bought a couple in Fall ‘22.
Sold to close the call LEAP exp. Jan.‘25 BRKB 160 strike for $316.12 (~140% gain) for a little pre-holiday cash. Sold a similar 150 call a couple weeks ago.
Many Thanks Jim, as no way I would have understood the concept & much less pulled the trigger years ago.