Subject: Re: I bet against BRK
Instead of buying puts ... and have the time value losses associated with buying options, why not sell calls ... and have the time value gains accrue to you?
My account allows me only to sell covered calls --- by purpose. I will never ever have a margin account.
Betting? Yes.
Even Betting big? Yes.
Betting the Bank? Never.
Btw: I do not think Berkshire will go down to $370. May be, may be not. But the plan is to have sold all puts latest IF that happens instead of greedily waiting for more.