Post #5493 by mungofitch on the Berkshire Hathaway board

If someone appears to be repeatedly personal, lean towards patience as they might not mean offense. If you are sure, however, then do not deepen the problem by being negative; instead, simply place them on ignore by clicking the unhappy yellow face to the right of their name.

- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Which OTM calls are you contemplating?

I contemplate a lot of things : )
But writing the June 380s at $16.15 looks not entirely nuts.
That would equate to an exit price of 1.64 times last known book, maybe around 1.53 times end 2023 book at a guess, presumably book will be a little higher in June meaning a lower exit multiple if the price stays high.

But frequently there is some sort of intervening price dip and I can close them early for (say) 70-80% of the maximum profit in maybe 40-60% of the elapsed time.

In absolute terms, it's a net exit price of $396.15.
That compares favourably to my wild guess of end 2024 price of maybe $390ish (post 5254)

Jim

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