Thank you for this option talk. Again, I've never used options.

But, a covered call seems to make sense in my situation. I would be happy to lighten my existing shares at $385.39.

So, can someone please double check my work before I submit an order? Kinda scary the first time!

Action: Sell To Open
Quantity: 1 (1 for each 100 shares I want to sell)
Call
Expiration: Jun 21 2024
Strike: $385.00
Order Type: Market
Time in Force: Day
Route: Auto

Right now they're selling for $15.30, so the way I see it I'm selling BRK.B at $400.30, about 4% higher than my target of $385.39.

I guess the downside is BRK.B moves past $400.30 and my shares get called and I end up with cash and then the share price never touches $400.30 again for me to repurchase them?

Berkshire Hathaway FAQ

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