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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt ✧🐝  😊 😞
Number: of 15053 
Subject: Re: out of the gate strong
Date: 01/29/2024 11:46 AM
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No. of Recommendations: 2
Right, *NEVER* do an options trade at the market.

If you are going to try this as a result of Jim's musings, why are you doing the 385 instead of the ~400? 385 when BRK is 383 seems pretty tight, when BRK.B is jumping around 4-5 points up & down a day.

I rarely do covered calls, but the common recommendation is "next strike up, next month out". So they'd do the 385 for Feb or Mar, not June.

FWIW, I am treating this not so much as a "covered call" per se, but as a way to slightly put on some reverse leverage, after selling some DITM long-dated calls that put on positive leverage. Taking off leverage because the P/B is getting high.
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