Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (31) |
Author: Said ⎊  😊 😞
Number: of 15058 
Subject: Re: Second quarter comments
Date: 08/09/2023 2:58 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 0
Speaking of options I hope somebody can explain this which baffles me:

Yesterday for the first time in my life I sold covered calls: BRK/b - 01/19/24 - $380. I paid $11.20.
Instead of as intended a few months later I closed that position 1 hour ago, paying $8.50.

Berkshire stock is falling 1% or so in that single day --- and those calls a full 24%! And that's not an accident, caused by eventually super low volume with that specific call. Yesterday I also bought Jan $390s. And they are also currently 22% lower than yesterday!

How is this possible? They don't have a lever of 25 or so. Or do they? I just don't understand this.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (31) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds