Post #7626 by Engr27 on the Berkshire Hathaway board

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

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Well speaking of options, Mr. Market allowed me to close my June’24 400 covered call contracts today @ $9.90 (which I had sold for $8.95 in January ‘24).

In January, when BRK.B was $360-$370, you sold $400 calls. Then it made a big move up. So why not sell calls now and recover your (small) loss?

BRK is definitely at a higher valuation now than it was in January. If a covered call made sense then, it makes more sense now.

I jumped the gun and wrote June $375 calls, with a break-even of $390. I'll keep rolling them because I don't see BRK as a stock that is going to run away from me. Too predictable. It could take months for my calls to break even, but it'll happen eventually.

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