Post #10853 by rayvt on the Berkshire Hathaway board

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

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I thought about buying a few shares, then the concept of DITM LEAPs struck me. Seems like a lot of people have been having the same idea; open interest is higher than typical for such a far out call.

The Jan 2027's are going for effective interest rate around 3%, with around 3X leverage.

Put in a midpoint buy order. It didn't fill in the hour before leaving for the airport, so I replaced it with a GTC lowball buy.
Now sitting in Dallas for a 4-hour delayed connecting flight and *surprise* it filled.

All the volumes when I left home were 0 for all the ITM strike, but now there was decent volume on all strikes.
Maybe a lot of people read that article.

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