Post #9322 by rayvt on the Berkshire Hathaway board

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

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This is why I like selling calls instead of selling outright. I can pick my prices and dates, then if my sell price is reached by the date I chose, the sell will happen (the option will be exercised and I will be assigned). If the stock price goes down, and my price isn't reached by the date I chose, the option expires and I get to keep the premium ("do nothing").

Yeah, this was my thinking when I sold the Aug 425 call for 7.25
BRK-B now 475.92.

When it gets to 500 next week, I might sell a few shares before I get nosebleed.

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