Post #4219 by mungofitch on the Berkshire Hathaway board

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

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No. of Recommendations: 13

The target audience of their covered call strategy is: ...

Not sure anyone cares, but I closed some of the calls I'd written. (all of my Jan $370 contracts; I have two other strike/date combos left)
I made 82% of the maximum possible profit in 44% of the maximum elapsed time, good enough for me.

Notionally, closing a call like this is equivalent to buying stock on a dip: my net BRK position is now [probabilistically] larger.
I don't think the current price is compelling enough to run out and buy more stock other than in this context, but my share count is up the way I track it, assuming all contracts are exercised.

Jim

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