No. of Recommendations: 1
Instead of selling BRK, I sold covered calls...
This is a good alternative.
I have not been as lucky, I decided a while ago to go long BRK by buying in the money calls.
The problem with this is that as inflation has risen (or more directly interest rates have risen) the price of calls has dropped a bit since the leverage they provide has become more expensive.
So writing covered calls means you are SHORT calls instead of LONG them like me, and that interest rate rise works in your favor, hastening the decline in the value of your covered calls that you are counting on to make you money.
But my calls don't expire until January 2024 so we'll see if I can make some money anyway.
R:
