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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: hclasvegas   😊 😞
Number: of 22354 
Subject: Re: Option Volatility
Date: 02/01/24 7:05 AM
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""The sales of the January 420s on Monday was pretty interesting. This is one THIN Market. I sold 15 covered calls - one at a time throughout the day. I know nothing about options pricing - I just placed bids high enough to have them not execute and then lowered my ask by a nickel at a time until I got an immediate hit. For about half of the sales I felt like there was a computer on the other side as my sales were quite a bit above the bid shown - I got the same execution price on 5 sales in a row."" Goog morning, there is a lot to unpack here. Do you pay commissions? How much does it cost to sell one option at a time ? You went high bid for one contract and low offer for one contract to tighten the market, hoping your offer would be taken? Did you play, market maker for a day? Thanks.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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