What shares I have left are in a taxable account where I’m not interested in paying capital gains taxes. I took a gamble selling some calls against a smidge of my taxable holdings. I sold the Dec 455s for $11.75 which is a $466.75 exit in December. That would be 1.65x my expected Q2 bv of $283 and 1.57x my current useless estimate of Q3 bv of $297 currently.

I had been selling cash backed puts across Aug through Dec in my tax free accounts and opted to close all of those today. I managed to pocket 55-90% of the premiums received depending on the contract. My CAGRs ranged from 5% to 77% but the overall average was in the mid teens. As others have said, it seems a little frothy here and I’m content pocketing a little beer money and waiting for another opportunity.

Jeff

Berkshire Hathaway FAQ

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