I just bought a few put options : )

I was just looking to sell some calls. And I went through all the near months through December. And I can't find one I like. I don't want to sell any at 490 or lower because the stock can pop to there very quickly (as we can all clearly see recently). And I don't really want to sell my shares (all taxable so large capital gains). But I do think there will be a pullback (closer to normal at some point). So I looked out to the 500s, and those only give me 1% or so out in Nov or Dec. I suppose it could be considered a dividend of sorts, but I keep wondering if 1% is worth it or not. But that's the nature of a true zero sum game that options are. The seller wonders if 0.99% is worth it, while the buyer wonders if 1.01% is worth it, until they "break" and accept 0.01% more/less and then the trade happens.

Berkshire Hathaway FAQ

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