Post #10508 by mungofitch on the Berkshire Hathaway board

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

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I just bought a few put options : )
More of an amusement than an investment, but still, never thought I would.
...
I assume it was not only amusing but also worked out very well, as in the following 2 weeks BRK fell 5%. And now, with BRK again at the same price as when you bought your puts? Are you in for some more amusement? 😉

As you might imagine it worked quite well...for a while. But I didn't close the positions, so they are now in a mark-to-market loss.

Not a problem. It's a small position, I have Berkshire longs too, and this is sort of a "disaster put" scenario...if the market crashes, these will produce a lot of money right at a fantastic moment to go shopping for deals.

Jim

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