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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt ✧🐝  😊 😞
Number: of 15062 
Subject: Re: Bought to close
Date: 04/15/2024 10:08 PM
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No. of Recommendations: 2
Selling covered calls when I think BRK is close to the top of it's range: Yes! But: Ideally with a strike 20% above current price. If greedy: Only 15% above.


Ah, hmmm.

I sold the Jun 425 when BRK-B was 417.55. That was only 1.8% above. Yikes.

The conventional suggestion for covered calls is next strike up, next month out.
That was 1 strike up but 4 months out. Bad move!

I have been thinking about buying it back, even though at a loss, but didn't have enough spare cash in the account.
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