No. of Recommendations: 1
I've been selling puts with strike prices of 1.4 times BRKB's book value for what seems like forever now, with a range of expirations, and they keep expiring worthless. But the premiums added to the 3.6% interest on the cash is pretty good, while waiting for BRK to come down again.
I do something similar. I sell puts periodically and they've all expired worthless except for one time. The March 2023 305s (that I sold in early 2023) were exercised and assigned to me, so I bought those shares at 305 (net minus the put premium that I had received, of course). And I still hold them.
Meanwhile, we've been waiting a long time for "BRK to come down again"!
