No. of Recommendations: 1
in a taxable account. IF you are an American, and IF, you were ignorant enough to believe that IF Buffett wouldn't buyback brkb at 440 it was unlikely to break 500 by June, you are in the same position as me! I expect to buyback the calls I'm short in June and take the loss. By selling puts 5 % below the stock market price, IF, the puts expire worthless, the gains will offset the loss in the calls. That's how one idiot old time brkbhead thinks. Since brkb options are not very liquid I rarely disclose exact months and or strikes. Brother mungo aka Jim and I have discussed these option issues for decades, apparently no one in brkville has any interest so I won't elaborate. Good luck all.