Subject: Re: DITM calls and hedging
The investing thesis is that the stock will rise.

Mhmm, as I made and still make money from buying and selling Berkshire puts, and expect at the current level to continue to do so, I rather think the anti-thesis is valid currently and until the price is clearly lower => think this is the worst of times for this thesis.

Just Btw, on another note: I know nobody here believes me, but the easily observable facts clearly did and still do support what I so often said this year: Berkshire since quite a while (most of the year actually) moves opposite to the general market. Using the "market momentum" trend upwards to forecast the trend of Berkshire in my book hold as little water as it did in 1999.