Subject: put premiums on BRKB

Put premiums on deep OTM puts on BRK are very large now.

$400 put for Sept 2025 has a premium of about $510.
$400 put for Jan 2026 has a premium of about $800.

At $400, BRKB would be a little below 1.3 x book.

I think cash covered OTM puts could be a way to add to
the 4% yield on cash.

But don't get greedy with leverage, because $400 BRKB
could happen.

Just a thought.

Stopped Clock