Subject: Re: Approaching 1 Trillion...
That was my reasoning in January when I closed out my Jan'26 DITM call for a 16% gain, when the P/B got to over 1.55. With BRK-B at 383.19. Who would have guessed that it would continue upward to 485 and P/B 1.75?

Very similar exit price for me on my Jan26 contracts as well but I was lucky and had a substantially higher return. I’m not immune to calculating the missed opportunity on the run up either but I’m not beating my self up about it. The long run can still play out in our favor if we trend back to typical valuations. I happened to see a five year return on one of my accounts compared to the S&P500 and I’m content with doubling the performance of the market.



"The correctness of a decision can't be judged from the outcome. A good decision is one that's optimal at the time it's made,…

This exactly. Seek successful outcomes, not bottom ticking perfection. All other roads lead to madness.

Jeff