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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Engr27   😊 😞
Number: of 21944 
Subject: Re: buy of Berkshire Hathaway
Date: 08/16/24 5:00 PM
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No. of Recommendations: 3
Yup. My CC looked good a week ago, but it will get taken out today. I cannot believe the run up of BRK-B in the last several weeks, damn near a melt-up.

I deal with covered calls differently than most, it seems.

I had 420 calls expiring today (about 20% of my shares) with a break-even of ~430. This morning with the price at 442.xx, I closed the calls for 22.xx and then sold September 425 calls for 22.xx. I think the net was about -0.50.

As long as I think the stock is above its current value, and I can increase my strike price, I like to sell in-the-money calls. This way, when/if? the inevitable drop comes I can realize a profit. Rolling monthly it could take a while to finally break even with the my original covered call sin, which was a June 360.

It just seems very unlikely that the price can continue to run away from me. The other 80% of my shares would welcome that though.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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