With BRK-B at $318 selling (for the 1st time ever) covered calls gets tempting for me. Looking at Jan & Jun 2024:

Jan'24:
360: $7.2
380: $2.9
400: $1.0

Jun'24:
360: $14
380: $8
400: $4.2

As for tax reasons it's very important for me that my shares won't be called away I intended to adhere to Gator's advice: "Whatever strike price you get zeroed in on, choose one a little higher. You won't give up much in premium but you reduce the probability of triggering an event."

My thoughts: For calls roughly 1 year out without Gator's advice I'd look for a 20% higher strike than the $318 we are currently => $380. So with that advice it's at least $400 instead. In that case I can forget about Jan'24 completely as for $1 I am not willing to take even the slightest risk for the shares to be called away, $2.9 for the 380's is not impressive either, but the 360's are too risky.

So Jun'24 looks the way to go. $8 for 380's would be ok, but with Gator's great advice and more than 1 year out: too risky. The 400's seem to be borderline just interesting, but half the return only of the 380's?

What are the thoughts of our experienced "covered calls" sellers?


P. S. : I have to add that while I know that over years little differences make a big difference I really don't care about +-1% yearly return of my portfolio. Does that simply means selling covered calls is not for me?

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