Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (6) |
Author: DragonTales ⎊  😊 😞
Number: of 15062 
Subject: Re: Sold BRK Calls Got Assigned
Date: 04/29/2024 9:54 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 5
On 1/30 I sold $405 Calls with an expiration of 4/19. I made $346.50 per Call. They got assigned on 4/19, so my broker sold the stock for $405 per share ($40,500 per Call).

Should I be surprise they were assigned? On 4/19 the Open was 401.04, High was 405.57 and close was 405.08, barely above the exercise price.

Interactive Brokers' policy is that options are assigned if they are $0.01 ITM or more at expiry, so you shouldn't be surprised they were exercised.

Regarding getting back into BRK.B now, you have to make a decision about whether the share price is average compared to the company's value, or above, or below. And you can sell puts that are above, below, or ATM, which affects how likely it is they will be exercised, and how badly you want to own the shares again. With the stock at $404.3 currently, if you are not-so-interested, you could sell June $390's (~$3.95), if you are ho-hum, sell the June $400's (~$6.73), and if you are wanting back in, maybe sell the June $405's (~$8.70).

Tails
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (6) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds