No. of Recommendations: 2
Right, *NEVER* do an options trade at the market.
If you are going to try this as a result of Jim's musings, why are you doing the 385 instead of the ~400? 385 when BRK is 383 seems pretty tight, when BRK.B is jumping around 4-5 points up & down a day.
I rarely do covered calls, but the common recommendation is "next strike up, next month out". So they'd do the 385 for Feb or Mar, not June.
FWIW, I am treating this not so much as a "covered call" per se, but as a way to slightly put on some reverse leverage, after selling some DITM long-dated calls that put on positive leverage. Taking off leverage because the P/B is getting high.
