No. of Recommendations: 2
Yesterday when brkb was 500 I checked the options market aka, what the bettors were thinking.
With brkb at 500
the jan 15-27, 510 call was about 20.
the jan 15-27- 490 put was about 13. UP 10 was a big favorite over down 10, keeping in mind brkb pays no div so it never goes ex div.
the jan 15-27-520 call was 15.75 ish .
the jan -15-27 480 put was 10 ish, both 20 points out of the money.
The put premiums are very low hence not worth tying up money to sell them, imo.
Since Buffett is obviously still at the table we still have no idea what Greg will do, going forward, with respect to buybacks and cap allocation, once Buffett leaves the ballpark, imo.
