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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: mungofitch 🐝🐝🐝 GOLD
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Number: of 21944 
Subject: Re: End of day activity
Date: 12/20/25 1:18 PM
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Strange. Several million shares of B shares sold within minutes of close...

Stuff you see as "after close" trades often aren't. They're often block trades that are reported after close, not necessarily trades that actually took place (initiated+filled) after close.

Since there is some obsession about option expiry dates, note that typically brokers will automatically assign expiring options that are in the money. If those are calls, they need to buy large amounts of stock for you at "market on close" (MOC) price. I would have expected those to get reported as volume of the closing auction volume, i.e., end of trading but technically within trading hours, rather than after hours. But (a) I don't really know, and (b) wild speculation it could be both factors: brokers settling some MOC trades among themselves and then reporting them?

Other factors for the obsessed:
Stocks with large numbers of deep-in-the-money options outstanding tend to have price weakness at expiry dates as assigned stock gets sold, followed by a rebound.
Stocks with large numbers of near-the-money options outstanding will tend to close very close to a heavily used strike price, on high volume and volatility towards the end.

I'm not sure any of that matters, of course. One might speculate that Berkshire might outperform the market on Monday if the "rebound" effect above happens. Buy a share before market open : )

Jim
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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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