No. of Recommendations: 5
I find it is most useful to think of an option contract as merely one WAY to own, or sell, the underlying stock. I always assume assignment.
Yes, I will be happy to sell BRK at 409.01 in June.
Your option contract price changed by less than $2, not much in the grand scheme of things.
I am still trying to get my head around understanding selling calls. It took quite some time for me to achieve a good intuitive understanding of buying DITM calls.
Problem with selling calls is the overwhelming chatter from people who think that covered calls are free money. That kinda drowns out the relatively few people who are serious.
The 27% one-day gain was great to see, but as you say it isn't anything to write home about. 27% on $7 is still only $2.
Thanks, Jim
