No. of Recommendations: 0
On the put side open interest in the 495 and 500 is material strikes below that don't have much value.
On the call side the OI is material in the 497.5 strike all the way to 520.
It's hard to see brkb above 510 this week without very material news but let's see how the calls trade early this week.
I'm short the 460 and 470 puts, I'll just let them expire.
I'm still short some 505 calls at 26.90, I may buy them back before Friday depending on how it trades. This cycle was lucky, betting that brkb would NOT make any shareholder friendly moves into yearend worked out well.
Handicapping what the new team will do the first 90 days or so of 26 is much more difficult for option sellers.
