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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: nola622   😊 😞
Number: of 21944 
Subject: Re: Can't belive I did that
Date: 09/01/24 10:59 PM
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No. of Recommendations: 4
interactivebrokers.com - Early settlement

The problem ends up being settlement time and that is why Interactive Brokers (and I assume the higher end prime brokerage relationships) offer solutions to this issue where they will sell you new T+0 (immediate settlement) shares out of their own market maker inventory in order to offer this service to customers. If you enable it ahead of time. And there isn't a dividend or other corporate action within 5 days on either side.

Alternatively - a good prime broker will let you just be short the stock from an exercised call despite also being separately long. You can cover that short whenever, with the customary tax treatment for covering the short with a loss or gain.

FWIW, Fidelity will also let you be short a stock and long a stock at the same time. They have their buy to open, sell to open, buy to close, sell to close buttons. I have accidentally created an offsetting but separate long position in an index ETF when I was trying to close a short position. They cleared it up after a phone call but it proves they allow offsetting positions.
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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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