Post #7006 by RaplhCramden on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Said:
Me (and at least Max) are in a special tax situation which causes that it would hit us MUCH harder than any non German (and as most of them too) if our Berkshire shares would be called away (have written that repeatedly --- but you are not obliged to read my often white noise only, with little substance posts :-)
So we can only write covered calls with an extremely(!) high probability for them not to be called away.

Mungofitch:
Offhand, my suggestion would be that writing covered calls isn't really a good choice for you. It's in their very nature that sometimes a position will get called away. I imagine there are other ways to generate a little bit of income or price improvement that might work better in your situation.

Why wouldn't you just buy the calls back to close the position at say 15 minutes before market close when options are in the money?

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