No. of Recommendations: 2
for those who are following this thread. brkb is up 8 in the early going, what luck. So far, those who are long the calls have done very little profit taking. They either believe the stock will close around 550 today, or, they might plan on taking delivery of 1-1.5 million shares.
The tell for me was the 525 calls, there are still 8300 outstanding, the buy timing was brilliant, I guess. The 515 and 520 calls did great as well. Betting that brkb will rise 10 % in 30-45 days is a long shot but the call buyers, got very lucky, I guess.
The volume in the common will be VERY interesting today, 6 million plus? Will the options trade? Stay tuned.
