Sold My Long Call with Berkshire and Sold Short Calls on Palantir
I bought a 1 contract Berkshire B (BRK/B) Call on March 21st. This Call’s Expiration Date is January 16th, 2026. The position went up in value pretty fast. On April 3rd I was up $1100 but I didn’t sell because my Expiration Date was so far out. April 4th was the big down day and my profit with this Call melted away. The last few trading days Berkshire fought back and today the stock was up about $9. I checked my Call and I was up about $1150. Instead of letting the profit melt away again I put in a sell order, where if filled I would make a profit of $1200. About ten minutes later I was filled.
3/21/25 – Buy to Open 1 BRK/B 1/16/26 $530.00 C @ $40.00
4/14/25 – Sell to Close 1 BRK/B 1/16/26 $530.00 C @ $52.00
Profit +$1200
This market had been very volatile. I think it’s a good idea to take profit when you can. I will watch BRK/B very closely. I love the stock so if I see a an opportunity to get back in I will. I would say I’ll have another BRK/B position within a day or two.
I held this position for about three weeks. I invested $4000 and pulled out $5200 for a $1200 profit. This three week investment gave me a Return on Investment (ROI) of 30%.
Also today I sold Calls on my Palantir shares. I own 400 shares and I sold 4 Calls. I sold 4 PLTR 4/17/25 $103 Calls for a 60¢ premium. The total premium is $240. I like this Call because of the short contract. Today is Monday and this is a shortened trading week with the market being closed on Good Friday. The Calls I sold today will expire on Thursday. When I sold the Calls the stock was up $5. As I write PLTR is up $3.50 and the stock is at $92.05. With the volatility I don’t think the stock will go to, and stay above the $103 Strike Price. In this case I would rather keep the stock.
Sell to Open 4 PLTR 4/17/25 $103.00 C @ 60¢ (+$240)
Successful trading,
Steve
The Options Coach