On February 27th, last Thursday, I posted that I bought options in four companies. One of them was Berkshire Hathaway B (BRK\/B). I bought 1 BRK\/B 12\/19\/25 $500 C @ $42. In the few days since I purchased this Call the stock popped. I own the Call with an Expiration Date of December 19th but with today’s market environment I decided to lock in the profit I have. I just sold this Call for a premium of $53<\/p>\n
2\/27\/25 \u2013 Buy to Open 1 BRK\/B 12\/19\/25 $500.00 C @ $42.00<\/strong><\/p>\n 3\/3\/25 – Sell to Close 1 BRK\/B 12\/19\/25 $500.00 C @ $53.00<\/strong><\/p>\n I held this position for two trading days and I locked in a $1100 profit. This is a Return on Investment (ROI) of 26%.<\/p>\n I sold this position because the stock has been on a crazy run and the RSI is peaking up near 74. I felt there was a pullback coming. As soon as I sold this option the stock started moving down. As I am writing the stock is going down fast. Also, as I’m writing the stock moved down from $516 to $511. I decided this might be a good time to get back back in. I looked at the option chain for something I liked. I liked the Sept 19th $510 Call. It was selling at $36.50 but I decided to put in a low offer. I placed an order to buy 1 BRK\/B 9\/19\/25 $510 C at $35. This $35 was a lot lower than where it was at, $36.50, but I figured I would take a shot at getting it cheap. As I’m writing I was filled at the $35. I’m very happy with this position and the price I paid. The stock stopped moving down and is now moving horizontally but slightly up. I think this position will be another winner. However, it might take a little longer than two days!<\/p>\n Buy to Open 1 BRK\/B 9\/19\/25 $510.00 C @ $35.00 (Delta .61)<\/strong><\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On February 27th, last Thursday, I posted that I bought options in four companies. One of them was Berkshire Hathaway B (BRK\/B). I bought 1 BRK\/B 12\/19\/25 $500 C @ $42. In the few days since I purchased this Call the stock popped. I own the Call with an Expiration Date of December 19th but […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-15037","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Ux","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15037"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15037\/revisions"}],"predecessor-version":[{"id":15041,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15037\/revisions\/15041"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$1100<\/strong><\/span><\/h4>\n