My BRK-B bull call spread had one strike in the money today near expiry.

music selection:  “Hold Your Ground” — Cavo

I had the 177.5/180 bull call spread expiring today.  I bought for 1.90 a share on 1JUN2020.  With assignment threatened at close, I sell the spread for 1.6375 per share.  Across four spreads I lose 105 dollars on 760 capital at risk.  That is about 14% over 19 days in force for 265% annualized. I’ve been keeping spread positions small due to the volatility in the market and fortunately only lost 105 dollars.

Devour your prey raptors!

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Close BRK-B spread for a loss

Never miss another opportunity to devour prey!

2 thoughts on “Close BRK-B spread for a loss

  • July 7, 2020 at 7:26 am
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    So you bought the spread when BRK.B closed at 183.84 (1jun) and sold when it was at 179.72 (19jun). I wonder, what was your target price? Thanks for the excellent blog!

    Reply
    • July 7, 2020 at 2:17 pm
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      Target price was anything over 180.00 which would have allowed for the maximum profit. Thanks for reading!

      Reply

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