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!