Friday, May 09, 2008

Buffett and derivatives

Berkshire Hathaway disclosed paper losses on some of their long term SP index puts.

Here is a blog entry at Financial Crookery about that position (link) see May 8 entry. It is a bit deep in jargon, so option newbies might find it difficult reading.

Positions: long AXP, EWZ, HON, PCLN
all are out of the money short puts expiring next Friday 5/16

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