Wednesday, August 03, 2011

Buy BRKB (buy calls)

Buy BRKB via buying Aug 77.5 calls with
BRKB@74.0

A departure for me, buying calls. Berkshire Hathaway earnings come out after the close on Friday, and stock is near support. I am buying the 13% chance 77.5 calls because if earnings are bad, the higher priced, higher probability 75 strike calls are likely to go out worthless.

Long BRKB, GLD, IWM, SPY, TLT

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