Buy BRKB via selling Jul 70 puts @79.4
There is chart support, and Berkshire Hathaway has an ongoing buy back program that make a steep decline unlikely. BRKB has a beta of .51, so a 10% decline in the stock might mean a 20% market decline.
Buy IWM via selling Jul 61 puts IWM@76.1.
For the Russell 2000 ETF, 61 was the closing low in October 2011. It is also about a 20% decline from here.
I don't have a strong read on the various markets. The next Greek election on Sunday 6/15 may or may not be a market moving event, but it is a date to circle. After the May expiration, with so many positions expiring freeing up buying power, I put some capital to work.
Long BRKB, GNC, IWM, LGF
Net long SPY