Buy BRKB via selling Jul 100 puts @110.9
Buy Bershire Hathaway on this minor decline.
I layer another put backration on SPY @165.2
selling 2x Jul 148 puts
buying 1x Jul 151 puts
I like to do the backratio as net bullish. It has an explosive profit on a decline to 148 at expiration. Large losses occur on a decline below 145. No move or a move up lets me keep the tiny credit.
I have had the stock market on storm watch for some time now. Is this two day hiccup a passing shower, or the start of monsoon season, or something in between?
Long APC BA BRKB HOT IWM LGF NTAP PG SBUX
Net long SPY