jad is good as far as he goes. I read what he says. Top few on this board.
I was taught long ago that when I don't understand something I need to think harder. jad was taught that when he doesn't understand something it's bull. Depending on the situation, either one can be true.
yeah, baKK when I used to daytrade BRKa from the short side in 2008 & then long post March 2009, the risk seemed as tiny as the profits and a few $100 of profits x 5 days/wk x 52 wks/yr made it worthwhile.
Now? BRK is in duh HFT spin-cycle & with it baKK over 1.3x BV (& approaching IV), duh risKs are bigger than duh profits.
Plus, option premiums are so low I don't even churn profits that way, as I did in 2010 & 2011.