Trade Alert 11/3/2023

We are going to make an adjustment on our 1×2 call spread in BRKB. This is a defensive adjustment to improve our trade in the event of the stock going higher into December. This does increase our risk (cost) on the 1×2 spread. But if the stock goes sharply higher, this will save us a lot of money. We rolled up one of the short calls in BRKB as follows: Buy to close: BRKB Dec 15th (monthly) 355.00 strike call (ratio of 1) Sell to open:  BRKB Dec 15th (monthly) 365.00 strike call (ratio of 1) Debit: 3.70 – this order has filled This increases our risk by 3.70 or $370.00 per spread if the stock is below 345/share at Dec expiration. This increases our reward by 6.30 or $630.00 per spread if the stock is above 365/share at Dec expiration.