Trade Alert 2/29/2024

We rolled one of our SNOW covered calls yesterday and added a call butterfly. Probably the right decision given our positions. However, we never could have predicted the CEO stepping down. This is clearly a negative as Slootman is very well respected and has been a big part of the Snowflake story. Our March 1st cc will expire this weekend. We have sold another today to replace that option. This does leave us “naked” for 2-days but the March 1st cc is way OTM. Sold to open: SNOW March 8th (weekly) 205.00 strike call Credit: 1.80 – this order has filled In addition, we have rolled-up one of our Berkshire (BRKB) covered calls today as follows: Buy to close: BRKB March 15th (monthly) 410.00 strike call Sell to open: BRKB March 15th (monthly) 420.00 strike call Debit: 3.90 – this order has filled