Trade Alert 1/24/2024

We own 203 shares of BRK.B. We only have 1 covered call sold and have held off on the other as the stock is breaking out to the upside. Today, we think it makes sense to simply roll-up the first covered call and leave the remainder uncovered. Buy to close: BRKB Feb 16th (monthly) 380.00 strike call Sell to open: BRKB Feb 16th (monthly) 390.00 strike call Debit: 2.85 – still pending order In addition, we are looking to purchase a put spread hedge against our NEM stock. Buy to open: NEM Feb 16th (monthly) 35.00 strike put Sell to open: NEM Feb 16th (monthly) 32.50 strike put Debit: 0.73 – still pending order Max risk = 0.73 or $73.00 per spread Max reward = 1.77 or $177.00 per spread