Our favorite idea continues to be Berkshire Hathaway B shares. They are fundamentally sound and have a lot of cash. While they are not immune to a market downturn, they are well positioned to weather any storm. We bought 8 more shares in our Robinhood automated account.
Bought 8 BRK-B shares at 502.73In addition, we have placed an order to take profits in the Put Spread we bought in CEG. We anticipated a little more downside in the stock and wanted to take advantage of it. The details are as follows:
Sell to close: CEG March 20th (monthly) 280.00 strike put
Buy to close: CEG March 20th (monthly) 270.00 strike put
Credit: 7.00 – pending order as it has not executed as of yet
We entered the position at 4.20 debit and if we get an exit at 7.00 credit. The result would be a profit of +2.80 per spread.