Hello Investors,
Today we discussed IPO, secondary offerings, stock buyback programs, insider buying and selling. This is in reference to why we took profits on our Berkshire (BRK.b) stock position. Trade adjustments shown below.
Sold: BRKB 10 shares at 516.12 for a total profit of +$509.20
Exited our SPY put butterfly for a small profit.
Sold to close: SPY April 17th (monthly) 580.00 strike put (ratio of 1)
Buy to close: SPY April 17th (monthly) 540.00 strike put (ratio of 2)
Sold to close: SPY April 17th (monthly) 500.00 strike put (ratio of 1)
Credit: 4.22
Locks in a small profit
Have a great week!