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New Covered Call Trade on Berkshire Hathaway

|Includes:Berkshire Hathaway inc. (BRK.B)

Following Warren Buffett's decision to buyback shares of BRK.B, I placed a new covered call trade on Berkshire Hathaway.  The buyback will place a "floor" on the stock price so there will be limited downside because as price decreases Buffett will buyback more shares.  Therefore, I placed a covered call by selling the October 2011 72.5 call for each 100 shares of BRK.B shares.

Stocks: BRK.B