Originally Posted by james22
Sure, if it's part of your asset allocation.
I sold a naked put on the B shares with a $125 strike last August. It expired in December (which means that I kept the premium and didn't get exercised). The June 2016 puts with a $110 strike are already trading over $2/share.
I'm not going to get into an analysis of the companies or the Buffett/Munger succession issue (Happy 92nd birthday, Charlie!). I'll point out that Buffett's commitment to purchase shares at 120% of book value is not a floor on the value of the stock.
Buffett has said that Berkshire might start buying at that price, but they'll "fade" if other bargains become available. A market that drops BRK/B to $125/share will doubtless produce other compelling bargains within a few months as companies run low on cash and ask Buffett for a high-interest loan.
So, $125/share seems to be a reasonable price. Its all-time high was a bit over $150/share in late 2014. Lower prices would be a happier bargain.
I've reluctantly concluded that I don't want to part with any of our BRK/B shares.