From Newsmax:
While iconic investor Warren Buffett has warned against trading stock options, such trading began for his Berkshire Hathaway this week on the Chicago Board Options Exchange.
In 2008, during Berkshire's annual meeting, Buffett said, "Usually, if you want to buy or sell a stock, you should buy or sell the stock… Using options, four times out of five you will be right, the last one you'll miss. I've virtually never used options as a way to enter or exit a position."
Nevertheless, investors can now do so on Berkshire stock itself. The CBOE provides trading of contracts based on Berkshire's Class B shares.
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