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Jim,
"Right now I'm seeing the lowest estimated interest rate at strike $120 (3.98%), but the bid/ask at that strike is lower than the surrounding ones so it may be a head fake as suggested above.
At the time I did my snapshot there are only 11 contracts offered at the ask, far less than the 100+ at several surrounding strikes.

Jim "


This calculation demonstration in the full post caused some alternative neurons to connect. BRK.b has been above $120 since early 2014. Current BV is $200 plus with announced price support buybacks at prices near that level from the cash rich company. Which leads to the idea that buying the BRK.b and selling the two year calls for a 4% - 5% annual yield could be a good replacement for a portion of a laddered bond portfolio. Return is about twice current treasury yield.
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