Advice on expiring put below the strike price on BRK-B

Hi All,

Appreciate the community. I am pretty new to options trading and unfortunately have gotten burned a couple times already. Worst one being exercised on a NVDA put contract for 248. I have accepted that one at this point and just riding that one out, doing cc and just bag holding and hoping to see my money back in the next few years.

I really only sell puts on stocks or indexes I may be OK owning but since we are in this downtrend, I have second thoughts on owning them at such a high strike price,especially when they suddenly go down so quick. Probably my own fault for not being able to do DD research to understand the market and best price to get in I guess.

So my question is, I got one expiring on BRK-B this Friday at 285 while the stock price is currently sitting at 268. I'm roughly down $1500 minus the $140 premium I got for the contract.

Am I pretty much screwed here if I do not want to take those 100 shares?

Any advice on this and how to avoid in the future would be appreciated. I guess, in the future, I should really be watching it daily and when I see a price close to the money, I should have just closed it and taken a little lost compared to what has unfortunately happened to me a couple times now is what I am realising. Definitely lesson learned here.

Thanks for the help.