Where Can I find info about Berkshire Hathaway leaps

**xue_michael** Wed Jan 25, 2006 11:56 pm

Blast,

Where Can I find info about Berkshire Hathaway leaps? Thanks.

Michael

**blast_investor** Thu Jan 26, 2006 12:33 am

I did quick look at it and I can not find it from chicago option exchange or Yahoo.

You can call your broker to get quote from it.

BRK/A or BRK/B is very large company, broker would know option trading on it.

**grus2003** Tue Jan 31, 2006 12:15 pm

1. There is no option on BRKA/B.
2. Even if there is, it's suicide to trade them.

You have to understand how option works before you do it.

**blast_investor** Tue Jan 31, 2006 12:35 pm

Agree with grus2003 on danger of option trading.

Option is usually not suitable for conservative investors.

On the other hand, I do believe BRK/A or BRK/B has leap available for trading. The reason is that I read a report recently from value investing congress that one hedge fund manager was pushing for leap of Birkshire.

grus2003 wrote: 1. There is no option on BRKA/B.
2. Even if there is, it's suicide to trade them.

You have to understand how option works before you do it.

**grus2003** Tue Jan 31, 2006 1:07 pm

Not sure if any option exchange would like to introduce options on brka/b since it's hard for them to make money on this mainly because
1. demand is low, maintanence cost is high relative to the premium collected & money from bid/ask spread.
2. volume of brka/b stock trading is too low, it's hard to get stock shares to deliver.

Take a look at GOOG options, billions of money get involved. Both exchange & brokers can make big money on it.

Unless Buffet does a 1:100 stock split, I don't think there would be brka/b options in foreseeable future.

blast_investor wrote: Agree with grus2003 on danger of option trading.

Option is usually not suitable for conservative investors.

On the hand, I do believe BRK/A or BRK/B has leap available for trading. The reason is that I read a report recently from value investing congress that one hedge fund manager was pushing for leap of Birkshire.

grus2003 wrote: 1. There is no option on BRKA/B.
2. Even if there is, it's suicide to trade them.

You have to understand how option works before you do it.

**blast_investor** Mon Feb 06, 2006 1:24 am

Here is Value Investing Congress pitch on Birkshire's leap:

http://www.valueinvestingcongress.com/Tilson-Tongue-BRK-presentation.pdf

**grus2003** Tue Feb 07, 2006 12:44 am

This guy is crazy, holding 5-year $80000 calls @30000. I believe Buffet will be mad if he heard of this story.

He will have a much better chance to make money by switching his money to GOOG call/put.

blast_investor wrote: Here is Value Investing Congress pitch on Birkshire's leap:

http://www.valueinvestingcongress.com/Tilson-Tongue-BRK-presentation.pdf