Corner of Berkshire & Fairfax Message Board

General Category => Fairfax Financial => Topic started by: vsyal1 on March 18, 2014, 07:11:24 PM

Title: Fairfax Options
Post by: vsyal1 on March 18, 2014, 07:11:24 PM
I am a newcomer and am still feeling my way around.  My questions is basic: Are there options for this stock in the US (I could not find them)?  If not, is the best way to consider options on the Toronto exchange? Thanks for the help.
Title: Re: Fairfax Options
Post by: Granitepost on March 18, 2014, 09:14:57 PM
There are no options on Fairfax in Canada or in the US, so you will have to buy the shares directly in either market.  In Canada the symbol is FFH.
Title: Re: Fairfax Options
Post by: obtuse_investor on March 19, 2014, 06:05:59 AM
I recall Eric mentioned that he invested in FFH options at some point in the past.

Eric: Did these exist in the past or did you do some fancy OTC deal?
Title: Re: Fairfax Options
Post by: Redskin212 on March 19, 2014, 06:10:23 AM
Options were available on FFH when the stock traded on the NYSE. 
Title: Re: Fairfax Options
Post by: Uccmal on March 19, 2014, 07:54:20 AM
Several of us bought calls on FFh from 2005 through 2008, until they delisted on the NYSE. 

At the risk of starting an argument why would you want Options on FFh when it is at least fairly valued, if not overvalued?  I only buy options when there is a clear undervaluation. 

Finally, a word of advice.  Dont buy options on Canadian stocks unless you are prepared to ride them to the end.  Once you have got them, you are stuck.  I have had MFC options and Celestica expire worthless, after two years of watching them deteriorate, and being unable to sell at any price. 
Title: Re: Fairfax Options
Post by: vsyal1 on March 20, 2014, 01:40:12 PM
Thank you for the information and advice.
Title: Re: Fairfax Options
Post by: Shawn on March 20, 2014, 02:00:19 PM
Welcome to the board friend !!