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Stocks B / Berkshire Hathaway

URL:  http://boards.fool.com/buying-calls-has-a-risk-i-am-not-sure-is-clear-30373500.aspx

Subject:  Re: BRK Leaps: Date:  11/10/2012  8:16 AM
Author:  mungofitch Number:  195719 of 224547

Buying calls has a risk I am not sure is clear thus far in this thread:
Berkshire's stock price could be cut in half, along with the rest of
the market, and stay there past your expiration date, only to recover
fully and a whole lot more at some point down the line. Your call options: Worthless.


Nice post. But I wouldn't consider this specific point a big risk.
My $45 BRK call options will expire worthless? It could happen, but it seems unlikely in the extreme.
Even an ending price under $75 seems rather unlikely, though it's in the realm of possibility.

I buy call options with the intent of having the money (if need be) to exercise
them at expiry or an