Google shares hit $1,000 after strong earnings

Re:Google shares hit $1,000 after strong earnings by pslam on Friday October 18, 2013 @04:42PM (#6573896)

Especially if you wanted to do a simple covered-call, e.g:

  * Buy 100 GOOG at $1000.
  * Sell 1 Nov 16 $1050 Call.

(Edit: Then assuming GOOG doesn't go down significantly it's a profit even if assigned)

Normally that would be a relatively low risk position, but you'd need $100,000 in GOOG underlying to cover it, which is a rather large amount for small investors to throw around even with margin accounts. And that's just for ONE option.

Edit: Oh, and if you thought $1000 is annoying to trade, check out Berkshire Hathaway:

https://www.google.com/finance?q=NYSE:BRK.A

$175,400 per share.

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Re:Google shares hit $1,000 after strong earnings by tanzam75 on Friday October 18, 2013 @05:04PM (#6574000)

> Oh, and if you thought $1000 is annoying to trade, check out Berkshire Hathaway:

If you want to trade Berkshire Hathaway, you're supposed to trade the B shares -- not the A shares.

Berkshire A usually trades under a thousand shares per day. Even on a market-value basis, this is still much lower than the B shares.

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