Chou Associates Management Inc.

Q4 2018 13F Holdings Report, Options Holdings

Notable people: Francis Chou
Signature - Title: Francis S.M. Chou - CEO
Location: Toronto, Ontario, Canada
Options holdings as of: 31 Dec 2018
Notional value: $10,323,000
Number of holdings: 3
Filing time: 14 Feb 2019, 11:29:49 UTC
Description: All US holdings of this investor are reported in this report.
Previous filing: Q3 2018 - 13 Nov 2018
Next filing: Q1 2019 - 13 May 2019
Stock holdings: Showing options holdings, see here for stock holdings

Sym	Company	Class	Option	Share Change	Activity	* Price $	Shares	Notional Value

Filing 2018 Q4 compared to 2018 Q3 by default. Changes are calculated vs the previous SEC filing.

Compare Q4 2018 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Francis S.M. Chou	CEO	Toronto, Ontario, Canada	13 Feb 2019