Special Warrants
During the holidays, there are "holiday warrants" that allow one to predict the final gross of a movie by President's Day weekend of the following year. For example, there was a Narnia warrant of H$180 million. Since Narnia would make over US$300 million by February 20, 2006, anyone who purchased the warrant made over H$120 per share. On the other hand, Zathura had a holiday warrant for H$70 million. Since Zathura closed a month after its release and made less than U$30 million, anyone who predicted that it would make more than US$70 million lost their investment. During the summer, there are similar "blockbuster warrants" that allow one to predict the final gross of a movie by Labor Day weekend of that year.
HSX also releases various special derivatives throughout the year. During the summer of 2006, there were derivatives for the FIFA World Cup.
Read more about this topic: Hollywood Stock Exchange
Famous quotes containing the word special:
“The rebellion is against time pollution, the feeling that the essence of what makes life worth living—the small moments, the special family getaways, the cookies in the oven, the weekend drives, the long dreamlike summers Mso much of this has been taken from us, or we have given it up. For what? Hitachi stereos? Club Med? Company cars? Racquetball? For fifteen-hour days and lousy day care?”
—Richard Louv (20th century)