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 gap between ideals and actualities, between dreams and achievements, the gap that can spur strong men to increased exertions, but can break the spirit of others—this gap is the most conspicuous, continuous land mark in American history. It is conspicuous and continuous not because Americans achieve little, but because they dream grandly. The gap is a standing reproach to Americans; but it marks them off as a special and singularly admirable community among the world’s peoples.”
—George F. Will (b. 1941)