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:
“We defy augury. There’s a special providence in the fall of a sparrow. If it be now, ‘tis not to come. If it be not to come, it will be now. If it be not now, yet it will come. The readiness is all.”
—William Shakespeare (1564–1616)