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:
“Those of us who are in this world to educate—to care for—young children have a special calling: a calling that has very little to do with the collection of expensive possessions but has a lot to do with the worth inside of heads and hearts. In fact, that’s our domain: the heads and hearts of the next generation, the thoughts and feelings of the future.”
—Fred M. Rogers, U.S. writer and host of Mr. Rogers Neighborhood. “That Which is Essential Is Invisible to the Eye,” Young Children (July 1994)