Now Trading
- Latest IPO »
  The Beatles Sam Mendes will direct four films about The Beatles, each...
- Box Office »
News & Events
- Opening »
  Wicked Universal is adapting the musical sensation Wicked into a...
Community
- Trader Watchlist »
  The trader watchlist let's you keep an eye on the Net Worth of your friends and fellow traders. Build yours now!
Earn H$
- Tell a Friend »
  Get your friends into HSX and earn H$25,000 each!

advanced

HSX Forum

Playing & Trading Strategy

Reply Topic List All Forums

answer...

Posted by: RazorHawk on Feb 29, 10:41 in response to nextlvl's post Quick question on shorting Award Funds

If you short on of the AwardOptions and that selection does not win... it cashes out at $0

This is posted on every AwardOption page description:

DESCRIPTION

AwardOptions allow traders to buy and sell the Oscar nominees with exclusive Hollywood Derivatives centered on the 88th Academy Awards. The AwardOptions will halt trading at 1 p.m. Pacific on Sunday, February 28th, in preparation for the awards ceremony to be held that evening. The AwardOption for the winner will cash out at H$25.00, while those failing to win will delist at H$0.00.

Quick question on shorting Award Funds nextlvl Feb 29, 10:21

answer... RazorHawk Feb 29, 10:41

Shorted award options cash out at $0. {nm} laujer Feb 29, 10:42

They will cashout at 0 so you will net the cost paid x2. Example, you got it at $10 then, regardless of movement since your buy, you made Willroast Feb 29, 10:46

Sorry, "net" should be "gross" (I think). in any case, multiply your cost paid by 20K (assuming full ownership) and you have your profit. {nm} Willroast Feb 29, 10:50

yes, that is what I was thinking but wasnt sure, thanks! {nm} nextlvl Feb 29, 13:14

Based on you gain today, looks like you did pretty well on the Oscarvbids. Well done! {nm} VicMackeyYTD Feb 29, 16:23

Post a Reply

Help

About HSX

What is HSX all about?

Hollywood Stock Exchange is The Entertainment Market^TM where you can buy and trade movies, stars and more using Hollywood Dollars®. Sign up and we'll get you started with H$2,000,000.
Sign up now »

Legally Blonde 3 (BLON3) 100000 13.78 (-0.18) Untitled Event Film Directed by (UEFCN) 75000 121.18 (+0.16) Moana 2 H$130 Put Wed-Sun (MOAN2.PU) 25000 1.00 (-0.02) The Beatles (BEAT1) 150000 77.57 (+2.56) Elio (ELIO) 25000 135.16 (-0.17) The Senior (SENIR) 150000 4.32 (+0.75) Avatar: Fire and Ash aka Avatar (AVAT3) 15000 437.38 (-0.18) The Senior (SENIR) 100000 4.32 (+0.75) Wuthering Heights (WUTHR) 100000 38.27 (+0.43) A Simple Favor 2 (ASFA2) 150000 17.69 (+0.06) The Beatles (BEAT1) 100000 77.57 (+2.56) Sneaks (SNEKS) 100000 14.32 (+1.31) Spa Weekend (SPAWK) 150000 13.93 (+1.12) Gladiator II (GLAD2) 8 168.03 (-2.47) Gladiator II (GLAD2) 150000 168.03 (-2.47) Gladiator II (GLAD2) 150000 168.03 (-2.47) See You When I See You (SYWIS) 150000 4.45 (+0.99) Big Trouble in Little China (BTILC) 7 2.71 (0.00) The Beatles (BEAT1) 150000 77.57 (+2.56) Highlander (HIGHL) 100000 24.50 (+0.10) Highlander (HIGHL) 100000 24.50 (+0.10) Top Gun 3 (TOPG3) 1 228.91 (-0.16) The Senior (SENIR) 150000 4.32 (+0.75) The Beatles (BEAT1) 150000 77.57 (+2.56) The Legend of Zelda (ZELDA) 150000 117.72 (+0.77) Paper Tiger (PTIGR) 150000 21.00 (+0.81) Spa Weekend (SPAWK) 150000 13.93 (+1.12) Hitpig (HITPG) 49999 2.37 (+0.01) Dear Santa (DSATA) 150000 0.70 (-0.01) Mission: Impossible - The Final (MISS8) 2500 163.68 (-0.11) The Beatles (BEAT1) 150000 77.57 (+2.56) Tilda Swinton (TSWIN) 15000 8.69 (+0.03) Roofman (ROOFM) 75000 21.43 (+0.01) Ian McKellen (IMCKE) 1000 33.62 (-0.86) Sophie Thatcher (STHAT) 1000 21.51 (0.00) Kraven the Hunter (KRAVN) 1000 76.82 (-0.01) Kraven the Hunter (KRAVN) 1000 76.82 (-0.01) RoboCop Returns (ROBO2) 5000 0.56 (0.00) Sneaks (SNEKS) 100000 14.32 (+1.31) Kraven the Hunter (KRAVN) 4000 76.82 (-0.01) See You When I See You (SYWIS) 150000 4.45 (+0.99) Him aka Goat (GOAT1) 5000 21.20 (0.00) The Beatles (BEAT1) 40000 77.57 (+2.56) Wicked (WICKD) 150000 306.45 (+0.55) The Senior (SENIR) 150000 4.32 (+0.75) Josh Hartnett (JHART) 17000 64.34 (-0.17) The Senior (SENIR) 150000 4.32 (+0.75) Gundam (GUNDM) 100000 13.92 (-0.15) Spa Weekend (SPAWK) 150000 13.93 (+1.12) Spa Weekend (SPAWK) 150000 13.93 (+1.12)