HSX Forum

Playing & Trading Strategy

Additional question about OW

Posted by: Llew on Jun 26, 13:12 in response to mrcolwin's post Opening Weekend warrant question

What happens with an opening weekend warrant if the film opens below the strike price? How will it cash out? The description does not mention this. Will it cash out at zero as the blockbuster warrant?

The strike price of The Flash OW was 110, so i shorted it, and earnd on the cash out, but this was the first time I did that with an opening weekend warrant.

With the 25,000 limit and the H$ 5 starting price, it's only a little lose at zero cash out with the BW, and not realy worth the shorting. On the other hand, with an OW it could be worth it, but such a failure as The Flash is rare.





Post a Reply

To post to the forums you must first login!


Mickey 17 aka Mickey7 (MCKY7) 1 89.48 (+0.68)          Gladiator II - Opening Weekend (GLAD2.OW) 100000 69.53 (-0.18)          Gladiator II H$70 Call (GLAD2.CA) 25000 2.12 (-0.10)          Gladiator II H$70 Put (GLAD2.PU) 25000 4.32 (+0.15)          Flight Risk (FLTRS) 150000 29.53 (+0.38)          Flight Risk (FLTRS) 150000 29.53 (+0.38)          The Movie Teller (MVTEL) 150000 0.05 (+0.04)          The Movie Teller (MVTEL) 150000 0.05 (+0.04)          The Six Triple Eight (6TRP8) 65000 0.01 (-0.03)          Dune: Messiah aka Dune: Part Thr (DUNE3) 150000 170.21 (-1.75)          Werewolves (WEREW) 50000 15.98 (-0.52)          Spider-Man Untitled (SPID9) 150000 354.79 (-1.12)          CW: The Librarians: The Next Cha (LIBTNC) 90 7.47 (+0.13)          Red One (REDON) 150000 86.13 (-1.90)          Wicked (WICKD) 150000 293.53 (+5.54)          Michelle Dockery (MDOCK) 25000 35.25 (+0.57)          Michelle Dockery (MDOCK) 25000 35.25 (+0.57)          Wicked - Opening Weekend (WICKD.OW) 100000 118.56 (+2.53)          Liam Neeson (LNEES) 25000 3.19 (-0.20)          Liam Neeson (LNEES) 25000 3.19 (-0.20)          CBS: Watson (WATSON) 25000 12.34 (-0.38)          Spa Weekend (SPAWK) 150000 10.00 (0.00)          CBS: Watson (WATSON) 10000 12.34 (-0.38)          CBS: Matlock (MATLOC) 1000 15.65 (+0.28)          Spider-Man Untitled (SPID9) 10 354.79 (-1.12)          Legally Blonde 3 (BLON3) 6 14.12 (+0.08)          A Head Full of Ghosts (AHFOG) 18 1.15 (+0.02)          Famous (FAMOS) 150000 21.65 (-0.28)          Aladdin 2 (ALAD2) 5 36.87 (-0.16)          Aladdin 2 (ALAD2) 5 36.87 (-0.16)          Bermuda (BTRIA) 14 2.82 (+0.02)          Bermuda (BTRIA) 8 2.82 (+0.02)          You Should Be Dancing aka Untitl (BEEGE) 3 20.35 (+0.03)          Baby Driver 2 (BDRV2) 3 8.65 (+0.02)          Cold Pursuit 2 (CLDP2) 5 2.19 (+0.01)          Big Trouble in Little China (BTILC) 2070 2.77 (-0.03)          Astaire (ASTAI) 3 9.72 (+0.02)          Beetlejuice Beetlejuice $250M Bl (BEET2.BW) 25000 16.07 (-0.21)          Assassination (ASSNT) 3 14.18 (-0.01)          Wicked (WICKD) 25000 293.53 (+5.54)          The Wedding Banquet (TWEDB) 1 8.81 (+1.35)          Beetlejuice Beetlejuice $250M Bl (BEET2.BW) 25000 16.07 (-0.21)          Spider-Man: Beyond the Spider-Ve (ASPD3) 3 207.39 (-0.39)          Anaconda (ANAC3) 3 38.81 (-0.01)          Parthenope (PRTNP) 50000 2.49 (+0.23)          Mother Mary (MMARY) 1 8.38 (+3.61)          Parthenope (PRTNP) 50000 2.49 (+0.23)          Balls Up (BALUP) 6 32.13 (-0.19)          Parthenope (PRTNP) 50000 2.49 (+0.23)          Spa Weekend (SPAWK) 150000 10.00 (0.00)