Symbol: | BWUP |
Status: | Inactive |
Delist Date: | Oct 3, 2009 |
Blockbuster Warrants
Blockbuster Warrants are Hollywood Derivatives which allow traders the opportunity to invest in the long-term financial success of the biggest studio movies for the 2009 summer season. Blockbuster Warrants are similar to Call Options. The strike price for the First Round is the estimated total domestic box-office take through Labor Day Weekend 2009.
If this particular film makes the strike price by September 7, 2009, the warrant will cash out at the difference between the actual box office and the strike price. If the film does not hit the strike price, then the warrant will cash out at zero.
Example:The Up Blockbuster Warrant has a H$170 strike price. If Up makes $190 million domestically, then the Up Blockbuster Warrant will cash out at H$20 per share. (Box Office - Strike Price [$190-$170]). If Up makes less than $170 million, then the warrant will cash out at H$0. Round One of the Blockbuster Warrants will cash out on September 8, 2009.
BW - Up H$170 (BWUP)
H$120.87 October 3, 2009
Delist Date Delist Price
Shares Held Long on HSX: 0
Shares Held Short on HSX: 0
Trading Volume on HSX (Today): 0
This Week | H$111.68 | H$107.68 |
This Month | H$111.68 | H$92.18 |
This Season | H$111.68 | H$13.45 |
This Year | H$111.68 | H$5.00 |
What is a: Derivative, Status, Change Today