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Planet of the Apes H$55 Call
| Symbol: | PLNCA |
| Status: | Inactive |
| IPO Date: | Jul 9, 2001 |
Description
Mark Wahlberg stars in director Tim Burton's updated reimagining of the film Planet of the Apes. The series of the five original Apes films were released between 1968 and 1973. Long a James Cameron project, the remake finally launched as Fox's summer tentpole film for 2001 with director Tim Burton at the helm. Wahlberg plays an astronaut who crash lands on a planet where human beings are enslaved by highly-evolved apes. Helen Bonham Carter, Tim Roth, and Michael Clarke Duncan are among the stars under ape make-up.
Options are short term investment opportunities based around a specific event. Typically options are released opening weekend of a particular MovieStock. This form of speculation takes the form of "calls" and "puts" and last only for opening weekend.
Call
A call option is the opposite of a put option. A call speculates that the related MovieStock will have a higher box office take for its opening weekend than the strike price. A $20 call has a strike price of $20, and will delist at zero if the movie does not make $20 million or more during opening weekend. If the film makes more than $20 million it will cash out at a price determined by the following formula: (Actual Box Office - Strike Price). For Example if the film made $25 million the call would cash out at H$5.00 (H$25 - H$20).
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