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Red Planet H$10 Put
| Symbol: | RPLPU |
| Status: | Inactive |
| IPO Date: | Nov 6, 2000 |
Description
Red Planet stars Val Kilmer as an astronaut who becomes stranded on the fourth rock from the Sun.The film co-stars Carrie-Anne Moss, Tom Sizemore, Simon Baker-Denny and Benjamin Bratt, and is directed by Antony Hoffman, who makes his feature debut with the film.
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.
Put
A put option is the opposite of a call option. A put speculates that the related movie will have a lower box office take for its opening weekend than the strike price. A $20 put has a strike price of $20, and will cash out at zero if the movie makes more than $20 million or more during opening weekend. If the film makes less than $20 million it will cash out at a price determined by the following formula: (Strike Price - Actual Box Office). For Example if the film made $15 million the put would cash out at H$5.00 (H$20 - H$15).
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