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Market Announcement: MovieStocks will no longer halt and adjust on opening weekend

Posted by: Antibody on Nov 20, 10:31

Beginning with the weekend of November 25th, MovieStocks of wide release films will no longer halt trading at 6 pm Pacific Time on Saturday and adjust in price on Sunday. 

Since the halt time was pushed back from Friday to Saturday six years ago, traders have been able to make trading decisions based on real box office performance.  Keeping the MovieStocks halted for another 16 hours or so has become redundant as MovieStock prices have mostly been settled by the Market.  This is especially true for films that open on Wednesday like the upcoming Thanksgiving weekend.

As noted throughout the site, the price of a MovieStock reflects the film's potential domestic box office during its first four weeks of wide release, or twelve weeks if the film remains in limited release.  This remains the same and does not change.    What has changed is the movie industry after nearly 20 years  of MovieStock price adjustment.  The standard weekend adjust multiplier has gone down from 2.9 to 2.8 to 2.7 as opening weekend takes up a bigger fraction of the 4-week box office.  Now, films are opening on Thursday night, which skews the opening weekend of genre blockbusters resulting in adjust prices that end up much higher than the delist prices of MovieStocks.  On the other hand, films that open before Christmas needlessly adjust down in price or remain deflated due to their opening weekend making up a smaller fraction of the 4-week box office over the holiday season.   These artificial price spikes and drops during opening weekend do not accurately reflect these films’ box office.

Making matter worse this year are several films opening wide on Sunday, December 25, which does not have a reliable standard multiplier.  There’s also no certainty that studios will even issue official two-day estimates on Monday, December 26 necessary to do the price adjustment.

Thank you for all your feedback as this decision was not made lightly.  For those who still want to play the halt, the Opening Weekend Warrants still halt on Friday at 10 am Pacific Time.  You can invest 100,000 shares, just like MovieStocks.






#Copshop locked up $950K on Friday including Thursday previews https://t.co/FRtF8lYrf0       TVStocks for new #CBS series #CSIVegas and #Ghosts are now trading on #HSX https://t.co/MKSk65bhJa       Teaser for Paranormal Activity: Next of Kin, on Paramount+ October 29 https://t.co/qrqVL0a1zP       Sabrina Wu joins Untitled Adele Lim Comedy       #Violet starring Olivia Munn gets November 5th release fate https://t.co/rllU4wk3t0       Red Notice will hit theaters November 5th, one week before Netflix #RedNotice https://t.co/iY9zTw5cKO       The Rescue will open in theaters on October 8th #NatGeo #TheRescue https://t.co/N1g9ABItcu       New trailer for A Boy Called Christmas, on Netflix November 21st #ABoyCalledChristmas https://t.co/mZlWGf63DR       Hala Finley joins Hypnotic opposite Ben Affleck       First trailer for #TheHumans starring Richard Jenkins and Steven Yeun https://t.co/LNuPJwNUU7      
Uncharted (UNCHT) 150000 91.93 (+0.85)         Uncharted (UNCHT) 150000 91.93 (+0.85)         The Velvet Underground (TVUND) 150000 0.14 (+0.05)         Are You Afraid of the Dark? (AYAFD) 88999 0.42 (-0.02)         Venom: Let There Be Carnage (VENM2) 150000 140.75 (+1.25)         Venom: Let There Be Carnage (VENM2) 150000 140.75 (+1.25)         Gunpowder Milkshake (GPDMS) 150000 0.10 (-0.01)         CBS: Ghosts (GHOSTS) 25000 10.86 (+0.86)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         CBS: CSI: Vegas (CSIVEG) 25000 11.50 (+1.50)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         Cry Macho (CRYMC) 150000 17.06 (-0.79)         The Velvet Underground (TVUND) 150000 0.14 (+0.05)         Cry Macho (CRYMC) 150000 17.06 (-0.79)         The East (THEAS) 150000 0.07 (-0.05)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         Untitled M. Night Shyamalan Proj (UMNSP) 50000 30.00 (0.00)         Pinocchio - Netflix (PNOCH) 150000 0.10 (-0.01)         The Many Saints of Newark (TMSON) 150000 28.49 (+0.15)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         Pinocchio - Netflix (PNOCH) 150000 0.10 (-0.01)         The Addams Family 2 H$10 Put (ADAM2.PU) 25000 1.93 (-0.11)         The Addams Family 2 - Opening We (ADAM2.OW) 100000 10.92 (-0.11)         Titane (TITNE) 150000 1.00 (+0.01)         Triplets (TRPLT) 6000 14.94 (+1.46)         Venom: Let There Be Carnage (VENM2) 150000 140.75 (+1.25)         The Eyes of Tammy Faye (TEOTF) 150000 6.27 (-0.30)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         CBS: Ghosts (GHOSTS) 25000 10.86 (+0.86)         The Eyes of Tammy Faye (TEOTF) 100000 6.27 (-0.30)         The Chronicles of Narnia (NARN4) 150000 0.08 (-0.03)         Mass (MASS) 15000 4.07 (-0.02)         CBS: CSI: Vegas (CSIVEG) 25000 11.50 (+1.50)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         A Hero (AHERO) 150000 0.06 (-0.02)         Venom: Let There Be Carnage (VENM2) 1100 140.75 (+1.25)         Shang-Chi and the Legend of the (SHCHI) 2000 187.22 (-0.90)         Venom: Let There Be Carnage (VENM2) 2000 140.75 (+1.25)         Copshop (COPSH) 150000 12.03 (-0.47)         Atomic Blonde 2 (ABLO2) 150000 0.10 (0.00)         Venom: Let There Be Carnage (VENM2) 400 140.75 (+1.25)         Triplets (TRPLT) 150000 14.94 (+1.46)         Old Henry (OHNRY) 150000 0.05 (+0.02)         Swan Song (SWSNG) 150000 0.08 (-0.02)         The Addams Family 2 (ADAM2) 7000 30.58 (+0.07)         Untitled M. Night Shyamalan Proj (UMNSP) 150000 30.00 (0.00)         Kate (KATE) 150000 0.02 (0.00)         The Many Saints of Newark H$10 C (TMSON.CA) 25000 2.27 (+0.06)