HSX Forums: Announcements Board






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.





The Lion King H$185 Call (LIONK.CA) 20000 4.06 (-0.37)         Sweetheart (SWTHT) 100000 7.98 (+6.04)         Sweetheart (SWTHT) 100000 7.98 (+6.04)         Fast & Furious Presents: Hobbs & (FAFHS.PU) 20000 2.00 (0.00)         Little Monsters (LMNST) 1 1.74 (-0.02)         Sweetheart (SWTHT) 100000 7.98 (+6.04)         Red Notice (RNOTC) 9198 20.61 (+2.77)         Little Monsters (LMNST) 50000 1.74 (-0.02)         Avatar 3 (AVAT3) 57884 328.31 (+0.09)         Fantasy Island (FANIS) 1000 51.50 (-0.47)         Tilda Swinton (TSWIN) 19999 61.47 (+3.21)         Patricia Arquette (PARQU) 19999 52.83 (-2.94)         The Lodge (LODGE) 50000 3.43 (+0.04)         Joan Cusack (JOANC) 19999 59.76 (-2.01)         Caleb Landry Jones (CLJON) 19999 24.64 (+0.99)         Hustlers (HSTLR) 100000 35.03 (+5.65)         Spy Guys (SPYGS) 100000 27.50 (+0.83)         The Little Mermaid - Disney (TLMER) 52636 228.75 (+1.35)         Christina Hendricks (CHEND) 19999 60.82 (-4.31)         The Banker (BANKR) 100000 10.01 (-2.54)         Fast & Furious Presents: Hobbs & (FAFHS.OW) 100000 85.00 (0.00)         Adopt a Highway (ADPHW) 100000 1.55 (0.00)         Fast & Furious Presents: Hobbs & (FAFHS.CA) 20000 2.00 (0.00)         Hustlers (HSTLR) 100000 35.03 (+5.65)         Sweetheart (SWTHT) 100000 7.98 (+6.04)         Operation Mincemeat (OPMNC) 98018 8.00 (0.00)         Hustlers (HSTLR) 100000 35.03 (+5.65)         Birds of Prey (GOTCS) 100 162.90 (-0.56)         The Lion King H$185 Put (LIONK.PU) 20000 3.12 (+0.35)         The Lion King (LIONK) 2000 473.08 (-1.29)         Fast & Furious Presents: Hobbs & (FAFHS.CA) 20000 2.00 (0.00)         The Lion King H$185 Put (LIONK.PU) 20000 3.12 (+0.35)         Fast & Furious Presents: Hobbs & (FAFHS.OW) 100000 85.00 (0.00)         Operation Mincemeat (OPMNC) 100000 8.00 (0.00)         The Lion King H$185 Put (LIONK.PU) 20000 3.12 (+0.35)         The Lion King H$185 Put (LIONK.PU) 20000 3.12 (+0.35)         Fast & Furious Presents: Hobbs & (FAFHS.OW) 100000 85.00 (0.00)         Akira (AKIRA) 100000 33.63 (-1.35)         47 Meters Down: Uncaged (48MDW) 20000 23.17 (+0.08)         Fast & Furious Presents: Hobbs & (FAFHS.CA) 20000 2.00 (0.00)         The Aeronauts (AERON) 3726 12.68 (-0.17)         Shazam 2 (SHAZ2) 100000 92.33 (+1.48)         Shazam 2 (SHAZ2) 100000 92.33 (+1.48)         Daniel Isn’t Real (DANIR) 1 2.58 (+0.04)         Daniel Isn’t Real (DANIR) 50000 2.58 (+0.04)         Hustlers (HSTLR) 100000 35.03 (+5.65)         Sweetheart (SWTHT) 100000 7.98 (+6.04)         Operation Mincemeat (OPMNC) 100000 8.00 (0.00)         Operation Mincemeat (OPMNC) 1982 8.00 (0.00)         Black Panther 2 (BPNT2) 100000 407.90 (-0.99)