HSX Forum

Playing & Trading Strategy

Movie tip: PNDRM this weeked, Movie Stock vs. CX derivatives!

Posted by: r_x_j (a.k.a ) on Sep 25, 10:10

I just sold 10,000 shares of PNDRM.CX at 24.14 and bought 10,000 shares of PNDRM at 17.97. If I hold these trades until after the DLIST, I'll make H$6.27 less commissions. That's about H$50,000 in profit. But what's interesting is if PNDRM has a $6MM opening weekend, I might be able to get out of the PNDRM on Sunday night at a profit using the ADJUST price AND still make a profit on the CX Derivative because I don't think the film has legs. So, my target is $100K. Is this a good trade or am I missing something?





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