HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
How Calls And Puts Work...
Call stocks come with a "strike price" and are cashed out at how much box office they make *OVER* their strike price.
TWLI5.CA had a strike price of $140. The stock would delist at whatever box office that Twlight 5 would make from Fri - Sun that went over $140.
TWLI5 made 141.07 over the weekend so the Call cashed out at $1.07 (141.07 box office minus 140 strike price).
A Call delists at $0 if it does not make more box office than its strike price.
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Puts work the same way as calls but are just pointed in the opposite direction.
A put delists at how much box office *BELOW* the strike price a movie makes.
If a movie had a Put with a strike price of $30 and the movie only made $25, then that Put would delist at $5 (the amount of difference between the box office and the strike price).
Puts delist at $0 if the box office for the weekend is higher than the strike price.
TWLI5.CA... Nov 19, 16:40
Actual 141.07 less the Strike Price of 140.00 = 1.07. {nm} Nov 19, 16:58
How Calls And Puts Work... Nov 19, 17:57
Thank - you for the answer... {nm} Nov 19, 19:32