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Playing & Trading Strategy

OK...here's HOW you make $$ on summer movies...

Posted by: Flash on May 22, 09:25 in response to zao111's post Any advice for playing summer blockbusters?

Play them.  It's that simple.

 

Playing openers is one of the fastest - if not THE fastest way to build your port.  For example - I shorted TREK2, and it dropped 25 points after adjust... that's 2.5M just on the adjust - NOT counting the $$ I made on the run up.

Many players (especially new) are afraid of playing openers due to the risk, but remember - you have a 50/50 chance of picking it right!  When I started playing we could not short stocks, so if you thought a movie would bomb, you had to sell it off before it halted.  NOW we can short them too, and make $$ if a movie does well, OR if it doesn't make it's halt price.

The best advice I got starting (and even later on) was to play all the openers each week.  Yes, there are times when I've lost a pile of $$ by picking a movie wrong, but many times I've lots of money for picking them right...remember it's just "play" money, so if you lose a bunch - move on to the next money maker.

You may already be playing openers weekly, and if so, then you may want to hone your skills at increasing 'how' to pick a movie... even after all these years, I still only get it right about 55-60% of the time.

Be sure to "max out" on the movies you play.  There's nothing more frustrating that finding out you picked a movie right, and then realized you only bought 50K shares, knowing you could've made $3M instead of $1.5... maxxing out is another tip players gave me early on.  Sure - you can lose a lot of $$ if you pick a movie wrong - but low risk= low reward.

Other than that, (as mentioned in other posts) you can play the warrants, and the calls and puts for the big movies too.  I don't play these as much, but I suppose they can add to your overall gains.

With a $100M port, you should be playing all openers weekly IMO.  I don't play the "limited" movies as much (not enough adjust $$ for me), but I do play all the movies that open "wide."

 

Good luck!  Laughing

 





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