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For wide releases, there's usually four ways to play the opening weekend and beyond (more)
The moviestocks themselves work the same way they always have - they cash out at $1 per million of gross made after 4 weekends (wide releases) or 12 weekends (limited releases). There's just no adjust after the opening weekend any more. So post-release it's a question of what you think the legs of the film is going to be. I'm a pessimist, so I usually guess a film is going to end up at around 2.5 times the opening weekend and long/short accordingly.
In addition to the stock itself, now there are opening weekend derivatives for most wide releases. Most get an opening weekend derivative the cashes out at $1 per million made opening weekend. Bigger releases usually get a pair of call and put options, where you bet on whether you think the opening weekend gross is going to be above (call) or below (put) a certain strike price.
For example, this weekend the Dr. Strange movie had all three derivatives. The numbers will change a little when the official totals get reported, but based off the weekend estimates:
It’s been awhile but what’s the best way to play new releases after opening weekend? May 08, 18:06
There are no opening weekend adjusts anymore. {nm} May 08, 19:09
Sadly. lol :-) {nm} May 14, 16:45
For wide releases, there's usually four ways to play the opening weekend and beyond (more) May 08, 22:25
Thanks! I’m used to playing the derivatives just wasn’t sure how to play the regular stock of the movie without the adjust. May 09, 03:36
fwiw, 2.5 would be very optimistic for DRST2. Similar size openers AVNG2 and CAPA3 were 2.1-2.15 {nm} May 10, 09:32
Agreed - I move my multiplier up/down based on the movie {nm} May 10, 15:18