HSX Forum

Playing & Trading Strategy

Additional question about OW

Posted by: Llew on Jun 26, 13:12 in response to mrcolwin's post Opening Weekend warrant question

What happens with an opening weekend warrant if the film opens below the strike price? How will it cash out? The description does not mention this. Will it cash out at zero as the blockbuster warrant?

The strike price of The Flash OW was 110, so i shorted it, and earnd on the cash out, but this was the first time I did that with an opening weekend warrant.

With the 25,000 limit and the H$ 5 starting price, it's only a little lose at zero cash out with the BW, and not realy worth the shorting. On the other hand, with an OW it could be worth it, but such a failure as The Flash is rare.





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Company (COMPN) 150000 8.00 (0.00)          Spider-Man: Brand New Day (SPID9) 140000 622.78 (+5.93)          Astaire (ASTAI) 150000 16.68 (+0.29)          Moana - $115M Blockbuster Warran (MOAN1.BW) 25000 5.58 (+0.58)          Ice Cream Man (ICREM) 2000 11.43 (-0.86)          Your Mother Your Mother Your Mot (YOURM) 149994 5.82 (+1.66)          Donkey (DONKE) 19080 131.21 (+1.35)          The Musical (MSCAL) 150000 1.00 (0.00)          Company (COMPN) 150000 8.00 (0.00)          Stiletto (STLTO) 150000 3.69 (+0.44)          The Musical (MSCAL) 150000 1.00 (0.00)          Ice Cream Man (ICREM) 1000 11.43 (-0.86)          Top Gun 3 (TOPG3) 2603 184.57 (+0.27)          Ben Wang (BWANG) 25000 33.89 (0.00)          Michael Chiklis (MCHIK) 100 9.68 (-0.05)          Company (COMPN) 149996 8.00 (0.00)          Ali G: Who Iz I? (ALIG2) 40000 21.28 (-0.13)          Brian Cox (BCOX) 25000 14.79 (0.00)          Alita: Battle Angel 2 (ALIT2) 129168 26.12 (-0.94)          Dylan O’Brien (DOBRI) 25000 19.87 (-0.25)          Dylan O’Brien (DOBRI) 25000 19.87 (-0.25)          Avengers: Doomsday (AVNG5) 1 554.60 (+0.49)          Star Wars: Starfighter (SWAR4) 15000 261.80 (-0.17)          Matt Damon (MDAMO) 25000 133.75 (+0.34)          The Musical (MSCAL) 150000 1.00 (0.00)          One Night Only - Opening Weekend (ONTON.OW) 100000 9.25 (0.00)          Christopher Nolan (CNOLA) 25000 186.59 (+0.50)          Somewhere Out There (SWOTH) 150000 1.95 (+0.05)          One Night Only - Opening Weekend (ONTON.OW) 100000 9.25 (0.00)          Company (COMPN) 150000 8.00 (0.00)          One Night Only - Opening Weekend (ONTON.OW) 100000 9.25 (0.00)          Avengers: Doomsday (AVNG5) 1391 554.60 (+0.49)          One Night Only H$10 Call (ONTON.CA) 25000 1.01 (+0.02)          One Night Only H$10 Put (ONTON.PU) 25000 2.71 (0.00)          The Musical (MSCAL) 150000 1.00 (0.00)          Alita: Battle Angel 2 (ALIT2) 20832 26.12 (-0.94)          Deathstroke & Bane (DSTRK) 20000 42.11 (-0.21)          Company (COMPN) 150000 8.00 (0.00)          Mark Rylance (MRYLA) 25000 58.32 (-0.16)          Company (COMPN) 150000 8.00 (0.00)          Somewhere Out There (SWOTH) 150000 1.95 (+0.05)          Your Mother Your Mother Your Mot (YOURM) 150000 5.82 (+1.66)          Star Wars: Starfighter (SWAR4) 2114 261.80 (-0.17)          Company (COMPN) 150000 8.00 (0.00)          The Musical (MSCAL) 150000 1.00 (0.00)          The Musical (MSCAL) 150000 1.00 (0.00)          Company (COMPN) 150000 8.00 (0.00)          Soulm8te (SOM8T) 150000 0.01 (-0.07)          Company (COMPN) 15000 8.00 (0.00)          Johnny Flynn (JFLYN) 25000 5.46 (-0.15)