Update Wednesday morning: the call is at H$5 plus change and rising, the put is at H$2 or so and falling. Why the put managed to get above the IPO price is beyond me. Screen counts? We don't need to stinking screen counts. Critics? I cannot imagine a movie less immune to critical consensus. I'm not even going to bother with either screen counts or critics. There are action adventure blockbusters with artistic merit. This is not one of them. This is the ultimate guilty pleasure.
Update Monday morning: Well, the movie gods smiled on Michael Bay and the Transformers, even if the critics didn't. It cleared $201 million over five days, a rather spectacular opening. It adjusted up H$54, also rather spectacular, considering the stock was already in the stratosphere. I didn't blog about My Sister's Keeper, because of the upgrade on Wednesday and Thursday, and because I was traveling on Friday. But it did fairly well, opening with $12 million, and adjusting up H$5. I had the call short and was long the put, with a strike price of H$10. So I got burned on the options, but I was long on the stock, so that mostly worked out.