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home / news releases / IMAX - A Follow Up On Our Coronavirus Hedges

IMAX - A Follow Up On Our Coronavirus Hedges

Imax Corporation

Sadly, we are still in a crisis.

Back on January 23rd, I wrote: "How We Are Hedging China's Coronavirus Crisis" in which I warned:

"There is still way too much market complacency here...

"So why are we cashing out our Futures Shorts? Well this market tends to be very bouncy so we're just playing the odds and we also have index shorts (SQQQ). We will be looking at adding more of those if the market opens weak. The Futures are just a good way of giving us overnight protection

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Stock Information
Company Name: Imax Corporation
Stock Symbol: IMAX
Market: NYSE
Website: imax.com
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