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Old 01-10-2008   #7
TxDavid
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Default Re: Right to purchase Super Bowl tickets

You're buying the right to purchase a ticket to the superbowl at Face-value. It does NOT include the price of the ticket (~$800). You lose the money if your team does not go. You can also sell the right once all the "FanForwards" are initially sold. You'll know this because it will have a different initial price than the current selling price.

Also - the higher the probablilty that the team will go to the Superbowl, the higher the initial starting price.

For instance:
Texans initial price was $50. Current price to buy is $50
Patriots initial price was $292. Current price to buy is $580.

This is because someone is offering to sell their "Fanforwards" for $580. The maximum amount of offerings has been sold, and the marketplace drives the price.

The reason the Texans price is still $50 is because there are still options to buy available from the initial offering.

It's basically like options trading in the stock market.
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