Thursday, February 01, 2007

Pork Bellies, SPDRs, BCS Tickets

The Super Bowl has already spawned numerous stories about how normal people got their tickets to Sunday's game. Some of the more interesting stories involve Chicagoans who purchased a nifty option to purchase Super Bowl tickets at face value way back in 2005. Their magical source was a sports ticket option website. The website, Ticketreserve.com, operates an option market only for big game tickets. You can go on the site and purchase an option to purchase tickets at face value. If your team goes to the big game, you can exercise your option and purchase a ticket at face value. If your team ends up in the Emerald Nuts Bowl, you forfeit your option purchase amount. Additionally, you can sell your option to other fans during the year. So, if I buy Georgia options today for $44, I can sell them during the year, presumably when UGA is winning and the option price is above $44 and turn a profit. Or, I can hang on to my options and see if the Dawgs can get to the championship game.
Here is the Big Board for the 2008 BCS Championship game for each SEC school:
Alabama - $15
Arkansas - $94
Auburn - $94
Florida - $156
Georgia - $44
Kentucky - $15
LSU - $94
Mississippi State - $15
Ole Miss - $15
South Carolina - $15
Tennessee - $76
Vanderbilt - $15

Looks like the Gators are pretty confident in Tim Tebow and a rebuilt defense. Then again, the Gators are pretty confident about anything.