I'm starting this thread in regard to Ticket Derivatives and strategies being implemented to trade them. There was no section for ticket derivatives but since they are essentially options I figured this would be the best place to post it. I wanna know what strategies can be implemented and if anyone is doing anything on the technical side of these markets. I feel like no real traders are playing these markets and there's a lot of dead money floating around. Any agree?
The two main guys I know doing it are First Dibz and Yoonew. Yoonews got the exchange though, www.yoonew.com/market. Brokers mostly use it to hedge their risk but theres a lot of room to play in between the spread and make some quick gains.
For example I'm short Al game 1 Yankees World series tickets. Mostly because their eleven games back but some technical indicators I've built are saying their overpriced as well.
I bought tickets cheap and sold them for a lot. Last football season I paid $600 for 4 tickets for the Giants in the superbowl. I held onto them and when they beat the Packers I sold them for $2100 each. Thats a profit of almost $8000.
I can only imagine the HUGE counter party credit risk. Oh and like any other profit brag on the internet WHO CARES if you claim you made millions?