Vancouver Canucks Hockey Tickets - Example
Question: How much would you pay for the "option" to buy an $80 ticket to the last regular season game?
Assumptions you should consider. 1) Regular price of the ticket is $80.
2) Based on historical data, the following prices from scalpers should occur in the following scenerios.
i) Canucks missing the playoffs - $40
ii) Canucks in playoffs but game means nothing - $90
iii) Final game to determine if Canucks make playoffs - $200
Remember: You are being asked what you would buy the "option" for? You still have to buy the ticket for $80 if you want to. If by the final game the tickets are going for under $80 (let's say $40), you will not "exercise" the option (buy the ticket for $80) because you will go buy the ticket for $40. If by the final game the tickets are going for over $80, you will "exercise" the option (buy the ticket for $80).
Between now and that last night the "option" will change in value dependant on how the Vancouver Canucks are doing.
Go to our online discussion "Hockey Ticket Option" and share what you would pay for this option.
Assumptions you should consider. 1) Regular price of the ticket is $80.
2) Based on historical data, the following prices from scalpers should occur in the following scenerios.
i) Canucks missing the playoffs - $40
ii) Canucks in playoffs but game means nothing - $90
iii) Final game to determine if Canucks make playoffs - $200
Remember: You are being asked what you would buy the "option" for? You still have to buy the ticket for $80 if you want to. If by the final game the tickets are going for under $80 (let's say $40), you will not "exercise" the option (buy the ticket for $80) because you will go buy the ticket for $40. If by the final game the tickets are going for over $80, you will "exercise" the option (buy the ticket for $80).
Between now and that last night the "option" will change in value dependant on how the Vancouver Canucks are doing.
Go to our online discussion "Hockey Ticket Option" and share what you would pay for this option.