27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
As baseball fans gear up for game three of the World Series, currently tied at 1–1, tickets in Chicago are shattering records on the resale market. Super Bowl prices are popping up as the Cubs try to break its 108-year-old curse.
Friday marks the Cubs first Fall Classic game at home since 1945, and the long wait is driving historic ticket demand on the resale market.
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On TicketIQ, a ticket search engine that pools tickets and data from over 90 percent of the secondary market, the average resale price for Cubs World Series tickets across games 3–5 is now $5,485. That is easily the most expensive resale prices tracked for a World Series team since at least 2010, when TicketIQ began analyzing resale data.
While the historical significance of all three games is playing a major role in ticket pricing, the Cubs' chance to clinch their first title since 1908 on Sunday — and at home — is having a massive influence on the market as well. They'll need to win games 3 and 4 first, but game 5 is currently the most expensive championship game across all five major North American sports of the last seven years.
Most Expensive Championship Games
Game 5 of the 2016 World Series currently surpasses Super XLIX as the priciest championship game since 2010. As of 9:30 a.m. ET Friday, the average resale price for Sunday's game 5 was $6,548, more than 7 percent higher than Super XLIX's average price of $6,105. The cheapest tickets to game 5 are currently priced from $2,150.
Chicago is no stranger to exorbitant ticket prices for championship games. In 2015, the Blackhawks skated to their sixth Stanley Cup in franchise history, and their game 4 match up with the Tampa Bay Lightning produced the highest ticket prices for a Stanley Cup Final this decade. That game, in which the Blackhawks evened the series at two games, had a resale ticket average of $2,369.
Three wins separate the Cubs from quelling the longest current championship drought in professional sports. They'll need to get past a gritty Indians team first, however, as the Tribe also look to quell their own long-term World Series title drought. The Indians last won a national title in 1948, defeating the Boston Braves in six games.
Image Credit: By Arturo Pardavila III from Hoboken, NJ, USA [CC BY 2.0], via Wikimedia Commons.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.