Selling calls on cards

[conor912]

Well this is a new one. This kind of thing could really screw up Sold Items data.

https://www.ebay.com/itm/Option-to-B...8AAOSwcAFfNzom

[bigred1]

Interesiting

[iwantitiwinit]

I'd be awfully careful buying something like that, what's there to guarantee performance if the buyer choses to exercise the option. Once the option is purchased all further transactions or actions occur off of eBay. No bueno.

[conor912]

Originally Posted by iwantitiwinit

I'd be awfully careful buying something like that, what's there to guarantee performance if the buyer choses to exercise the option. Once the option is purchased all further transactions or actions occur off of eBay. No bueno.

I read it as it will be listed as a $425 BIN with a private link to the buyer of the option. I’m more scared that this becomes prolific. Instead of the ~$700 sale that it essentially would be, it will show as 2 sales, one for $266 and one for $425. I find it hard to believe that Ebay is cool with this, but then again i have been shocked before by what ebay is cool with. Wall street has officially infiltrated the hobby. God help us all.

[JohnP0621]

So let me get this straight . The high bidder won this card for $266.00
But this only allows him to buy it at $425.00.
No Thanks.

John P

[D. Bergin]

Originally Posted by JohnP0621

So let me get this straight . The high bidder won this card for $266.00
But this only allows him to buy it at $425.00.
No Thanks.

John P

No according to the pictures the winner has the right to allow him to buy the card for $425 + the $266 bid. So $691.

It's convoluted nonsense.

[conor912]

Originally Posted by D. Bergin

No according to the pictures the winner has the right to allow him to buy the card for $425 + the $266 bid. So $691.

It's convoluted nonsense.

Especially when the card can be readily had for $550. Something doesn’t add up here.

[White Borders]

Sounds similar to a stock warrant. If the winner doesn't exercise his option to purchase at $425, then he/she is out $266.

[doug.goodman]

Originally Posted by conor912

I read it as it will be listed as a $425 BIN with a private link to the buyer of the option. I’m more scared that this becomes prolific. Instead of the ~$700 sale that it essentially would be, it will show as 2 sales, one for $266 and one for $425. I find it hard to believe that Ebay is cool with this, but then again i have been shocked before by what ebay is cool with. Wall street has officially infiltrated the hobby. God help us all.

Ebay doesn't give a shit about anything but their money.

Looks like they will be getting paid either way to me.

If the "buyer" goes thru with the option, ebay gets paid on $266 + $425.

If the "buyer" doesn't go thru with it, then ebay gets paid on $266 for a card that didn't even sell.

PT Barnum is smiling.

Doug

[joshuanip]

Concept will not work with cards -

too much counterparty risk, not just buying the derivative but also credit risk
no resale value on the option, buying an illiquid contract right,
So what if it is in the money and it expires, SOL
Or how do you even enforce the exercise?

Suckers bet.