Off Topic Rant

Presidential Candidate Prediction Market Positions Giuliani Clinton Edwards Gore Obama Bloomberg

Top Colleges

The Blog

I don't think Edwards has much of a chance at the democratic nomination for president in 2008, but I think his chances are better than a 7.3 option price would suggest. So I put in a bid for 3 contracts. I bought the contracts at my price. Since I was the price maker on the transaction there's no commission. Now I'm going to just sit back and watch. If the price gets to about 8.5 then I'll sell it. In fact, I think I'll just put in a sell order at that price now. That would mean if the price does get to there I'll be the price maker on that side of the transaction also. I put the sell order in at 8.4. This morning (Aug 20) it spiked up to 8.3 before dropping back down. So it seems I might have had the right idea. The contracts sold at 8.4, locking myself in a small profit. I put in a sell for 1 contract at 9.2. If it gets up that high I don't think it will stay there. I don't think the pretty boy really has much of a chance. He pretty much finished when he ran with Kerry and didn't distinguish himself.