Discussion in 'Congress' started by The Paperboy, Oct 27, 2008.
If McCain wins and you bought $1,000.00 in "McCain" today how much would you make?
Probably 50k or more I would guess.
Hmmmm... have to check the polls tomorrow.
I'm prolly wrong actually...50k is too high. Maybe 40k? Or 30k? Odds of McCain winning are quite small.
The current price to buy a McCain contract is 13.4 cents. That means market participants believe McCain has a 13% chance of winning. Each contract pays $10. Thus, each McCain contract costs $1.34, based on the most recent ask price. That means you could buy 746 contracts on McCain. If McCain won, you would be paid $10 on each contract, meaning your $1000 investment would be worth $7,460 if McCain wins.
For the record, that is not a bet I would take.
Actually, it's down to 12.4......
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