Trading activity in Donald Trump's media company provides intriguing clues about how investors expect the presidential election to unfold.
Election Day is Tuesday, Nov. 5. In 2020, news organizations were confident enough to call the race for Joe Biden on Election Day night, which is the usual outcome. The only modern exception was the 2000 election, whichThe 2024 election could entail another delayed outcome — and this year, traders are getting in on the action., has become a sort of proxy bet on whether Trump, the Republican presidential nominee , will win or lose.
Option traders love volatility because it represents an unusual chance to score a big profit with manageable levels of risk. “Volatility is a shiny thing for traders, and right now DJT is the shiniest that exists,” said Hale. DJT is similar to athat trades for reasons unrelated to the company’s fundamentals, except for one thing: The 2024 election is a singular event that will have a binary outcome and possibly determine the company’s fate.
Betting markets are another Trump trade that has moved in Trump’s favor recently. From late August to early October, Trump and Harris were within a couple points of each other in, with Harris ahead for part of that time. But Trump is now ahead by roughly 60% to 40% in the RealClearPolitics aggregate, drawn from eight betting pools operated offshore, which Americans are not allowed to bet on but probably do through cryptocurrency and anonymous accounts.
Offshore wind energy projects in New York, New Jersey and Maryland are moving forward, as federal regulators examine the proposals and opponents escalate their legal challenges to the work. A large offshore wind farm is being proposed in the waters off New York as federal agencies are pressing ahead with reviews of seven other ocean sites.
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Election Day Kamala Harris DJT Trump Technology Presidential Nominee Option Contracts Betting Election Outcome
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