Resolves to Yes if the S&P 500 Index close higher on Mar 21, 2024 compared to the previous trading day.
Resolves to No otherwise.
Resolution base on Yahoo! Finance Historical Data
https://finance.yahoo.com/quote/%5ESPX/history?p=%5ESPX
1,000🏅 Top traders
| # | Trader | Total profit |
|---|---|---|
| 1 | Ṁ1,331 | |
| 2 | Ṁ181 | |
| 3 | Ṁ111 | |
| 4 | Ṁ59 | |
| 5 | Ṁ8 |
@benmanns maybe tag @SirCryptomind here 😂
On a serious note, I think you might be a little bit too confident.
@SirCryptomind @AmmonLam @Lion
Ok, some context on today because it’s too funny to not explain. Last night I saw /ES ripping, so it set the stage for a play on this market. Made some bets on Yes, but hard to say how well overnight will translate to the day. Checked Yahoo finance for yesterday’s close as a starting point first thing this morning, $5,178.51. Ok great, SPX bear out spread on 5185/5180 is priced at $0.05, implying 99% for this market. And cmon, it’s $5, might as well buy the hedge and go all in since I’d make $500 if we do close < $5,180.
Hedge bought, big limit orders in, maxed out my account on this market, looking for loans. Almost got 40,000 mana from @SirCryptomind with a $400 promise if I lose it. Just before doing the trade I realized something… that Yahoo finance quote was from March 19, my hedge was well below market, and I’m 8,000 mana long on this market.
So… bad trade but good result. Will do better next time 😅
@benmanns
I was reading this half way when I saw "implying 99% for this market" and I was like, what? how could that price be a 99% given S&P's volatility?
But this was a fun roller coaster ride. I think you did break the highest record win for the S&P 500 daily markets