<@1212792946341183578> <@941405798096076880> Just to give some feedback: For secondary election markets like MOV % and candidate Vote %, I think the default should be open-ended strikes instead of bounded strikes. Open-ended strikes are more intuitive and make it easy to discern what the market thinks the O/U is just from looking at the orderbook. I also suspect open-ended strikes are more attractive to retail traders, who likely get intimidated thinking about bounded strikes. "I think my candidate will win by 10% or more" is an easier bet to place than "I think my candidate will win by somewhere between 9 and 12 exactly." I can see modelsharps preferring bounded ranges because it theoretically allows them to deploy capital more efficiently, but that doesn't matter if the retail flow is worse.
<@1212792946341183578> <@941405798096076880> Just to give some feedback: For secondary election markets like MOV % and candidate Vote %, I think the default should be open-ended strikes instead of bounded strikes. Open-ended strikes are more intuitive and make it easy to discern what the market thinks the O/U is just from looking at the orderbook. I also suspect open-ended strikes are more attractive to retail traders, who likely get intimidated thinking about bounded strikes. "I think my candidate will win by 10% or more" is an easier bet to place than "I think my candidate will win by somewhere between 9 and 12 exactly." I can see modelsharps preferring bounded ranges because it theoretically allows them to deploy capital more efficiently, but that doesn't matter if the retail flow is worse.