Part 3/5:
The trader placed bets on two different pools regarding who would secure the Republican Vice Presidential nomination. By betting on both the “Yes” for the “Other” option in both pools, they covered any candidate outside of the specific names listed.
The shares purchased totaled 4,230 at just under $4,000, resulting in a profit of $264 upon the final resolution of the bet with JD Vance being selected.
- Directional Bet on JD Vance:
- Early in the week, a directional bet was placed on JD Vance winning the nomination. Initially bought at 15 cents, the bet was eventually sold for 20 cents, yielding a profit of $23. This trade was notable as it marked the first directional pick, contrary to the predominant strategy of seeking hedged bets.