Saturday, September 29, 2007

Just the Numbers: Week 39

THE NUMBERS

Very little changed. Ron Paul now has more strength than McCain, Gingrich, Huckabee.

Senate race figures, normally very quiescent, showed a pop for the Dems. (Not sure if this is related to Senator Warner's announced retirement or not).

THE STRATEGIES

The parley payoff for any combo of Clinton, Giuliani, Obama, or Romney as the nominees fell to 46%, (36% on the formidable "ask" side of the market).

As "inevitable" as Clinton looks, there is still a sizable 56% payoff for betting on her to win the Presidency (or a 50% annualized return to 11/4/08).

If you aren't a straight up better, you can bet on 'conventional wisdom', as follows: take the odds-on Clinton-Giuliani parley for the nominee match-up, but "hedge" by buying up contracts for Romney, Obama, Thompson to win the Presidency (rather than the nomination). That will yield a 46% return, unless Clinton-Giuliani isn't the matchup and someone other than Romney, Obama, or Thompson takes the oath of Office (e.g., it turns out to be a Clinton-Romney or Obama-Giuliani matchup and/or Clinton or Giuliani takes the oath).

Throwing in a Giuliani contract for President, addition protection, will yield 29%. A Clinton-Romney parley pairs it further to just 8% - you don't get paid for minimal risk.

Big payoffs await those who are down on Clinton's electability in the general election. If you believe that Clinton will win the nomination but her party's contract would go to zero in the general election, that would be worth a whopping 133%, if both events occurred.

Next PresidentPr (%)Chg Wk.bid-ask
CLINTON(H)43.80.70%
GIULIANI16.2-0.54%
THOMPSON(F)8.7-0.46%
ROMNEY8.1-0.79%
OBAMA7.7-0.63%
GORE61.52%
EDWARDS2.8-0.911%
2007 Week 39: More "debating"; GOP hold "Values Voter Debates", but controversially declines Univision and some candidates also Morgan State University; venues; much hay over moveon.org ad and Ahmadi-Nejad visit.
GOP NomineePr (%)Chg Wk.bid-ask
GIULIANI35.30.30%
THOMPSON(F)24.4-0.42%
ROMNEY22.5-0.70%
PAUL5.61.42%
MCCAIN4.6-0.613%
GINGRICH51.62%
HUCKABEE2.1-1.348%
DEM NomineePr (%)Chg Wk.bid-ask
CLINTON67-0.90%
OBAMA16.1-0.71%
GORE8.41.22%
EDWARDS6.6-1.13%
RICHRDSN0.60.1n.m.
BIDEN0.40n.m.
DODD0.10n.m.
SenatePr (%)Chg Wk.bid-ask
DEM854.59%
GOP5-6196%
Next ExecutivePr (%)Chg Wk.bid-ask
DEM59.40.52%
GOP38.7-1.11%
OTH1.1-0.2n.m.
DEM VP NomineePr (%)Chg Wk.bid-ask
OBAMA26.10.67%
RICHARDSON15.2-3.36%
BAYH14.164%
FIELD11.2019%
GORE7.40.430%
CLARK6.1-3.944%
STRICKLAND5.6066%
src: intrade.com; bid-ask are not points, but spread as a percentage of the bid. Polls comparison, via RealClearPolitics.
IMPORTANT DISCLAIMER: this is just an informational note and not a solicitation or recommendation to buy or sell securities and there is no guarantee implied and people can lose all money on all investments. Numbers are believed to be correct, but do your own math and make your own conclusions or consult with an advisor before making any decisions.

Caucus/CandidatePr (%)Chg Wk.bid-ask
Iowa Caucus
Democratic
CLINTON60157%
OBAMA16.7015%
EDWARDS15-1523%
FIELD0-0.1n.m.
GORE5.1580%
Republican
ROMNEY601516%
GIULIANI10087%
THOMPSON(F)10060%
FIELD6062%
MCCAIN10n.m.
New Hampshire Primary
Democratic
CLINTON751013%
OBAMA10-596%
EDWARDS0.1-4.9n.m.
FIELD0.20n.m.
GORE9.77.73%
Republican
ROMNEY43-237%
GIULIANI28821%
THOMPSON(F)10047%
FIELD7.21.2104%
MCCAIN5440%
South Carolina Primary
Democratic
CLINTON601017%
OBAMA25020%
EDWARDS5-5200%
FIELD00n.m.
GORE5.13.696%
Republican
ROMNEY9467%
GIULIANI25-540%
THOMPSON(F)483713%
FIELD11n.m.
MCCAIN51200%
Florida Primary
Democratic
CLINTON80012%
OBAMA10.1046%
EDWARDS00n.m.
FIELD00n.m.
GORE5.15.1188%
Republican
ROMNEY0.10n.m.
GIULIANI55518%
THOMPSON(F)353029%
FIELD0.1-4.9n.m.
MCCAIN0.80n.m.
Nevada Primary
Democratic
CLINTON70014%
OBAMA55200%
EDWARDS55200%
FIELD00n.m.
GORE54.9200%
Republican
ROMNEY12-367%
GIULIANI35529%
THOMPSON(F)404025%
MCCAIN0.20.2n.m.

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