Trump has whipsawed from a low of 8 cents up to 25 cents, and back to 16 cents at the moment. It looks like a single buyer put in a large market order because they ran the price from 9 cents all the way to 25 cents on high volume of more than 4,000 contracts, spending less than $700 in the process. The Iowa Electronic Market is as the name implies, a market, with prices set by buyers and sellers, not bookies making odds.
This rally was the opposite of action on October 19, when a large seller hit all the bids and drove the price down from 14 cents to 9 cents on more than 4,000 contracts.
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