April 2, 2026 - April 3, 2026, the Republican Party option surged from 49c to 75.5c, while the Democratic Party option plummeted from 56.5c to 24.5c. This occurred as the market rapidly reverted to fundamental fair value following a severe pricing deviation.
March 17, 2026 - March 19, 2026, the market underwent a severe correction towards fair value. First, Democratic Party shares crashed from 49c to 25c between March 17-18 (-24c). Subsequently, Republican Party shares surged from 51c to 70.5c between March 18-19 (+19.5c). This volatility eliminated significant mispricing and arbitrage gaps, realigning prices with the district's R+4 fundamentals.
March 5, 2026, Democratic Party shares experienced intraday volatility, spiking from 22.5c in the morning to a high of 30.5c before retracing to 22.5c. This 8c range did not breach the 10c threshold for high volatility.