April 14, 2026 - April 17, 2026, the price of ↑ $106,000 steadily dropped from 63.5c to 45c, as the index failed to show breakthrough momentum as expiration approaches, leading the market to downgrade the probability of hitting this level.
March 30, 2026 - March 31, 2026, the price of ↑ $106,500 plummeted from 32.5c to 13.5c, and ↓ $105,000 dropped from 45c to 31.5c, due to the market realizing that the actual index volatility had weakened, making it difficult to hit these higher or lower strike prices before expiration.
Before mid-March 2026, the underlying asset (Subdial Patek Index) was experiencing significant fundamental volatility, with recent reports showing an 8.1% monthly decline in the top-tier segment, which is likely to transmit to prediction market prices soon.