From Apr 1, 2026 to Apr 2, 2026, the price of Option_'Yes' plummeted from 42.35c to 12.8c. This was likely due to the market digesting news or statements clearly indicating Musk has no intention of forming a party, or a massive withdrawal of speculative funds leading to a sharp squeeze in the 'chaos premium'.
From Mar 5, 2026 to Mar 20, 2026, the price of Option_'Yes' remained stagnant around 14.5c with no significant volatility. Although Musk has been actively funding GOP efforts in early 2026, market participants seem to have priced in the 'no new party' scenario as the baseline, resulting in low volume and a lack of speculative catalysts.
From Feb 27, 2026 to Mar 5, 2026, the price of Option_'Yes' remained extremely stable around 14.5c, with volatility less than 0.1c. The market has digested the signal that Musk abandoned the party idea in late 2025, and with no new catalysts, trading activity is stagnant.