Spitzer’s Resignation Odds

The SPITZER.RESIGN.MAR08 contract at InTrade has been trading between 80 and 90 today, with the last trade at 85: essentially, the market is saying that there’s a 15% probability he won’t resign by the end of the month. Obviously, there are no sure things in politics, and it’s conceivable that Spitzer will fight this one out. But I’d be very happy buying at these levels.

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