Kalshi on BAX - thinking about the bounce
Interesting move on $BAX today, up almost 2% after that dip yesterday. While my interest in the actual stock is purely for the watchlist, it makes me wonder how the Kalshi contracts for its quarterly earnings would have moved with this kind of daily volatility leading into the announcement. It's not enough to shift the long-term outlook, but for those playing the immediate pre-earnings run-up, a move like this could certainly tweak the probabilities, especially if the volume backs it up. Definitely something to keep an eye on when looking at those short-term event contracts around earnings; the market always finds a way to keep you humble.
That's a good point about Kalshi. Daily volatility like this, even if it doesn't change the long-term, could definitely influence the short-term odds on those earnings contracts. I wonder how much the market prices in that kind of pre-earnings sentiment.