The market can be bizzare sometimes
We were treated to a spectacular turn of events last night at the US Open Tennis.
By a coincidence, I have been carefully studying the way the market behaves before the off at the US Open this year. More or less it’s flat as a pancake, but there are subtle bits of information contained in the pre-off pricing. I’ve been more interested in how this changes over the rounds.
In the latter stages of the tournament as the amount pre-off rises we should see stability reach the market as the amount of money matched rises and form lines become clearer. But last night we had the most bizarre chart I have ever seen before the start of a Tennis match at a grand slam tournament.
Jury is out on why it happened, but you can see a near on £200k lay order reach the market and set off the drift. You do wonder if it was a mistake but it revealed more detail than expected as the price was chased out dramatically before return to more normal levels.
I seriously doubt you will see another chart like it at a grand slam. An oddity for sure.
Category: Tennis
