The Health Care Public Option Becomes More Likely

The public option for health care became much more probable on Friday, according to the closing prices on Intrade of the traded contracts, "Will a federal government run health insurance plan (a public option) be approved in the US?"

The Intrade price of the Mar 2010 contract more than doubled and jumped to jumped to $21 from the previous day's close of $10. The Intrade price of the June 2010 contract almost tripled and jumped to jumped to $35 from the previous day's close of $12.5.

The March 2010 expiration price chart. The contract ID of this contract is: 698780:



The June 2010 expiration price chart. The contract ID of this contract is: 698781: