393/447
Given tonight’s participation clusters and distribution:
When you strip away the noise, the auction suggests that fair value is closer to 6862 than 6856.
Not because we want it there.
Because the participation profile supports it.
Given tonight’s participation clusters and distribution:
When you strip away the noise, the auction suggests that fair value is closer to 6862 than 6856.
Not because we want it there.
Because the participation profile supports it.
