Will the Audemars Piguet Index hit $40,250 (LOW) by April 30?

The market has collapsed dramatically from 14¢ to 5¢ over seven days, suggesting strong consensus that the AP Index won't touch $40,250, yet the extreme 50,572% implied yield on the YES side reflects massive tail risk given the index's realized volatility of 1,686%. With only $7.82 in 24-hour volume against $973k open interest and 14 days to expiry, liquidity is dangerously thin for a binary outcome, creating potential for sharp repricing if any price action approaches the threshold or if resolution uncertainty emerges around the Subdial data source.

Resolution rules

This market will resolve to “Yes” if, for any day between market creation and April 30, 2026, the Bloomberg x Subdial Watch Index for Audemars Piguet price is equal to or below the listed price. Otherwise, this market will resolve to “No.” The resolution source for this market is Subdial — specifically, the Audemars Piguet Index chart available at https://subdial.com/market. The daily values in USD shown on the chart will be used for resolution. This market refers to prices displayed in USD. To switch the display currency, use the currency toggle located at the left beneath the graph and select “USD” instead of “GBP”. This market will resolve as soon as the price shown on the Bloomberg x Subdial Watch Index for Audemars Piguet chart reaches the listed price, or once the value for April 30, 2026, is published, and the listed price has not been reached. If no data for April 30, 2026, has been published by May 14, 2026, this market will resolve based on the data available at that time. Revisions made to published data points on the Bloomberg x Subdial Watch Index for Audemars Piguet chart before the April 30, 2026 data point has been published will be considered; however, they will not disqualify a previously published data point from resolving this market. Revisions made after the April 30, 2026, data point has been finalized will not be considered.

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