**Trader sentiment for H200 GPU rental prices at end of October centers on the $4.00–$4.50 band as the leading outcome (46% implied probability), reflecting current on-demand rates clustered around $3.10–$4.50 per GPU-hour across neo-cloud providers.** Recent supply expansions, including AWS price reductions of up to 45% on H100/H200 instances and ongoing Blackwell B200 ramp-up, have eased shortages that previously drove premiums, while marketplace listings on platforms like Vast.ai hover near $3.55–$3.99. Sustained AI training and inference demand from large language models continues to support a floor above $3.50, yet competitive displacement and longer-term capacity additions introduce downside risk below $4.00. The close spread among mid-range buckets ($3.50–$5.50) highlights trader focus on near-term balance between new hardware deployments and persistent enterprise workloads, with resolution likely hinging on October supply reports and contract renewal activity.