A US combat search-and-rescue mission is active in Iran’s Khuzestan province after an F-15E fighter jet was shot down. The market for “US forces enter Iran by April 30” has surged to 86% YES, up from 62% in the last 24 hours. The confirmed US military activity in Iran has driven the market’s reaction. The April 30 market spiked, indicating expectations of ongoing or expanded operations. The December 31 market is at 90.5% YES, reflecting a belief in a prolonged US presence. The 24-point rise in April’s odds suggests traders…
Day: April 4, 2026
Iran downs two US warplanes, reducing April 7 ceasefire odds to 1%
Iran reportedly downed two US warplanes, sharply reducing the odds of a US-Iran ceasefire by April 7 to 1% YES, down from 2% yesterday and 12% a week ago. The market reacted quickly. The April 7 ceasefire market is at 1% YES, showing little trader confidence in a resolution. The April 15 market is at 6% YES, indicating continued pessimism. Odds for a ceasefire by April 30 fell to 18% YES, while May 31 is at 36% YES. The May 31 market saw the largest drop, sliding 10 points from…