The US military’s plan to seize Iran’s uranium stockpile at Trump’s request has stirred the pot. US-Iran ceasefire by April 7 is down to 7.5% YES, a drop from 10% just 24 hours ago.
Traders are reacting to signals of potential escalation. The US-Iran ceasefire by April 7 now sits at 7.5% YES, while the April 15 market is at 19.5% YES. The biggest term spread is between April 15 and April 30, jumping 19 percentage points, suggesting traders expect a key event in mid-April. The US forces entering Iran by April 30 sits at 57% YES, indicating increased expectations of ground operations.
Ceasefire markets saw volume at $1,324,478 in USDC over the last 24 hours. The order book depth shows $45,401 is needed to move the April 7 market by 5 points, indicating decent liquidity. However, the largest price move in this period was a modest 3-point drop, reflecting cautious sentiment amid new developments.
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