Waiting For The Boom
Israeli government and military officials said this week that Israel is going to attack Iran imminently, in response to Iran's missile strikes on Israel last weekend, but so far, market participants don't seem to believe it. As of this writing on Wednesday afternoon, the CBOE VIX Volatility Index (Index:VIX) was trading at an 18-handle and crude oil was down about 3% intraday. Presumably, if Israel does strike Iran, we are going to see a spike in volatility and well as oil prices, and see share prices in a lot of affected stocks come tumbling down. This is a good time to think ahead about what trades you will want to make when that happens. A trade we exited today may be instructive here.
The War Last Fall
It's worth remembering that after Hamas's attack on Israel on October 7th, and Israel's subsequent strikes on Gaza, many observers worried about the conflict spiraling into a wider Mideast ...