9 hours ago
Israeli Shekel's Calm Under Threat as Options Signal Turmoil
Options traders are bracing for the Israeli shekel to experience wilder moves than at any time since the start of the Gaza war in 2023 — a hedge against any breakdown in the resilience it's so far shown against the nation's multiple ongoing conflicts.
Implied volatility, a bet on currency turbulence reflected in one-month derivatives, jumped to the highest since March 2023 this week, surpassing levels seen when Hamas attacked Israel in October that year and triggered a multi-front conflict. That's left the shekel as the most volatile currency in the world, excluding the Russian ruble, according to Bloomberg rankings.
