Trump urges Iran to make a deal before it is too late

Trump’s call for Iran to negotiate has increased the odds for a US-Iran ceasefire. The market for a ceasefire by April 30 is now at 38.5% YES, up from 36% just 24 hours ago.

Traders are reacting to Trump’s signal of potential diplomatic progress. The April 7 market sits at 8.5% YES, reflecting skepticism about a resolution in the next five days. The April 15 market is at 18.5% YES, down from 20% yesterday, suggesting traders expect developments after mid-April. The jump to 38.5% YES for April 30 indicates expectations of a significant catalyst within the next four weeks.

The market for US forces entering Iran shows decreased likelihood, aligning with Trump’s diplomatic overtures. This reflects a shift towards negotiations rather than military action. With $1,365,780 in USDC traded across relevant markets, there’s notable interest. The cost to move the April 30 market by 5 points is $16,655, indicating moderate liquidity but still open to influence from large orders.

Trump postponing further strikes and urging talks suggests a genuine move towards diplomacy. At 38.5¢, a YES share for a ceasefire by April 30 pays $1 if resolved — a 2.6x return. For this bet to make sense, you’d need to believe in resumed talks or a major conciliatory gesture within the next 28 days. Watch for any intermediary action from Oman or Qatar, or signals from key figures like Rubio or CENTCOM that could shift these odds further.

Watch Trump’s next statements, any emissary appointments, and potential intermediary actions from Oman or Qatar. These could move the markets significantly.