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Last updated: 04.13 08:52
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+2¢
April 30(Yes)
Bab el-Mandeb Strait effectively closed by...? AI analysis: • +2¢ undervalued • Live Prediction Market fair value & mispricing alerts.
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With less than 17 days until the April 30 expiration, the price of the Yes option has recently exper...
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April 30
YesNo
16¢
84¢
18¢
82¢
+2¢
0¢
⚠️ Risk Warning: Live data may lag! Prices can shift instantly due to news or low liquidity. Before trading, use AI Chat for [Live Recalculate], [Check Liquidity], [Trollbox Radar], or review [Fair Value Logic] to verify.
Exotics
This is a relatively niche market focusing on specific geopolitical and logistical metrics. While the Red Sea crisis is a public topic, the specific threshold of '7-day moving average transit calls <= 10' is highly technical. The general public rarely contemplates this exact figure. It falls under quantitative geopolitical risk.
Hedging
MAERSK-B.CO
Crude Oil
ZIM
If transit volume in the Bab el-Mandeb Strait drops to near zero (<=10), it implies the Red Sea route is effectively cut off, rendering the Suez Canal useless. This would significantly spike global shipping costs and crude oil prices due to the need to reroute via the Cape of Good Hope. Shipping stocks like ZIM and Maersk would react to soaring freight rates. Crude Oil would rise on supply disruption fears. As a major geopolitical escalation, it could trigger risk-off sentiment, moderately impacting Gold.
Movers
April 11, 2026 - April 12, 2026, the price of the April 30 option surged from 8.5c to 23.0c, as recent sudden events or attacks in the region likely caused a sharp drop in daily transits, reigniting market fears of hitting the threshold before expiration.
April 7, 2026 - April 10, 2026, the price of the April 30 option continued to drop from 22.5c to 8.5c. The reason is that with less than 20 days until expiration, the probability of the 7-day moving average dropping below 10 vessels has become negligible, and the market is rapidly squeezing out the geopolitical risk premium.
April 6, 2026 - April 7, 2026, the price of the April 30 option retraced from 29.5c to 22.5c, as short-term tensions faded and the market reassessed the difficulty of actual transit data dropping below the 10-vessel threshold.
April 1, 2026 - April 6, 2026, the price of the April 30 option gradually recovered from 14.5c to 29.5c, as ongoing volatility in the Red Sea region rekindled market concerns about the vessel transit volume through the Bab el-Mandeb Strait dropping below the threshold.
March 29, 2026 - April 1, 2026, the price of the April 30 option dropped significantly from 40.5c to 14.5c. The reason is that recent data showed transit volumes through the Bab el-Mandeb Strait remaining above the threshold, cooling market fears of an imminent total closure.
March 24, 2026 - March 29, 2026, the price of the April 30 option surged from 17.5c to 40.5c. The reason is the further deterioration of the security situation in the Red Sea and Bab el-Mandeb region as a spillover effect of the Strait of Hormuz closure, significantly increasing market expectations of a drastic drop in transit volume over the next month.
March 20, 2026 - March 23, 2026, the price of the April 30 option plummeted from 31.5c to 17.5c. This was due to the market digesting the latest IMF data (showing Bab el-Mandeb holding up despite Hormuz closure) and reports of increased Saudi exports via the Red Sea (Yanbu), implying continued traffic demand.
March 17, 2026 - March 19, 2026, the price spiked from 20c to 30c driven by contagion fear from the Strait of Hormuz closure.