Iran Leadership Change by June Now at 40¢ — Regime Risk Is Underpriced

Iran leadership change by June 30 surged +13¢ to 40¢ today, and the April 30 contract hit 24¢. With US forces confirmed inside Iran and Kharg Island strike odds at 46¢, a 40¢ price on regime transition by June seems like it still underweights the tail scenario. Cross-referencing the full constellation of Iran contracts, the June 30 contract offers the best risk/reward on structural regime disruption.