Trump announces Israel-Lebanon ceasefire extended by three weeks

Trump announced that the Israel-Lebanon ceasefire has been extended by three weeks following a White House meeting. The odds for Trump endorsing an Israeli ceasefire in Lebanon by April 30 are at 100% YES.

Market reaction

The Israel x Hezbollah ceasefire by June 30 market is also at 100% YES. The Israel x Lebanon diplomatic meeting market sits at 100% YES, with the meeting confirmed to have “gone very well.”

Why it matters

All three markets show 100% YES odds, but trading volume is $0 across the board. No one is actively betting on changes. The market has fully priced in the ceasefire extension, and there’s no room for profit on YES positions unless a reversal occurs.

What to watch

The 100% odds and zero volume together signal that traders are waiting for concrete next steps, whether a signed agreement or a formal statement from Hezbollah, before committing capital. Buying YES at 100% yields nothing. The only trading opportunity here would come from a breakdown in the ceasefire or a shift in rhetoric from Netanyahu or Hezbollah.

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