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Hamas may have profited from Oct. 7 assault with informed trading — study
(www.timesofisrael.com)
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My first exposure to this story implied it might have been western traders, not Hamas.
Western, Eastern, Hamas... a lot of speculative trading is done based on rumors, what better than rumors which actually come true.
As was mentioned, these were very high shorts, implying a far higher confidence than mere rumors.
Yes, this was a sharp level of activity.
Given the rumours about Egypt giving a warning 3 days earlier, I don't think Hamas is likely the only potential source or beneficiary of the information.