Someone bet against the Israeli stock market in the days before Hamas' Oct. 7 attack.

CBS News: Someone bet against the Israeli stock market in the days before Hamas' Oct. 7 attack.

A study by researchers from Columbia University and NYU called "Trading on Terror?" suggests that a trader may have been aware of the coming attack, bet against the Israeli economy and walked away with a profit by short selling on the U.S. and Israeli stock exchanges.
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[...] the Israel Exchange-Traded Fund [...] on any given day has around 2,000 shares shorted. According to the researchers, on Oct. 2, that number shot up to over 227,000 shares.
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According to Columbia Law School Professor Joshua Mitts, one of the authors of the study, "that's extremely unusual." It was also profitable[.]
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All of this led them to their conclusion that the trades were not a coincidence, but a tactic by someone who knew the attack was coming.

"We think it's virtually impossible this happened by chance," Mitts told CBS News.

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