April 23, 2026 - April 24, 2026, the 'June 30' option price surged from 10.5c to 55c. The reason was mounting speculation that the Trump administration might imminently announce an expanded travel ban targeting new specific countries, fueled by reports of drastically reduced visa issuances and stricter vetting implementations, which triggered a burst of short-term bullish sentiment.
March 25, 2026 - March 27, 2026, the 'June 30' option price crashed from 65.5c to 44c. The reason is that the highly anticipated 90-day review period (around mid-March) passed without the immediate release of a new restriction list, causing short-term bullish sentiment to cool rapidly.
March 6, 2026 - March 12, 2026, the 'June 30' option price surged continuously from 28.5c to 52.5c. The reason is likely the market realizing that the 90-day mark since the December proclamation is approaching (mid-March), creating an expectation that the administration will release a new restriction list based on initial review findings, triggering a burst of short-term bullish sentiment.
February 10, 2026 - February 11, 2026, the 'June 30' option price crashed from 43.5c to 29.5c. The reason was the market realizing the shrinking window for H1 action, combined with a lack of recent leaks or administrative signals regarding new bans, leading to a collapse in confidence for near-term measures.