April 27, 2026 - April 29, 2026, the 'December 31' option price surged from 77.5c to 89c, driven by strengthening market expectations of a diplomatic visit later in the year and potential sanctions waivers as specific diplomatic windows approach.
March 26, 2026 - March 27, 2026, the 'April 30' option price surged from 4.5c to 15.7c, then fell back to 7.15c over the following days, driven by a pulse reaction to short-term diplomatic rumors that later cooled off due to a lack of substantive progress.
March 12, 2026 - March 13, 2026, the 'April 30' option price surged from 67c to 85.5c, driven by a likely market reaction to breaking news of a planned visit, shattering the previous low-volatility stalemate caused by sanctions.
March 9, 2026 - March 11, 2026, prices remained relatively stable (~66c-72c), primarily reflecting long-term positioning for the year-end APEC summit without immediate short-term catalysts.