Israel investigates claims of short-selling before Hamas attacks

The initial article has proven to have very faulty analysis.

The primary being that the authors thought that Israeli options are denominated in shekels, when they are in fact denominated in agarot (1/100th of a shekel). So, even if every other aspect of their article is correct, their calculations are off by 2 orders of magnitude in terms of valuation.

Which leads one to suspect that they got other things wrong as well.

> News of the study was first reported on Israel’s financial news website The Marker.

The article does not provide a link, I only found this one in Hebrew. The headline is asking "did the Hamas make make a fortune? short selling against Israel has been revealed on the Wall Street stock exchanges" later: "it is very likely that the source of the inside info is coming from Hamas. Also evidence of exceptional short selling at Tel Aviv stock exchange, which resulted in tens of millions in profits after the attack"

(article behind paywall, can't read all of it).

https://www.themarker.com/markets/2023-12-04/ty-article-maga...