‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock
- Posted on May 8, 2026
- By CNBC
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- 1 min read
‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock
Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.