Forget the artificial-intelligence frenzy — the most-exciting trade on Wall Street right now might just be betting on boring.

Roaring inflation and rapid rate hikes have brought a welcome return of the kind of big swings and dislocations beloved by investing’s smart set, but it hasn’t been a blessing for every breed of quant.

This year’s hottest options trade is catching on with Wall Street’s nerd contingent.

The death of the cheap-money era is redrawing Corporate America’s earnings map - upending a decade of Wall Street wisdom over which stocks are the bargain buys or the high fliers of tomorrow.