<p>Dry Mediterranean forests are characterized by a short rainy season followed by a long dry period with high temperatures and radiation levels. These ecosystem are also exposed to large interannual variations in precipitation. Taking advantage of contrasting rainfall years, we investigated the opportunistic nature of pine trees in this region.&#160; In our study site (the Yatir forest) mean annual precipitation is 288 mm, but it was 220 and 420 mm in the hydrological years 2018/19 and 2019/20, respectively. We used fluorescence measurements at the leaf, tower, and satellite scales, together with reflectance indices and eddy covariance measurements to assess the physiological response in the dry stressful season in these contrasting years.</p><p>The results showed that following a low rainfall season, soil moisture contes (SWC) reaches the 16% threshold of no traspirable water in spring, followed by larg decrease in carbon uptake and quantum yield of photosynthesis and the activation of protection mechanisms, such as decrease in chlorophyll content, large NPQ, and drop in the chlorophyll to cartenoid ratio (CCI index, obtained from canopy reflectance). Following the high rainfall year, the active season is extended (as indicated also by the satellite data), but even after the SWC threshold is reached, and mid-day VPD reaches ~5 KPa), carbon uptake continues, the amount of energy allocated to photochemistry remains high (high Fv/Fm and Y(II) levels), without the onset of protective mechanisms: No decrease in leaf chlorophyll and in NPQ, or decrease in CCI. We hypothesize that the opportunistic response of the dry-land forest must rely on yet unidentified water storage outside the root zone (e.g. deep soil pockets within the bedrock, or within the plants), which allow the plant to maintain high, with the only apparent adjustment reflected in shift of activity to early morning hours, when VPD is still low but the PAR levels are sufficiently high.</p>