June's Premiere
The Week Ahead. 2 earnings breakdowns, 3 stocks to watch & SPY greeks!
Good Morning Substack,
Despite dipping lower during both Tuesday and Friday trade, market participants used the opportunities to buy the dip as the SPY closed the week in the green.
Economic Calendar
Monday, June 2
Construction spending
U.S. Manufacturing PMI
ISM manufacturing index
Fed Chair Jerome Powell speech (7pm est)
Tuesday, June 3
Factory Orders
Wednesday, June 4
Fed Beige Book
Thursday, June 5
Initial Jobless Claims
International Trade Report
Friday, June 6
May U.S. jobs report
In addition to this week’s Beige Book, traders that are looking to analyze the importance of this week’s economic events can utilize the Fed’s comments surrounding both inflation and the labor market.
Earnings Calendar
Tuesday, June 3
NIO
Earnings pivot = 4
Short below/long above
NIO net Δ via Vexly
DG
Earnings pivot = 100
Long above
Target 110
Short below
Targets 95, 90
Positioning also suggests dips to 90 should they present themselves, will be supported
DG weekly via TrendSpider 
DG net Γ via Vexly
CRWD
HPE
Wednesday, June 4
DLTR
FIVE
BARK
Thursday, June 5
AVGO
DOCU
LULU
Stocks to Watch
CSX 0.00%↑
CSX stock showed continued strength after a gap higher to begin last week’s trade. The stock looks primed for a potential continuation as we are set to enter June trade.
During Friday’s session, CSX saw an uptick in options activity. The activity from the session can be classified as both directional and bullish.
CSX does not typically get mass amounts of option activity, so the gamma positioning for the week ahead looks odd. However, the important data traders should take from it is that market makers will remain long CSX >30 & 32.5 during the coming week of trade.