US joins Israel/The Week Ahead
US bombs Iran's nuclear sites, the fallout, earnings, SPY, TSLA + more
Good Morning Substack,
After President Trump approved the bombing of Iran’s nuclear sites, Operation Midnight Hammer was successfully carried out by U.S. B-2 bombers.
After the United States completed military strikes on Iran’s nuclear enrichment facilities, potentially major complications have begun to unfold.
A Heightened Risk of Attacks on U.S. Military bases positioned in the middle east.
Iran has stated that all options are on the table and vows to retaliate to U.S. bombings. U.S. troops in the region have already been briefed to prepare for a “heightened threat environment”.
Iran Parliament moves to close The Strait of Hormuz
Although The Strait of Hormuz has never been fully closed, the fear of closure has historically created a short-term spike in oil prices.
Any closure of the strait can have a crippling impact on the world’s crude oil supply as roughly 20% of all global oil consumed daily passes through the Strait of Hormuz.
Iran’s Uranium is still safe?
Initial reports seem to suggest Iran was aware of the potential looming bombing and took the opportunity to evacuate their uranium stockpile elsewhere.
The U.S. & Israel’s attacks could prompt a now angry Iran to build a nuclear bomb quicker than they previously would have.
Economic Calendar
Monday, June 23
S&P flash U.S. services/manufacturing PMI
Existing Home Sales
Tuesday, June 24
S&P Case-Shiller home price index
Consumer Confidence
Fed Chair Powell testifies to House Financial Service Committee
Wednesday, June 25
New home sales
Thursday, June 26
Advanced U.S. goods trade balance
Advanced retail and wholesale inventories
Initial Jobless Claims
Durable goods orders
GDP (second revision)
Pending Home Sales
Friday, June 27
Consumer sentiment
Personal income
Personal spending
PCE index / YoY
Core PCE / YoY
Earnings Calendar
FDX major pivot for the week ahead = 220
FDX net Γ via Vexly FDX pivot = 220
Short only below
Potential weakness below towards 200
Long above 230
Positive gamma positioning will take control above
Targets 240, 250
An important week for NKE is on the horizon
After testing the largest volume shelf on the weekly timeframe to begin Q2 trade, NKE has slowly begun to recover some of Q1’s losses
NKE weekly via TrendSpider 
NKE net Δ via Vexly NKE earnings pivot
$60
Peak delta and gamma exposure at the spot
Long only on sustained trade above
Target 65
Failure to reclaim 60 as support can result in NKE once again trading lower
Target 55
SPY 0.00%↑ Greeks
The developments in Iran over the weekend lean bearish as we head into this week. It is challenging to be bullish currently as the market awaits Iran’s response to the U.S. attacks.
The market is likely awaiting Iran’s response, and any retaliation against American troops is likely to draw the U.S. back in for further attacks.