Hey folks, Brandon here. 

Here's what nobody saw coming...

So Iran closes the Strait of Hormuz. Bunker buster bombs hit Persian Gulf sites. Oil gaps to $117.

Classic escalation trade, right? Go long energy, buy bonds, dollar strength...

Dead wrong.

By 10:30 AM, everything reversed. S&P rallied 1%. Oil crashed back to $67. The "obvious" Middle East crisis trade got absolutely demolished.

I'm Brandon Chhatm, and last Tuesday I spotted massive option prints screaming escalation. Exxon, XOP, CVX, Devon — energy everywhere. Plus huge Treasury bond action. Made perfect sense... until it didn't.

Want to know what really happened?

The institutions nailed the escalation timing but missed the speed. Everything escalated so fast the market basically said "it's over" before most traders could blink.

Here's the part that changes everything...

Those same option prints that predicted the escalation? They're now pointing to the next move. And it's not what you think.

I'm tracking two massive SPY prints at 594.92 and 598.64 that just flipped from resistance to support. Plus there's this jets trade — 4,000 contracts in one sweep — that could signal a 15% move if oil keeps dropping.

But here's what's really wild:

I'm still expecting that 5-10% correction I called on June 6th. Doesn't mean we can't retest 605 on SPY first. The VIX is trying to push back to 16, which could create the perfect setup for what's coming next.

The airline trade alone...

JETS rallied off today's lows the moment everything flipped. One trade, 4,000 contracts, targeting $23 in 18 days. If we break through that level, gamma pressure could squeeze this thing much higher.

Bottom line: Smart money got the crisis right but timed the exit wrong. Now there's a new setup forming, and most people are still fighting the last war.

WATCH THE FULL BREAKDOWN HERE

Don't be the trader giving your money to someone who saw this reversal coming.

The next move starts tomorrow.

Brandon

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