QCP: The new quarter kickstarted with some volatility in risk assets due to the escalation of the Israeli-Iranian conflict. Market is expecting Israel’s retaliation to be more critical as they target key infrastructures such as Iran’s nuclear or oil facilities. Demand for December calls still building up, highlighting market’s bullish view towards the end of the year. A resilient labour market coupled with the possibility of additional rate cuts later this year have boosted risk assets.