Episodios

  • TWIFO 492: Crude Slides and Stocks Soar on Iran Deal
    Apr 10 2026

    Here are two SEO-optimized show descriptions for TWIFO 492: Crude Slides and Stocks Soar on Iran Deal, tailored for Libsyn and YouTube.

    Is the energy rally finally running out of steam? In this high-octane episode of This Week in Futures Options, host Mark Longo is joined by Mike Tosaw of St. Charles Wealth Management. Together, they dissect a massive reversal in the markets as crude oil takes a double-digit tumble while equities stage an aggressive relief rally following headlines of a potential U.S.-Iran ceasefire.

    From the shifting volatility in WTI to the surprising resilience of small caps, we break down the institutional flow and retail sentiment across the CME Group complex.

    In this episode, we cover:

    • The Movers & Shakers: A look at the "dark side" dominated by Energy (WTI, Brent, and Heating Oil) versus the "light side" led by Bitcoin and the Russell 2000.

    • Equities (S&P 500 & Russell 2000): Analyzing the 24-hour market's reaction to geopolitical news and the aggressive rotation back into small caps.

    • Energy Deep Dive: Why WTI volume is 2x the normal average and what the "par" strike (100) tells us about future price action. Plus, a look at the bizarre "volatility flip" between Crude and Natural Gas.

    • Interest Rates: Examining the 10-year note, the disappearance of the inverted yield curve, and why puts are back on the menu for rates traders.

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    58 m
  • TWIFO 491: Crude Oil Surges & Small Cap Volatility Amid Iran Conflict
    Apr 3 2026

    In this episode of This Week in Futures Options, Mark Longo dives into a wild week of trading dominated by headlines surrounding the Iran conflict. From massive moves in WTI Crude to a fascinating rotation in the Russell 2000, we break down the movers and shakers lighting up the tape at CME Group.

    In this episode, we cover:

    • The Movers & Shakers: Why WTI Crude Oil topped the list with an 18% move while Natural Gas continued its slide to the "dark side."

    • Safe Havens vs. Risk Assets: A look at Gold, Silver, and Platinum's performance during geopolitical uncertainty.

    • Equities & Small Caps: A deep dive into the Russell 2000 (RTY), exploring the 2300 put spreads and why puts dominated the tape despite a late-week rally.

    • Volatility & Skew: Analyzing the 7-point drop in small-cap volatility and how skew is shifting in the April contracts.

    Whether you're a veteran trader or a newcomer, tune in for the data-driven insights you need to navigate today's volatile futures options marketplace.

    This episode is brought to you by CME Group.

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    14 m
  • TWIFO 490: It All Ends In Tears
    Mar 27 2026

    Volatility is back with a vengeance! In this episode of This Week in Futures Options, host Mark Longo and Carley Garner (DeCarley Trading) break down a "blood red" Thursday as equity indices struggle to hold their gains and the energy complex reaches a boiling point.

    From the "Queen of Crude" to the "Widow Maker," we dive deep into the massive volatility shifts hitting the CME Group markets. Is the stock market repeating last year's April pattern? Why is gold behaving like a risk asset instead of a safe haven? And what on earth is the "Oats Knows" indicator telling us about the grains?

    On the Dossier:

    • Movers & Shakers: A 60/40 bias toward the dark side, led by a massive drop in Oats and Silver.

    • Equities: Analyzing the "orderly" sell-off in the S&P and Nasdaq—and why the elevated VIX has us nervous about hidden leverage.

    • Energy: WTI crude enters triple-digit volatility. Carley explains why "it all ends in tears" and offers a clever way to play the energy trade through the Japanese Yen.

    • Metals: Gold breaks its traditional playbook. We look at the 4,100 "line in the sand" and why silver speculators have officially left the building.

    • Agricultural: A flip in corn skew and how to use the grains to play the war without the "triple-digit" volatility of crude oil.

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    53 m
  • TWIFO 489: Middle East Conflict Shakes Energy Spreads, Defies Gold Logic & Rattles Equities
    Mar 20 2026

    In this episode, Mark Longo and Dan Gramza dive deep into the massive dislocations hitting the futures and options markets as Middle East tensions escalate. While WTI remains surprisingly range-bound, the Brent spread has widened to levels not seen in over a decade. Why isn't gold acting as a safe haven, and what is the "put bomb" currently dropping in the S&P 500?

    In this episode, we cover:

    • Movers & Shakers: Heating Oil and Lumber lead the bulls, while Silver and Platinum take a massive hit.

    • Energy: The 11-year high in the Brent/WTI spread, the impact of the Strait of Hormuz, and a look at the massive 1x3 vertical calls in Brent.

    • Equities: Why the S&P 500 remains "orderly" despite the volatility, and a look at the heavy 6500 put activity.

    • Metals: The missing "flight to quality"—why Gold is selling off during a geopolitical crisis and what the 35+ vol means for traders.

    • Nat Gas: Assessing the damage to global LNG facilities and the neutral zone between $2.90 and $3.30.

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    1 h y 2 m
  • TWIFO 488: A Historic Week for Crude Oil
    Mar 13 2026

    This week, we aren't just talking about movers—we're witnessing a historic disruption in the energy markets.

    We dive deep into the explosive price action and triple-digit volatility in WTI Crude Oil, where mining in the Straits of Hormuz and tanker attacks have sent WTI and Brent soaring. Is the "par" level the new floor? We break down the massive volume in May 95 calls and the 120-strike volatility crush.

    In this episode, we cover:

    • Movers & Shakers: Why the light side is dominating with double-digit gains in Energy and Platinum, while Financials lead the slide to the dark side.

    • Equities: A "banger week" for the E-mini S&P 500. We analyze the massive 23% bid in put skew and the 6500/6400/6300 put fly lighting up the tape.

    • Small Caps: Is the rotation dead? We look at the spike in Russell 2000 volume as it flirts with negative territory for the year.

    • Energy Deep Dive: A "ridiculous" amount of volume in Crude. We look at the 95/Par vertical and what December 120 calls tell us about the geopolitical outlook.

    Don't miss this breakdown of the volatility swings, skew changes, and hot trades at CME Group.

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    30 m
  • TWIFO 487: An Explosive Week in Energy, Equity, Crypto and More
    Mar 6 2026

    The markets are anything but calm this week. Join host Mark Longo and special guest Erik Norland, Chief Economist at CME Group, as they break down a historic surge in volatility across every major asset class. From geopolitical tensions driving double-digit moves in crude oil to the "incoherent" signals between gold and treasury yields, we dive deep into the data you need to navigate this changing landscape.

    On this episode, we discuss:

    • Energy: WTI Crude's 21%+ surge—is the market pricing in a long-term Middle East disruption, or is the move surprisingly muted?

    • Metals: Why Gold and Silver are decoupling from the "flight to quality" narrative and what the 6,000 strike in Gold tells us about long-term sentiment.

    • Crypto: The "Digital Gold" debate—Erik explains why the correlation between Bitcoin and Gold remains near zero despite the recent volatility.

    • Rates & Credit Spreads: A look at the massive volume in 10-year notes and why narrowing credit spreads might be ignoring brewing risks in private credit.

    • Equities: The rotation from large-caps to small-caps—is the Russell 2000 rally overdone, or is there more room to run?

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    51 m
  • TWIFO 486: Widowmakers and Lethal Weapons
    Feb 27 2026

    On this episode of This Week in Futures Options, Mark Longo and Carley Garner of DeCarley Trading dive into a turbulent week across the CME Group complex. From the post-Nvidia "bloodletting" in the equities to the persistent volatility in the energy pits, they break down the moves that matter.

    In This Episode:
    • The Movers & Shakers: A heavy tilt toward the "light side" with metals dominating the leaderboard. Why silver and platinum are lighting up the tape while the "Widowmaker" Nat Gas slides.

    • Equities: Analyzing the post-earnings Nvidia hangover. Is the market rotation finally here, and what's behind the massive hunt for yield in the Nasdaq?

    • Energy: Getting "Crude" with WTI. Carley explains why the Middle East tension is priced in, but the real story might be coming from Venezuela. Plus, a look at those tempting (and cheap) downside puts.

    • Metals: Why speculators are suddenly "getting base" with Copper. Is Copper the next big meme trade, or is it just a classic boom-and-bust cycle?

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    48 m
  • TWIFO 485: From the Equity Put Spread Craze to Meme Stock Metals & Crude's Inflection Point
    Feb 20 2026

    In this action-packed episode, Mark Longo and Scott Bauer of Prosper Trading Academy dissect a market where standard playbooks are being thrown out the window. From "meme-style" moves in Silver to heavy hedging in the S&P 500, we break down the institutional flow and retail frenzy.

    • The Equity Craze: Why everyone has put spreads on the brain. We analyze the heavy volume in the E-mini S&P 500 March 6600/6500 vertical and the "frothy" volatility return to the Russell 2000.

    • Energy Inflection: WTI Crude is at a crossroads. We discuss the $5-$10 move potential based on geopolitical headlines and the "Grand Slam" reversal in Natural Gas.

    • Meme Stock Metals: Triple-digit volatility in Silver has transformed it into a meme-trader's paradise. Are the April 125 calls a total YOLO, or is there method to the madness?

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    51 m