The Option Block 1437: It's All About Silver, Biotechs and Nvidia

The markets are showing a splash of green as we break down a wild week in trading with The Flowmaster Henry Schwartz (Cboe Global Markets) and Uncle Mike Tosaw (St. Charles Wealth Management). From the unprecedented 20% weekly surge in Silver to the aggressive rotation out of Mag 7 tech and into Biotechs and Small Caps, this episode covers the critical moves every options trader needs to know. Plus, we look ahead to a heavy earnings week and reveal the panel's official 2026 VIX Crystal Ball predictions.

On This Episode:

The Trading Block: The "Meme-ification" of Silver

• The Silver Surge: Why Uncle Mike thinks Silver has officially entered "meme stock" territory after a staggering 20% move in one week.

• Market Rotation: Is the Mag 7 reign over? We discuss the rotation into the Russell 2000 (IWM) and the energy sector.

• Volatility Check: VIX comes back to earth toward the 15 handle, but the VVX remains "frothy" at 98.

The Odd Block: Unusual Activity in Small-Cap Tech and Bio

• Ardelyx (ARDX): Aggressive call buying in this biotech after a legal dismissal. Is there a clinical catalyst on the horizon?

• T1 Energy (TE): A massive sweep in the February 10 calls. Why Henry is keeping a "steely gaze" on alternative energy.

• Clearway Energy (CWEN): Unusual March 40 call buyers as the clean energy sector sees a resurgence.

The Mail Block: The 2026 VIX Crystal Ball

• The panel places their official bets on where the VIX will close on December 31st, 2026.

Around the Block: Earnings & Geopolitics

• Earnings Watch: Initial results from Goldman Sachs, Wells Fargo, and Taiwan Semi (TSM).

• Looking Ahead: Previewing moves for Netflix (NFLX), United Airlines (UAL), Intel (INTC), and Charles Schwab (SCHW).

• The Global Picture: Keeping an eye on Venezuela, Iran, and the upcoming STA Conference in Chicago.