In this action-packed episode of This Week in Futures Options (TWIFO), host Mark Longo and special guest Dan Gramza (Gramza Capital Management) break down the massive volatility and unexpected price movements across commodity and futures options markets. We conduct a detailed futures options analysis on the shocking, explosive rip in Silver, which is now the best-performing asset tracked by the show this year. We also dive into the highly active Natural Gas (NG) market, discussing key support levels and the shifting landscape of global LNG demand. Plus, we address the viral audience theory: Is Taylor Swift cornering the silver market?

📈 Key Topics & Trading Takeaways

• Explosive Silver Rally: Detailed breakdown of the 14.05% spike in silver and the Feb 80/85 Silver Call Vertical trade (for only 12 cents!), as volatility is aggressively priced out.

• Natural Gas Volatility: Analysis of the current Nat Gas (NG) five-handle price level, the demand outlook for a colder winter, and the dominant Jan 6 Calls and Jan 4 Puts trading activity.

• Gold (GC) Market Structure: Comparing gold's performance to silver, the role of central bank demand (dollarization/de-dollarization), and the 4500-strike call vertical flow.

• Futures Options Volatility: A look at the week's C-Vol report showing volatility annihilation across the board for FX, Treasuries, Metals, and Energy.

• The Great Debate: Guest Dan Gramza shares his expert opinion on whether cranberry sauce with nuts qualifies as a side dish or a topping.

HOST: Mark Longo, The Options Insider

CME HOT SEAT: Mike Tosaw, St. Charles Wealth Management

In this episode, Mark and Mike discuss the significant trading volume and price swings in the S&P 500, spurred by Nvidia earnings and broader market dynamics. The show delves into specific trades and strikes lighting up the tape, highlighting unusual activity in short-term options. Uncle Mike shares insights into the bond market, focusing on the 10-year note and the implications of upcoming Fed decisions. Additionally, the episode examines heightened activity in the gold market, providing an in-depth look at trading strategies and market sentiment.

HOST: Mark Longo, The Options Insider

CME HOT SEAT: Russell Rhoads, Indiana University Kelley School of Business

In this episode of This Week in Futures Options, the hosts explore significant movements and trades across various markets. They focus on the explosive action in gold and silver, with deep in-the-money gold calls and far out-of-the-money silver calls taking center stage. They also delve into the dynamics of the energy sector, examining the contrasting fortunes of crude oil and natural gas. Additionally, the episode discusses the interesting divergences in equity volatilities, particularly in the Russell 2000 amidst potential Santa Claus rally trends. The hosts round off with insights from the latest movers and shakers, providing a comprehensive snapshot of the futures options landscape.