This Week in Futures Options (TWIFO)

TWIFO 486: Widowmakers and Lethal Weapons

In this episode of This Week in Futures Options, host Mark Longo and guest Carly Garner discuss the week’s market movers, highlighting strong gains in precious metals like silver (+12.5%) and platinum (+8.78%) while noting declines in energy and agricultural commodities, especially natural gas (-5.97%). They shift to equity options, analyzing the post‑NVIDIA earnings fallout, the heavy bias toward zero‑day S&P and Nasdaq contracts, and the surge in large‑size puts and calls aimed at capturing yield. Garner warns that the market may be over‑leveraged on the upside with limited upside potential and suggests caution, even pointing to Treasury bonds as a safer yield alternative. The conversation also touches on unusual trading patterns, such as Monday‑expiring options gaining traction.