
In this episode, Mark Longo and Carley Garner of DeCarley Trading dig deep into the data using the CME Group TWIFO tool to explore major volatility shifts, unexpected open interest spikes, and unique options trading strategies across multiple asset classes. What's Inside This Episode: The Movers & Shakers Report: A surprising look at the top gainers and losers over the last two weeks. Why did oats quietly take the #1 spot on the light side, and what triggered the Nikkei (in Yen) to plummet 14.8% to the dark side? Energy (Crude Oil & Natural Gas): A breakdown of WTI crude oil navigating Middle East geopolitical headlines, shifting call skews, and high-volume short-dated options. Plus, Carley explains why Natural Gas (the "Widowmaker") might be prepping for a 70–80 cent liquidation drop and how to play it with cheap puts. Equities (NASDAQ & S&P 500): Is this a "Teflon market" driven purely by AI complacency, or are we tracking a technical pattern mirroring the early 2026 meltdown? The hosts dissect a heavy round of 30k NASDAQ call options and the logistics of trading symmetrical butterflies in high-dollar indices. Foreign Exchange (FX & Japanese Yen): The Yen hits a 40-year low against the USD. Carley breaks down why FX options are surprisingly cheap, the probability of a Bank of Japan (BOJ) intervention, and how to structure low-risk micro/mini futures combinations. Agricultural Markets (Corn & Livestock): Grains get a temporary boost from weather rallies and Chinese buying rumors. Discover why the team is leaning short on Dec corn with long puts, and why live cattle charts are flashing ominous warning signs reminiscent of the 2014 macro blow-off top.
Jul 9
51 min

The commodity roller coaster kept traders busy this week as crude oil gave back much of its recent geopolitical premium, silver suffered another sharp selloff, and Nasdaq futures options lit up the tape following a volatile week for equities. On this episode of This Week in Futures Options, Mark Longo breaks down the biggest movers across the futures options landscape, including: Why silver volatility remains elevated despite a brutal correction Massive activity in WTI crude oil 65 puts as traders reposition Nasdaq 100 futures options reacting to earnings, inflation data and heavy market swings The biggest movers on the light side and dark side across CME markets Volatility, skew and unusual options activity across metals, energy and equity indexes What traders were buying and selling ahead of the America 250 holiday week
Jun 26
25 min

This week on This Week in Futures Options, Mark Longo welcomes first-time guest Jim Iurio, CEO of JI Financial Strategies, for a wide-ranging discussion covering the biggest movers and opportunities across the futures options landscape. Crude oil volatility has collapsed as geopolitical fears ease, gold traders are eyeing potential downside targets, the Nasdaq and Russell 2000 continue to show surprising strength, and SpaceX remains the talk of the trading world. Jim shares his technical outlook on energy, metals, equities and crypto while offering a variety of options strategies for traders looking to navigate today's markets. In this episode: • Crude oil's dramatic reversal and what comes next • Why Jim believes crude could ultimately trade much lower • Gold's surprising weakness during geopolitical turmoil • Put fly opportunities in gold and silver • Nat gas setups and key technical levels • Nasdaq and Russell 2000 outlooks • Liquidity, momentum and the current equity rally • The SpaceX options phenomenon and IPO enthusiasm • Bitcoin, Ethereum and crypto market analysis • Movers & Shakers across energy, metals and equity indexes
Jun 19
1 hr

On this episode of This Week in Futures Options, host Mark Longo is joined by Catherine Yoshimoto (FTSE Russell) for an in-depth look at the latest Russell Reconstitution changes, the return to semi-annual rebalancing, surging small-cap performance, and the explosive market interest surrounding the upcoming SpaceX IPO. In this episode, you'll discover: The biggest movers and shakers across CME Group markets Why silver, platinum and gold led the downside this week Small caps' impressive resurgence and the Russell 2000's renewed leadership The return to semi-annual Russell Reconstitution and what it means for investors Record-breaking growth in U.S. equity market capitalization Russell 2000 options flow, volatility and unusual put activity How skew dynamics in small-cap options differ from other major indices NVIDIA, Alphabet and the changing hierarchy of America's largest companies The unprecedented attention surrounding the SpaceX IPO and index inclusion debate FTSE Russell's methodology and fast-entry IPO rules explained New E-mini Russell 3000 futures A preview of the upcoming Russell 9000 Global Index What all of these developments could mean for futures and options traders
Jun 12
35 min

This Week in Futures Options reaches an incredible milestone as we celebrate 500 episodes of breaking down the markets that move the world. To mark the occasion, Mark Longo welcomes longtime TWIFO contributor Nick Howard of Bantix and QuickStrike for a special look back at more than a decade of futures options trading. Together they explore the biggest winners and losers since the show's debut, from the explosive rise of technology, precious metals, and equity indexes to the struggles of bonds and currencies. Plus, special congratulatory messages from friends of the show including Carley Garner, Catherine Yoshimoto, Dan Gramza, Derek Sammann, Kevin Green, Mike Tosaw, Rich Excell, Russell Rhoads, Scott Bauer, and Sean Smith. In this special episode: The best and worst performing futures markets of the past decade Silver, gold, equities, energy, and tech sector performance Bonds, rates, and currencies through a historic market cycle QuickStrike updates and futures options technology insights Listener questions and memories from 500 episodes A celebration of the guests and listeners who made TWIFO possible Whether you've been with us since the beginning or are discovering TWIFO for the first time, this milestone episode is a celebration of the futures options markets and the community that has grown around them.
Jun 5
1 hr 4 min

Dan Gramza joins Mark Longo on TWIFO 499 to break down a wild week across futures options. Equities continue to rally, nat gas lights up the tape, crude oil and Brent tumble, and metals remain stuck in a choppy range. Plus, a look at hot options activity in Russell 2000, natural gas, WTI crude, gold and silver.
May 29
57 min

This episode dives into the futures options landscape with special guest Bobby Iaccino (Path Trading Partners). The crew breaks down the relentless equity rally, small-cap rotation, crude oil "theta bombs," natural gas seasonality gone haywire, and the sharp reversal in silver. Plus: active trades in Russell puts, nat gas calls, crude upside bets, and Bobby's surprise euro short idea.
May 22
54 min

The markets are seeing a sea of green this week, and the bulls are showing no signs of slowing down. Host Mark Longo is joined by Scott Bauer of Prosper Trading Academy to break down a "meteoric" rally in the S&P 500 and a surprising surge in commodities that's defying the traditional geopolitical playbook. In this episode, we dive into: Equities Spotlight: The S&P 500 breaks through the psychological 7500 barrier. Scott explains why this is one of the "most hated rallies" in memory and how he's using Iron Condors to navigate high volatility. Energy Update: Crude oil (WTI) threatens the par strike once again. We analyze the narrowing volatility gap between Crude and Natural Gas and what the July 80 puts tell us about market sentiment. Metals Movers: Copper is stealing the spotlight from Silver, threatening all-time highs. We break down the massive vertical spreads hitting the tape in the September contracts. Agricultural Surprises: Why conflict in the Middle East led to an unexpected 11% explosion in SRW Wheat. Zero-Day Madness: A look at the "insatiable appetite" for 0DTE options and why traders are paying a nickel for outlandish strikes. Get the Data: Follow along with the reports featured in this episode at cmegroup.com/twifo .
May 15
46 min

To make your workflow as smooth as possible, I've tailored these specifically for the requirements of each platform. The Libsyn version focuses on readability for mobile podcast apps, while the YouTube version is optimized for search visibility and video engagement. 1. Libsyn Show Description Copy and paste this into your Libsyn "Description" or "Show Notes" field. TWIFO 496: Live from OIC 2026 | Equity Surges & Volatility Shocks Live from the Options Industry Conference (OIC) 2026 in Palm Beach, Florida, host Mark Longo brings you a special "Just the Facts" edition of This Week in Futures Options. The markets are hitting a fever pitch as we balance a 50/50 split between "light side" gainers and "dark side" laggards. We break down the massive institutional volume at CME Group, from the surprising rally in Rough Rice to the heavy retreat in the Energy complex. On the Docket: Movers & Shakers: A look at the NASDAQ 100, Bitcoin, and Silver gains vs. the sharp drops in Brent, WTI, and RBOB. Equity Spotlight: The E-Mini S&P 500 is "kissing strikes" we've never seen. We analyze the 3.3 million contracts on the tape and the massive 0DTE (zero day) flow. NASDAQ Analysis: Why traders are eyeing the 26,000 puts for a potential near-term reversal. OIC 2026 Trends: Brief insights on 24-hour trading, crypto, and AI from the conference floor. Resources: CME Group Data: Check the reports for yourself at cmegroup.com/twifo Go Pro: Get exclusive Q&A sessions and live access at theoptionsinsider.com/pro
May 8
16 min

Is soybean oil the new crude? As energy markets continue to dominate the headlines, Carley Garner (DeCarley Trading) joins Mark Longo to break down a wild week in the futures and options pits. From WTI crude skyrocketing toward $110 to the S&P 500 hitting "obscene" new intraday highs on the back of AI spending, the markets are anything but quiet. In this episode, Mark and Carley discuss: Energy Overdrive: Why WTI crude is seeing massive volume in the June $120 calls and July $70 puts. The "Secret" Substitute: Why traders looking for lower risk and high correlation are moving from WTI to Soybean Oil. Equities on Fumes: A look at the "insane" S&P 500 rally—is it fueled by AI infrastructure or just "fake money" in the system? Natural Gas Strategy: Why the $3.00 level is the focal point and how to scale into long positions with minis. Ag & Livestock: A "toppy" look at Live Cattle and why the seasonal trend favors the bears.
May 1
54 min
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