04/24/2026

TWIFO 494: Equity Whipsaws & Crude Oil Surges

In this "Just the Facts, Ma'am" edition of This Week in Futures Options, Mark Longo breaks down a bifurcated week at the CME Group. With volatility creeping back into the equities and geopolitical tensions lighting a fire under energy, we examine the massive shifts in skew and volume across the complex.

On the Docket for Episode 494:

  • Movers & Shakers: Why silver and soybeans are heading to the "Dark Side" while RBOB and KC Wheat lead the "Light Side."

  • Equities: High-volume 0DTE action in the S&P 500 and a rotation check in the Russell 2000 (IWM).

  • Agricultural Spotlight: A deep dive into the massive vol explosion in KC Wheat and the unusual wing-buying in Soybean Oil.

  • Energy: WTI Crude vol is threatening triple digits. We analyze the 110/120 call spreads and the crumbling put skew as traders brace for more upside.