Is it time to give the markets the "Big Adios"? Host Mark Longo and guest Dan Gramza of Gramza Capital Management break down an explosive week in the futures options markets. From relief rallies in equities to the curious behavior of the "safe haven" play in gold, we're dissecting the top movers and the most aggressive options paper hitting the tape.
In This Episode:-
Movers & Shakers: A heavy bias toward the light side this week. We analyze the 8% surge in Hard Red Wheat and the massive 4.7% climb in the NASDAQ 100.
-
Equities Spotlight: S&P 500 (ES) is hitting new all-time highs. Is this the "mother of all relief rallies," or are new sellers preparing a trend change? Plus, a look at the heavy 0DTE action around the 7100 level.
-
Metals (Copper & Gold): Dan explains why he's skeptical of the copper rally and shares a "Big Adios" level for the red metal. We also explore the broken traditional playbook for gold during Middle East conflicts and its relationship with the 10-year yield.
-
Energy (WTI Crude Oil): Crude is vacillating near the $91 mark. We break down the June par calls, the $65 puts, and why the "hopium" regarding Middle East de-escalation is driving the current term structure.
Check out the Movers & Shakers report and more at CMEGroup.com/TWIFO .