10/30/2026

TWIFO 520: Hogs, Stocks, and Trend Followers Get Slaughtered

Lean hogs are crashing, stocks are stumbling, and crude oil's reversals are hammering trend followers. Mark Longo welcomes Carley Garner of DeCarley Trading for a breakdown of the volatility, unusual options activity, and trading strategies across livestock, energy, equity indexes, and precious metals.

On this episode: • Lean hogs get slaughtered: A sharp selloff sparks a volatility surge. Carley discusses potential margin-call pressure and using protective puts with long futures. • Natural gas heats up: More than one million options contracts trade as heavy speculative shorts, winter weather risk, and unusual December put activity take center stage. • Crude oil whipsaws traders: Why trend-following systems are struggling—and how Carley is approaching a potential reversal in WTI. • Stocks stumble, small caps rally: Alphabet's earnings fallout pressures tech while the Russell 2000 attracts attention, including an unusual upside call spread. • Silver and gold send mixed signals: The hosts examine silver downside puts, gold's shifting correlations, and whether precious metals still offer a flight to safety.

Plus, options skew, volatility changes, collars, and the risks of selling cheap options in unpredictable markets.