S&P down 30 handles, NASDAQ down 148, and Russell down 7 with all indices declining around one-third of a percent. Volatility climbed to 18.80, with hosts noting "18 is the new 16" in terms of futures costs.

Silver surged 6.25% to new highs above $92, while gold rose $43. The gold-silver ratio hit 50, moving approximately $6,000-7,000 in three days. Bitcoin climbed to $95,200 after briefly touching $96,600.

Banking earnings showed mixed results with Citigroup up slightly while Wells Fargo remained down. The hosts discussed the impending Supreme Court tariff decision as a potential binary event for markets.

During Q&A, they explained the relationship between delta and theta positions, clarified stable coin characteristics versus Bitcoin, and addressed why selling smaller delta options with more contracts isn't always advantageous despite higher probability of profit.