Markets opened sharply lower Monday, with the S&P 500 down 72 points, Nasdaq futures (NQ) off 300 points, and the Dow shedding 500-plus. Volatility spiked to 22.80, near November highs. Oil surged roughly 8% to $72.23, pulling back from overnight highs near $75. Gold and silver showed strength, while Bitcoin and Ethereum dropped around 2%.

The discussion covered oil options strategy, including Jade Lizard structures in crude oil futures (/CL), opportunity cost during uncertain markets, and position sizing — emphasizing keeping risk between 1%-5% of account size.