Mike and Jermal analyze a steady market rally with the S&P 500 up over half a percent as volatility remains low. The VIX continues its contango pattern, suggesting a grinding upward market trajectory until something disrupts the trend. Silver emerges as a standout performer, surging 6% with unusually high implied volatility. The hosts examine a calendar spread in SLV at the 100 strike (May/Feb) that offers attractive premium due to elevated IV. Trade discussions include MCL positions, dollar strength against the Swiss franc, and potential Netflix earnings plays. They emphasize defensive strategies for ongoing positions in the current low-volatility environment. The duo closes with excitement about weekend NFL playoff matchups, particularly the Bears-Packers showdown, before answering viewer questions about trade management in SMH, RCL, and other names.

Mike and Jermal analyze a steady market rally with the S&P 500 up over half a percent as volatility remains low. The VIX continues its contango pattern, suggesting a grinding upward market trajectory until something disrupts the trend. Silver emerges as a standout performer, surging 6% with unusually high implied volatility. The hosts examine a calendar spread in SLV at the 100 strike (May/Feb) that offers attractive premium due to elevated IV. Trade discussions include MCL positions, dollar strength against the Swiss franc, and potential Netflix earnings plays. They emphasize defensive strategies for ongoing positions in the current low-volatility environment. The duo closes with excitement about weekend NFL playoff matchups, particularly the Bears-Packers showdown, before answering viewer questions about trade management in SMH, RCL, and other names.