Hosts Nick and Tony welcomed researcher Kai to analyze a week where equity markets appeared calm (S&P essentially flat) but underlying volatility reached extreme levels across all asset classes. Silver's 31% intraday collapse and 25% close represented the largest pullback since Hunt Brothers' 1980s manipulation, with only that event providing historical comparison. The gold-silver ratio's reversal from 46 lows back to 58 in 48 hours inflicted pain on both sides for traders who suffered losses at 115 highs then again on the way down. Nick emphasized the futility of macro analysis when "nothing changed in 48 hours" to justify such moves. Natural gas, crude oil ($5-7 weekly range), euro (above 120), and dollar (5-6 year lows) all experienced outsized volatility. Individual stock action showed biblical moves with memory stocks (Sandisk up 22% to $675 then back to $530 - $140 intraday range, STX from $350 to $450 to $400) while Microsoft down 20% went unnoticed. Earnings season maintained perfect 50-50 split across growing dataset, with upcoming week featuring Palantir today, AMD, PayPal, Uber, Lilly, Alphabet, and Amazon - though hosts questioned whether volatility would "stay bid" given speed at which it gets "smashed down."

Hosts Nick and Tony welcomed researcher Kai to analyze a week where equity markets appeared calm (S&P essentially flat) but underlying volatility reached extreme levels across all asset classes. Silver's 31% intraday collapse and 25% close represented the largest pullback since Hunt Brothers' 1980s manipulation, with only that event providing historical comparison. The gold-silver ratio's reversal from 46 lows back to 58 in 48 hours inflicted pain on both sides for traders who suffered losses at 115 highs then again on the way down. Nick emphasized the futility of macro analysis when "nothing changed in 48 hours" to justify such moves. Natural gas, crude oil ($5-7 weekly range), euro (above 120), and dollar (5-6 year lows) all experienced outsized volatility. Individual stock action showed biblical moves with memory stocks (Sandisk up 22% to $675 then back to $530 - $140 intraday range, STX from $350 to $450 to $400) while Microsoft down 20% went unnoticed. Earnings season maintained perfect 50-50 split across growing dataset, with upcoming week featuring Palantir today, AMD, PayPal, Uber, Lilly, Alphabet, and Amazon - though hosts questioned whether volatility would "stay bid" given speed at which it gets "smashed down."

Nick and Tony discuss the current market actions, highlighting significant volatility and movement in major indices, including the S&P 500 (SPY) and Nasdaq (NDX). Key points include a noted downturn in Bitcoin (BTC) and Ethereum (ETH), while oil futures fall significantly. The discussion also covers the Greeks in trading, emphasizing Delta's importance. The guys suggest strategies for new traders in commodities, proposing wide iron condors as a suitable entry point and advising caution with high volatility assets like gold (GLD) and silver (SLV).

Nick and Tony discuss the current market actions, highlighting significant volatility and movement in major indices, including the S&P 500 (SPY) and Nasdaq (NDX). Key points include a noted downturn in Bitcoin (BTC) and Ethereum (ETH), while oil futures fall significantly. The discussion also covers the Greeks in trading, emphasizing Delta's importance. The guys suggest strategies for new traders in commodities, proposing wide iron condors as a suitable entry point and advising caution with high volatility assets like gold (GLD) and silver (SLV).

In the latest episode of Tasty Live's "First Call," hosts Chris Vecchio and Ilya Spivak review a turbulent week in the markets, focusing on significant declines in metals such as silver (down 22.5%) and gold (down 5.4%). They discuss the impact of the CME margin hike on precious metals and analyze shifting dynamics in equities, particularly in tech stocks. The upcoming central bank decisions and non-farm payroll data raise concerns about interest rates and market volatility, with key earnings reports on the horizon.

In the latest episode of Tasty Live's "First Call," hosts Chris Vecchio and Ilya Spivak review a turbulent week in the markets, focusing on significant declines in metals such as silver (down 22.5%) and gold (down 5.4%). They discuss the impact of the CME margin hike on precious metals and analyze shifting dynamics in equities, particularly in tech stocks. The upcoming central bank decisions and non-farm payroll data raise concerns about interest rates and market volatility, with key earnings reports on the horizon.

Explore strangle position management through earnings events using systematic adjustments. This episode examines when rolling options makes strategic sense as premiums decline, how delta adjustments help maintain targeted risk parameters, and considerations for profit-taking before binary market events. Analysis covers volatility differential capture, position sizing principles, and the trade-offs between holding through earnings versus securing favorable outcomes in volatile conditions.

Explore strangle position management through earnings events using systematic adjustments. This episode examines when rolling options makes strategic sense as premiums decline, how delta adjustments help maintain targeted risk parameters, and considerations for profit-taking before binary market events. Analysis covers volatility differential capture, position sizing principles, and the trade-offs between holding through earnings versus securing favorable outcomes in volatile conditions.