On Options Jive, Tony and Nick break down a market still being driven by oil volatility and macro headlines. With crude posting its largest trading ranges in a decade and volatility remaining elevated, the conversation centers on how energy prices are feeding inflation fears and keeping traders on edge ahead of the FOMC decision and key inflation data this week.
They also review the past week’s market performance, where equities posted back-to-back down weeks, something traders haven’t seen much this year. Despite indices only sitting a few percent off highs, the internal picture looks weaker — especially with most of the Mag 7 now negative for the year outside of Nvidia. The takeaway: volatility is still elevated, opportunity is everywhere, but this is a tape where staying nimble matters more than trying to call a clean bottom.