Markets finished the week on a softer note, with E-mini S&P 500 futures (ES) and Nasdaq (NQ) slightly lower. Silver (SLV) surged 7%, crude oil (CL) gained 2%, while Bitcoin (BTC) and Ethereum (ETH) dropped roughly 3% and 4.7%, respectively. Ten-year yields fell below 4% for the first time since October. Mike broke down a successful SPX put spread trade tied to Nvidia (NVDA) earnings, legging out of multiple positions for a combined $1,100+ gain. The duo also reviewed calendar spreads in SPX, a Costco (COST) calendar ahead of earnings, and a corn (ZC) position closed for a $100 profit. Viewer questions covered zebra setups in Netflix (NFLX), super bear structures in crude oil (CL), strangle candidates including Salesforce (CRM) and Freeport-McMoRan (FCX), and rolling an in-the-money CoreWeave (CRWV) short put.

Markets finished the week on a softer note, with E-mini S&P 500 futures (ES) and Nasdaq (NQ) slightly lower. Silver (SLV) surged 7%, crude oil (CL) gained 2%, while Bitcoin (BTC) and Ethereum (ETH) dropped roughly 3% and 4.7%, respectively. Ten-year yields fell below 4% for the first time since October. Mike broke down a successful SPX put spread trade tied to Nvidia (NVDA) earnings, legging out of multiple positions for a combined $1,100+ gain. The duo also reviewed calendar spreads in SPX, a Costco (COST) calendar ahead of earnings, and a corn (ZC) position closed for a $100 profit. Viewer questions covered zebra setups in Netflix (NFLX), super bear structures in crude oil (CL), strangle candidates including Salesforce (CRM) and Freeport-McMoRan (FCX), and rolling an in-the-money CoreWeave (CRWV) short put.