Is the market teetering on the edge of a "seminal collapse"? On this episode of Volatility Views, Mark Longo, Mark Sebastian (the "Meatball"), and Russell Rhoads (Dr. VIX) break down a chaotic week in the vol markets. From the aftermath of a legendary "V-Death Match" on the Pro network to the Supreme Court's ruling on tariffs, the team explores why the VIX is hovering near 20 despite indices sitting near all-time highs.

Inside This Episode:

• The Volatility Review: A deep dive into the "weird" market reaction following the Supreme Court tariff ruling, spicy PCE data, and the decoupling of the Mag Seven from the rest of the market.

• The Private Credit Fiasco: Mark Sebastian sounds the alarm on cross-asset margining, Bitcoin's "teetering" state, and the potential for a Michael Saylor "apology tour."

• The VIX Mothership: Analysis of the massive call buying in March, April, and even May 70/80 strikes. Is someone hedging for a black swan?

• Russell's Weekly Rundown: Breaking down the "best option trade ever seen" using July 100 calls to finance downside protection.

• The Weekend Trade: With carrier groups moving in the Gulf and geopolitical tensions rising, is it time to load up on UVIX?