In this episode of The Option Block, Mark Longo, Mike Tosaw (St. Charles Wealth Management) and Kevin Nichols (Cboe Global Markets) to step into the arena. With the VIX flirting with the 21 level, the panel explores whether the bullish run is finally hitting a wall and if it's time to embrace the "dark side" of the markets.

On the Docket:

• The Trading Block: A look at the S&P 500, Nasdaq, and Russell 2000. Plus, why everyone—from the pros to the "amateurs"—is suddenly obsessed with Gold and Silver.

• The Odd Block: Unusual activity in Figma (FIG) following earnings and a look at the massive flow in Newmont (NEM).

• The Mail Block: Mike Tosaw faces the heat from the Pro Chat: Will he ever buy SLV again, or is he waiting for the 30-handle?

• Around the Block: Predictions for Tesla (TSLA) as it gets squeezed between moving averages and what to watch for the rest of the week.

Go to https://tastytrade.com/podcasts

The sea of green has finally evaporated. On this episode, the All-Star Panel breaks down a brutal day of red on the screen as the S&P 500 flirts with its yearly open. From the sudden VIX pop to the "0DTE-ification" of single stocks, we're breaking down all the action from the pits to the screen.

The Trading Block:

• Market Bloodletting: The S&P, Dow, and NASDAQ are all in the red. Is this a "Buy The Dip" opportunity or the start of a volatility regime shift?

• VIX Hits 20: Analyzing the spike in volatility and the VIX Decomposition—is the whole surface lifting, or are we just sliding down the skew?

• 0DTE Dominance: New data reveals that 50% of Tesla's (TSLA) volume is now Zero Days to Expiration. We discuss the impact of daily expirations on single-stock liquidity.

• Big Tech Carnage: Breaking down the moves in Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA).

The Odd Block:

• Dollar General (DG): Unusual call activity in the "stealth banger" of the year.

• AES Corp (AES): Why traders are flocking to utility options amidst the AI power demand surge.

Around the Block:

• Earnings Intel: Pricing the moves for Coinbase (COIN) and Rivian (RIVN).

• Volatility Death Match 2.0: A preview of the upcoming battle between The Flowmaster Henry Schwartz and Scott Nations.

Contact the Panel:

• "Uncle" Mike Tosaw: St. Charles Wealth Management

• The "Flowmaster" Henry Schwartz: Cboe Options Institute

• Mark "The Voice of Options" Longo: The Options Insider

In this episode of The Option Block, Mark Longo, "Uncle" Mike Tosaw, and Andrew "The Rock Lobster" Giovinazzi dive into a wild week of market reversals, Super Bowl takeaways, and a legendary 80s trivia question that leads to some... interesting historical discussions.

The panel breaks down the shift in the AI narrative—from "unlimited upside" to "unlimited spending"—and what it means for the Mag Seven. Plus, they explore the unusual activity in cheap biotechs and the risks of trading wide markets where you might just get "punched in the face" by the spread.

• The 80s Trivia Challenge: A "Steelers choice" round featuring a badly aimed tomahawk and a controversial question about where Hitler wrote Mein Kampf.

• The Trading Block: S&P 500 resiliency, VIX hovering near a million contracts a day, and the defensive masterclass of the Super Bowl.

• AI & The Creative Destruction: Why the "Mag Seven" might be losing their grip as massive AI infrastructure spending begins to weigh on tech giants like Google, Amazon, and Microsoft.

• Odd Block: Unusual activity in Mura Therapeutics (NMRA)—is it a bullish risk reversal or a market maker's trap?

• Strategy Block: Uncle Mike discusses the discipline of "having your cake and eating it too" with covered calls and when to exit for 97% profit.

• Around the Block: A look ahead at non-farm payrolls, the launch of single-name zero-day options (0DTE), and upcoming earnings for Coke, CVS, Robinhood, and the "dumpster fire" that is Ford.