Is soybean oil the new crude? As energy markets continue to dominate the headlines, Carley Garner (DeCarley Trading) joins Mark Longo to break down a wild week in the futures and options pits. From WTI crude skyrocketing toward $110 to the S&P 500 hitting "obscene" new intraday highs on the back of AI spending, the markets are anything but quiet.

In this episode, Mark and Carley discuss:

• Energy Overdrive: Why WTI crude is seeing massive volume in the June $120 calls and July $70 puts.

• The "Secret" Substitute: Why traders looking for lower risk and high correlation are moving from WTI to Soybean Oil.

• Equities on Fumes: A look at the "insane" S&P 500 rally—is it fueled by AI infrastructure or just "fake money" in the system?

• Natural Gas Strategy: Why the $3.00 level is the focal point and how to scale into long positions with minis.

• Ag & Livestock: A "toppy" look at Live Cattle and why the seasonal trend favors the bears.

In this "Just the Facts, Ma'am" edition of This Week in Futures Options, Mark Longo breaks down a bifurcated week at the CME Group. With volatility creeping back into the equities and geopolitical tensions lighting a fire under energy, we examine the massive shifts in skew and volume across the complex.

On the Docket for Episode 494:

• Movers & Shakers: Why silver and soybeans are heading to the "Dark Side" while RBOB and KC Wheat lead the "Light Side."

• Equities: High-volume 0DTE action in the S&P 500 and a rotation check in the Russell 2000 (IWM).

• Agricultural Spotlight: A deep dive into the massive vol explosion in KC Wheat and the unusual wing-buying in Soybean Oil.

• Energy: WTI Crude vol is threatening triple digits. We analyze the 110/120 call spreads and the crumbling put skew as traders brace for more upside.

Is it time to give the markets the "Big Adios"? Host Mark Longo and guest Dan Gramza of Gramza Capital Management break down an explosive week in the futures options markets. From relief rallies in equities to the curious behavior of the "safe haven" play in gold, we're dissecting the top movers and the most aggressive options paper hitting the tape.

• Movers & Shakers: A heavy bias toward the light side this week. We analyze the 8% surge in Hard Red Wheat and the massive 4.7% climb in the NASDAQ 100.

• Equities Spotlight: S&P 500 (ES) is hitting new all-time highs. Is this the "mother of all relief rallies," or are new sellers preparing a trend change? Plus, a look at the heavy 0DTE action around the 7100 level.

• Metals (Copper & Gold): Dan explains why he's skeptical of the copper rally and shares a "Big Adios" level for the red metal. We also explore the broken traditional playbook for gold during Middle East conflicts and its relationship with the 10-year yield.

• Energy (WTI Crude Oil): Crude is vacillating near the $91 mark. We break down the June par calls, the $65 puts, and why the "hopium" regarding Middle East de-escalation is driving the current term structure.

Check out the Movers & Shakers report and more at CMEGroup.com/TWIFO .