Markets roared back to start the week as earnings optimism, cooling oil prices, and renewed geopolitical hopes sent stocks sharply higher while volatility took another hit.

On this episode of The Option Block, Mark Longo is joined by Uncle Mike Tosaw and Andrew "The Rock Lobster" Giovinazzi to break down the biggest stories shaping the options market.

This episode includes:

A rally fueled by Microsoft, Amazon, Alphabet and the broader AI trade
Is the "Lag Seven" becoming the "Mag Seven" again?
Why VIX plunged back into the 15-handle
What traders should watch ahead of SpaceX's first earnings report
The latest unusual options activity in Hartford Financial (HIG)
Speculative call buying returns to Virgin Galactic (SPCE)
Strategy Block: Momentum trading versus buying the dip—which style fits you?
Around the Block: SpaceX earnings, AI spending, rates and what could drive markets next

Plus, the panel debates AI capital spending, volatility, market leadership, and whether investors are simply "putting lipstick on SPCE pigs."