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In this episode, Mark Longo and Dan Gramza dive deep into the massive dislocations hitting the futures and options markets as Middle East tensions escalate. While WTI remains surprisingly range-bound, the Brent spread has widened to levels not seen in over a decade. Why isn't gold acting as a safe haven, and what is the "put bomb" currently dropping in the S&P 500?

In this episode, we cover:

Movers & Shakers: Heating Oil and Lumber lead the bulls, while Silver and Platinum take a massive hit.
Energy: The 11-year high in the Brent/WTI spread, the impact of the Strait of Hormuz, and a look at the massive 1x3 vertical calls in Brent.
Equities: Why the S&P 500 remains "orderly" despite the volatility, and a look at the heavy 6500 put activity.
Metals: The missing "flight to quality"—why Gold is selling off during a geopolitical crisis and what the 35+ vol means for traders.
Nat Gas: Assessing the damage to global LNG facilities and the neutral zone between $2.90 and $3.30.