The Option Block 491: Release the Shaz!!!

On this episode of The Option Block, host Mark Longo is joined by Mike Tosaw of St. Charles Wealth Management and Henry "The Flowmaster" Schwartz from Cboe for another deep dive into the latest action across the options market. The markets are pushing toward fresh highs while volatility continues to retreat, but is everything really as calm as it seems? The crew examines VIX slipping below 15, persistent strength in VVIX, the explosion in options volume, and how the growing supply of volatility from yield products and defined-outcome ETFs may be changing market dynamics. Then it's time to release the SHAZ! The Odd Block uncovers unusual options activity in Sharon AI Holdings (SHAZ), a wildly volatile name with some intriguing bullish call spread activity. The crew also investigates notable options trades in On Holding (ONON) and MGM Resorts (MGM). Plus, we break down the latest options activity in NVIDIA, Tesla, SpaceX, Micron, Intel, Apple, Amazon and more; examine what the latest earnings data is really telling us; and discuss what traders should be watching as markets hover near all-time highs with volatility near the lows. In this episode: VIX falls below 15 as stocks push toward record territory Why VVIX may be sending a different signal How structured products and volatility supply could be affecting the market The latest SPX, SPY, QQQ and IWM options activity NVIDIA, Tesla and SpaceX lead the single-stock options leaderboard SHAZ unleashes some truly unusual options activity Bullish call spreads surface in SHAZ A potentially significant put sale in ONON Bullish options activity in MGM What the latest earnings data says about the broader earnings season Rates, bonds, geopolitical risk and what to watch next