The Option Block 1506: AI Bloodletting and the Ghost of Rodney Dangerfield

AI stocks take a beating, energy rallies and the S&P 500's sideways grind has Uncle Mike channeling Rodney Dangerfield's Caddyshack stockbroker routine.

On this episode of The Option Block, Henry Schwartz of Cboe and Mike Tosaw of St. Charles Wealth Management join us to break down the technology selloff, options activity in Nvidia, Oracle, Micron and Tesla, and the strength in Apple and Palantir. They also examine VIX and VVIX, September options volume trends, and the growing role of ETF, index and FLEX options.

In the Odd Block, Henry investigates aggressive put buying in EquipmentShare (EQPT), an unusual customer-to-customer call cross in Erasca (ERAS), and complex call rolls in Hut 8 (HUT). Uncle Mike explains how diversification and covered calls are helping his portfolio navigate sharp differences between sectors and individual stocks.

Plus, the panel discusses Treasury yields, oil, geopolitical headline risk and SPX options positioning around the midterm elections—and why volatile markets demand discipline with trade sizing.