Is the energy market preparing for a $20 crude oil "washout"? In this episode, we tackle the geopolitical chaos in Venezuela and why the energy tape isn't reacting the way the headlines suggested it would.

Join host Mark Longo along with Dan Gramza (Gramza Capital Management) and Carley Garner (DeCarley Trading) for a deep dive into the energy complex. We break down the reality of Venezuela's deteriorating infrastructure, the "capitulation" patterns in WTI crude oil, and Dan Gramza's incredible victory in our 2025 VIX Crystal Ball contest.

• The Venezuela "Oil Spigot" Myth: Why Dan Gramza believes it will take 5–7 years to rebuild Venezuela's energy infrastructure despite the current political shift.

• Crude Oil Capitulation: Carley Garner explains why WTI crude never bottoms out quietly and why the $55 support level is the "danger zone" for a potential plunge into the $40s or $20s.

• WTI Options Analysis: Tracking the massive flow in the Feb contract—specifically the 55-strike "double puts" and the disappearance of the geopolitical call skew.

• Energy Skew & Volatility: Why the initial "tariff tantrum" and supply headlines have left the energy market in a state of neutral indecision.

HOST: Mark Longo, The Options Insider

CO-HOST: Brian Overby, Options Playbook

The hosts dive into the mid-season drama of the inaugural Options Insider Fantasy Football League. Mark defends his first-place spot after a Week 9 loss, while Brian celebrates a much-needed win to climb out of the basement. The discussion covers devastating injuries, questionable draft strategies, surprise player finds, and what the future holds for the league.

Key Highlights:

• Rivalry & Standings: Mark falls to 6-3 and is now tied for first. Brian secures a tight win (176.0 to 172.6) to move to 3-6.

• The Injury Crisis: A brutal season for injuries affecting top players, highlighting the importance of deep benches and constant management.

• Running Back Woes: Discussing the high-risk nature of early-round RBs (e.g., Saquon Barkley) and the bleak running back options on the current waiver wire (e.g., Devin Singletary).

• Surprise Sleeper Finds: Highlighting successful mid-season pickups like Khyani Vidal and Rico Dowdle that have been saving struggling teams.

• Waiver & Draft Strategy: Reviewing the ideal league size (consensus is 12) and the pros and cons of using unconventional draft strategies.

• Future League Format: Discussing the possibility of expanding the league next year and the appeal of the high-stakes Guillotine League format (where the lowest scorer is eliminated weekly).

• Favorite Players: Brian names Amari Cooper and the ever-reliable Josh Jacobs as his favorite players this season.