The Options Insider Radio Network The Futures Rundown 69: Crude Is In The Driver's Seat
Mar 19, 2026
Jermal Chandler, Head of Options Strategy at tastytrade and daily market commentator. He explains why crude oil is acting like the market’s volatility gauge. They cover energy surges across WTI, Brent, RBOB and heating oil. Conversations also touch on Fed Day moves, rising 10-year yields, surprising silver weakness, and geopolitical strain around the Strait of Hormuz.
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Crude Is The Current Market VIX
- Crude oil has become the market's current volatility barometer, acting like a VIX for other assets.
- Jermal Chandler says traders are watching WTI/Brent daily as crude's moves now drive equities, commodities, and ETF flows.
Monitor All Energy Instruments When Crude Rises
- Pay attention to energy products across instruments (WTI, Brent, RBOB, Heating Oil, ETFs, options) when crude breaks higher.
- Mark Longo points to WTI/Brent/RBOB/Heating Oil rallies and suggests monitoring related ETFs and options plays.
Oil Shock Spillover Into Chemicals And Fertilizer Stocks
- Oil price moves are cascading into related equities like chemical and fertilizer names tied to shipping through the Strait of Hormuz.
- Jermal links fertilizer flows and chemical stocks to crude-driven supply concerns from the Strait of Hormuz disruptions.