# @tastyliveshow on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=AXmii-5IKiE - **Gondola URL:** https://gondola.cc/posts/65858394-tastyliveshow-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/c3e09159f1.jpg - **Posted:** 2026-05-25T17:00:06.000+00:00 - **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow ## Caption The market is at all-time highs. Bonds are near their highs. Oil is holding a war premium. Gold vol is elevated. None of these things belong in the same sentence as a stock market record, and yet here we are. Noel Smith, CIO of Convex Asset Management and former floor trader with roots tied to Virtu Financial, walks through the vol structure, the VIX futures volume spike that nobody talked about, why he is putting collars on AI and energy names instead of buying SPX puts, and whether the SpaceX IPO could be the moment this whole thing finally tops out. His bottom line: still green, still risk on, and it makes him want to barf. Helpful links: tastylive: https://www.tastylive.com/ Get Tom's pre-market analysis every morning: tastylive.com/newsletters FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 Follow tastylive on X: https://x.com/tastyliveshow CHAPTERS: 00:00 Risk On But Barely: The Market Setup Right Now 01:18 Semiconductors or Bust: Breadth Is Historically Narrow 02:23 Bonds Near Highs, Oil War Premium, Gold Vol Still Elevated 03:15 Rho: The Forgotten Greek and Why It Matters Now 04:17 Kevin Warsh Sworn In: Rate Hike Now Priced for December 2026 05:22 VIX Futures Volume Spike Last Friday: What It Signals 07:00 Collars on AI and Energy Names Instead of SPX Puts 09:00 RSP Breaks Out: Equal Weight Starting to Catch Up 10:25 SpaceX IPO as the Potential Top Tick: The Liquidity Risk 13:30 His Bottom Line: Still Green. Still Makes Him Want to Barf. #tradingtrends #stockmarket #investing #macroeconomics #volatility #spacexipo #optionstrading #stockmarketnews #vix #tastylive tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. ## Stats - **Views:** 1,502 - **Likes:** 50 - **Shares:** 0 - **Comments:** 10 ## Tags tastylive, spacexipo, optionstrading, vix, volatility, stockmarket, tradingtrends, macroeconomics, stockmarketnews, investing --- Copyright (c) Gondola