Super Serious 616 Presents: WHAT IF... Marvel was real
What If Marvel was Real?
Episode 123: Trading Superheroes (Strange Tales #120 - Part 2) -- April 1964
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In this episode:

Mike and Ed discuss the team-up of the Human Torch and Iceman. Is Iceman trying out for the Fantastic Four? Or is the Human Torch trying out to join the X-Men? What are the rules or expectations for changing from one superhero team to another? How are superhero teams the same (or different) from sports teams? Who has the leverage, the team owners or the players?

Strange Tales (1951) #120 | Comic Issues | Marvel

In this episode:

Johnny “the Human Torch” Storm is jealous of the attention the X-noMen are getting lately. As luck would have it, he runs into one of them, Bobby “Iceman” Drake, on a cruise. Some unfortunate criminals decide to rob the cruise ship, led by a man calling himself the Barracuda, and the Human Torch and Iceman team up to take them down.

This episode takes place:

After the Torch and Iceman take the Barracuda down.

Assumed before the next episode:

People are wondering if the Fantastic Four and the X-Men are going to team up.