* TRADING BLOCK: CSCO DOWN OFF EARNINGS, WHAT TO WITH WITH YOUR SHORT FEB 20 CSCO PUTS,MARCH 18-20 CSCO RISK REVERSAL IS SUPERIOR TO NAKED LONG CALLS OR SHORT PUTS,LEGGING FROM A RISK REVERSAL INTO A BULLISH VERTICAL CALL SPREAD. * THE BIG APPLE BLOCK: HOW ARE RETAIL CUSTOMERS LOOKING AT APPLE & APPLE OPTIONS THESE DAYS; MANAGING APPLE STRADDLES; APPLE OPTIONS PRICING OUT RETAIL CLIENTS; ARE APPLE'S BEST DAY'S BEHIND IT; APPLE'S DOMINANCE OF THE SUPPLY CHAIN; DOES APPLE HAVE A DEEP BENCH TO REPLACE JOBS; NH LEGISLATURE LOOKING TO REPLACE ALL GOVERNMENTAL PAPER USE WITH IPADS – THE START OF A NEW TREND FOR APPLE WITH FEDERAL CONTRACTS? * ODD BLOCK: VERY SUSPICIOUS CALL ACTIVITY IN THC * XPRESS BLOCK: OX CUSTOMER PLAYING HEAVILY IN COMMODITY ETS AND FUTURES; OX CUSTOMERS HOPING BOND MARKET HAS FOUND A BOTTOM; OX CUSTOMERS HAVE NO CONSENSUS ON THE BROAD MARKET RIGHT NOW…STRATEGIES ARE MIXED BETWEEN LONG AND SHORT; STEVE JOBS = BORIS YELSTIN? * AROUND THE BLOCK: EXCHANGE TANGO; CBOE RIPE FOR A TAKEOVER?; WILL CME PULL THE TRIGGER?; CBOE/CME COMBO WOULD BE A POSITIVE DEVELOPMENT FOR FUTURES/OPTIONS PORTFOLIO MARGINING; ISE, NYSE ARCA AND AMEX OPTIONS EXCHANGES ALL UNDER ONE ROOF? WHICH EXCHANGE IS THE ODD MAN OUT?; CMG EARNINGS EXPLOSION; WILL ICE JUMP INTO THE FRAY AGAIN?

* Trading Block: VIX vs. VXX; Financialls rally; AOL + HuffPo; Oil on the move; AAPL upgrade + low vol = ?? * Odd Block: BAX Aug 55 Calls sell 25k times; Rollin' shorts: BPOP 10x normal volume * Xpress / Spread Block: Commodities on the move: Cotton, lean hogs, oats, wheat natural gas, rough rice, cattle; Top in natural gas? Most traded stocks at OX: SPY, AAPL, SPX, QQQQ, F, FFIV, BAC, GE. * Strategy Block: Incorporated weeklys into strategies: ratio spread, vertical spread, horizontal spread * Around the Block: Jobless claims; Earnings watch: Cisco, Activision, Chipotle

Trading Block:Commodities moving; Ford vs GM vs Tesla – which straddle are you buying?; SPX Downside skew starting to soften; the importance of staying cool ** Odd Block: Bulls love Tyson chicken; Massive vertical call spread in YHOO; Bullish bets or rolling down an established long position?; ERTS call sellers go off a cliff ** Xpress Block: Important lessosn for beginning futures traders; Watch your stops on LIFFE – they may vanish before your eyes; Explaining price improvement auctions; The unintended consequences of flash regulation in the options market. ** Around the Block: Non-farm payroll; CMG off to the races – earnings coming up; CSCO earnings on the horizon; Short downside puts in Tesla?? Look for support at 20; Where is the best entry point in Goldman Sachs?; ATVI earnings coming up – will it be another explosion like ERTS?

**Trading Block: Egyptian ripple effect; crude oil hits $100, GLD closes down; A tale of two VIX. **Odd Block: MAT sees 5k Feb 24 straddles trade at 1.50; Bears eat up EXM; CVLT doubles open interest. **Xpress Block: Crude oil futures vs. ETFs; Avoiding VXX; Xpresso authors webinar coming in Feb. **Strategy Block: Coming down from butterfly mountain. **Around the Block: Crude inventories, non-farm payrolls, and housing data; All eyes on Egypt.

* Trading Block: NFLX Options Frenzy; Commodity Retracement; AMZN & MSFT Earnings Previews. * Odd Block: EK Review – those bulls were terribly wrong; Bears devouring GNK OTM puts; Bullish risk reversal in MJN, Size bulls playing in LOW, Massive put sale in ITG. * Spread Block: Xpresso futures recommendations, OX customer activity in NFLX & F. * Around the Block: VIX futures no longer pricing in a substantial premium beyond Feb?; F earnings on the horizon.