Trading Block: A bit of a market turnaround, but mainly a relatively mild day. What a strange place VIX and volatility are in general right now. Priceline (PCLN) earnings today after the close, trading over $500. The frenzy began Friday as Groupon went public — when will the options go live? A quick Metals/commodity rundown. Odd Block: Unusual activity in: McMoRan Exploration Co. (MMR), Knight Capital Group (KCG) and Career Education Corp. (CECO)Xpress Block: John Grigus discusses the details of the MF Global account, which has brought about stress at OX fielding questions. Around the Block: Earnings! Disney 11/10 – General Motors 11/9 – Cisco 11/9. Also, jobless claims 11/10.

Trading Block: Greece! The other European countries have finally said enough is enough – they may survive without Greece, but Greece can't survive without them. It looks like the VIX was hedging its own bets, there was a giant relief sell-off like was last week. XLE up over 2% on the day. There's definitely been a lot of movement in energy today, when it feels like things are getting better, people flock towards energy – a good time to be a bull. Gold closed at the highest it's been in a while, gold and silver are starting to claw their way back after a recent pull-back in the Metal world. In the land of collars – the premiums in the weekly have been high enough, especially in GLD, to justify using some of the near term options. Strategy Block: Today feature of the strategy block will be a dual session, split by Andrew Giovinazzi and Mike Tosaw. Andrew starts by enlighten us on the uses of the front spread. What is a 1×2? How do you pick a front spread? With his turn, Tosaw discusses the back spread, including topics on modified stock repair strategies and hedging a front spread with a back spread. Around the Block: Back spreads – with the financials prone there are some opportunities because the volatility is at a point where it's cheap enough since they're moving so much. Keep an eye on Greece – Will they oust their prime minister? Greece is the word!

Trading Block: Bonds rallied, volatility exploded. MF Global news, combined with inflation and the Japanese efforts to intervene in their currency, provided for a big up day in the dollar. Given the lack of volume, the market had a strong sell-off today. Here in Chicago the Merc and the Board had to come down and say no trading. Gold and silver, they've been down a bit and out of the news spotlight, but could there be another run on it give the lows here?Odd Block: Unusual activity in Chesapeake Energy (CHK), The Materials Sector (XLB), and Herbalife (HLF).Strategy Block: Host Mark Sebastian gives a special strategy block, "Turn off the Idiot-Box". If you're an active trading, turn off what CNBC thinks the market may do and watch the market the see what it actually does and you are bound to have better success.Around the Block: Looking for some follow through on last Thursday's big volume move or any stocks that hit new highs and were able to hold on to those highs. A lot of earnings and employment data come out this week, so you may be on the edge of your seat. Tomorrow may be a big day, as people try not to miss another big up-turn. But overall the tone will be set by the international markets.

Trading Block: The market is off to the races…again. Strong rallies across the board. VIX cash finally makes its way down into the sub-30 range, welcome news for those who have been leaning to the downside in VIX. European leaders expand bailout fund – 50% write-down on Greek debt. Is the European debacle behind us? Strong economic data — the economy grew at 2.5%, consumers strongest since Q4 2010. Also, a strong earnings season so far — more than half of the companies in the S&P 500 have released quarterly results since Oct. 11, and about three- quarters have beaten the average analyst estimate.Odd Block: Unusual activity in: Avon Products, Inc. (AVP), MGIC Investment Corp. (MTG), and HL ? Hecla Mining Co. Xpress Block: Tim Navabi runs down the recent activity at OX. Buy, buy, buy! Traders are getting long as sellers are exhausted and saying goodbye to the puts holders. Using a LEAP as a covered call swap out – the LEAP vs. the short term call. What happens to that LEAP if your front month option expires or is about to expire and the option is in the money? Around the Block: An update that the Baidu (BIDU) earnings just came out and in the afterhours is trading, hovering around $1.50. Netflix trading in the 80 handle, creating widows left and right. Amazon down as well, closed today at about $2.07, was trading as high as $2.40 before earnings. MF Global hitting the 4 handle, a lot of activity in the Nov 01 puts – not a good sign.

Trading Block: A brand new Options Insider website! Are there any legs to the rally? Where was VIX during this rally? Netflix, the window maker, released earnings after the bell.Odd Block: Unusual activity in: Bank of America – (BAC) & H.J. Heinz Co. – (HNZ) Xpress Block John Grigus from OX discusses his interesting first two calls of the day – customers ask "Why was I assigned on OTM options? Why was I not assigned on ITM options?" A review of the first few weeks of trading in SPXpm.Around the Block An update on Netflix, will it bounce? Amazon earnings out 10/25, after the bell – is it wise to have underlying going into the earnings?

Option Block 99: Selling MSFT PremiumTrading Block: A rare fairly uneventful day. Chipotle Mexican Grill with earnings after the bell – Is CMG the other Apple? Microsoft after the close – a whopping non-event. Odd Block: Unusual activity in: Microsoft (MSFT) & BP PLC ? (BP)Xpress Block: News on the OX app for iPhone and soon to be released app for iPad. When might listeners of the Options Insider be able to stream and download this show through the OX app? Around the Block: Amazon next Tuesday – A counter-pole to Apple right now, given their rival content ecosystem. General Nutrition Corporation with earnings tomorrow, GNC has been making some interesting volume spikes recently. Ford earnings next Wednesday – how to prep for this.

The Option Block all star crew took the show on the road and taped this episode in front of an enthusiastic audience at the FIA Chicago Expo.

Trading Block: VIX finally gets to the mid-30s! The bar for has been raised. Apple without Jobs – down 0.5%. What effect could Jobs have on Apple stock post-mortem, or is this a turning point for Apple?Odd Block: Unusual activity in Mortgage insurer MBIA Inc. (MBI); Children's Place Retail Stores, Inc. – (PLCE)Xpress Block: Tim Navabi grabs the reins and discusses what was trading today at OX, as well as a rundown of some of the commodity movers. CBOE also recently unveiled SPXpm — has it been successful?Around The Block: Nonfarms: October 7 Gold and Silver are both consolidating, something to definitely check out. Apple earnings: October 18. Google earnings: October 13

The all-star block discusses who will explode first: EK or AMR? Greece strikes again. Unusual activity in AMR, MDR, LVS. Coming up…SPXpm. Exercise fees, jobless claims, and whack-a-mole, bankruptcy-style.

Trading Block: The market rallied on stronger than expected GDP numbers, and a little ease on European concerns, combined for a strong up move early in the day. Thirty-year rate is 4.01% — the lowest on record. Rumors of Amazon getting into the tablet wars — stock down 3%. With Amazon in its territory, Apple moved to the downside — is it time to be bullish? The spread between VIX and VXN continues to widen. Odd Block: Unusual activity in Dollar General (DG) – size call sales going up for the past couple of months. Dreamworks Animation Skg. (DWA) – been on a downside tear over most of the last year, as high as 38 early November last year, straight down since then, trading near 18 now. Looks like someone is trying to protect some downside and decided to put on the puts and end the free fall. Strategy Block: Mike Tosaw dispenses some vintage options wisdom, discussing the concept of dollar cost averaging. Around the Block: Ford hovering at the 10 strike. Apple earnings out October 18; CBOE earnings out October 5. A lot of energy stocks are at lower levels now.

Trading Block: The relationship between VIX and VXN, how it could have helped you. Late session rally on European hopes. The Metal-pocalypse continues – where is the bottom? Sell-offs in both GLD and SLV. EK crushed to the downside…again — CDs upfront premium not at 41%! Groupon's ponzi scheme continues — restated their entire 2010 results and slashed revenue in half. Odd Block: Harry Winston Diamond Corp. (HWD); Hasbro, Inc. (HAS);Novagold Resources (NG)Xpress Block: Tim Navabi runs through the top moving stocks and commodities over at OX today. Also a little overview on the use of settled and unsettled funds. Around The Block: Jobless claims on Thursday as well as GDP. Greek debt still on the horizon. The bulk of today's rally come after the lessening of those concerns, but the outlook on that changes frequently — things could get either really good or really bad.