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Trading Block: BATS debacle: All IPO trades busted as a matching engine encountered a software bug. The range of symbols, of course, included Apple. If you are executed on a limit order what do you do after your trade is busted? It's analogous to pin risk. CBOE suing ISE over 10x SPY contracts — the no-brainer news of the week. The crushing of TVIX continues — it is bound to reverse split. Odd Block: Unusual activity in Red Hat, Inc. (RHT). Xpress Block: After the dust settled on customer fallout from BATS/APPL debacle and recent TVIX drama, Lions Gate Films (LGF) saw an increase in options contracts in front of the new movie release "The Hunger Games."Around the Block: Keeping an eye on crude oil, if and/or when gas hit $5/gallon is when we'll see things grind to a halt. Corporate earning in a few weeks. Looking for something to push to market before the summer doldrums.

Volatility Review: Slaughter of the VIX April future, with May poised for the same. Credit Suisse released more creation units and TVIX crushed long positions – going from 13 to 6.5 in a week. Euro vol review — March 1- and 3-month contracts expired last week. NASDAQ vol update.Volatility Viewpoint: Mark, Bob, and Mark have the great pleasure to discuss volatility with the Godfather: Anthony Neuberger, Professor of Finance at Warwick Business School. The gang discusses his seminal paper, "The Log Contract and Other Power Contracts." They also discuss tail risk and skew risk. Mark asks Prof. Neuberger if the market is correctly pricing in tail risk.Crystal Ball: Sebastian sees VIX staying between 14 and 16, with a lot of erosion in VXX. Watch out for contango. Euro vol is a coin flip right now. NASDAQ vol might be too expensive right now because of Apple.

Trading Block: The market felt the weight of manufacturing issues in Germany, France and, most importantly, China. Chinese manufacturing shrank for the fifth straight month. Dollar General earnings before the bell today — a Tosaw favorite. Also, the TVIX train wreck continues. Odd Block: Unusual activity in LULU again! Lululemon Athletica, Inc. (LULU).Xpress Block: Tim Navabi holds down the OX seat in today’s show and discusses TVIX and the recent increase of customer concerns/questions.Strategy Block: Mike Tosaw talk Apple: collars, covered calls, and other trade strategies.Around the Block: Expecting moves in GLD, bonds and oil. Where can USO go given political issues in Iran? Upcoming economic calendar: Earnings – RIMM & COSI 3/29.

Trading Block: VIX on the rebound – the weekend coming back into the VIX, but the futures themselves were down today. A rundown from RMC. A rundown from FIA Boca.OddBlock: Friday review: Lululemon Athletica, Inc. (LU), an activity review from Feb. 27: United Technologies Corp. (UTX)Xpress Block: Holding down the OX desk, John Grigus discusses the increase in volume that's been seen recently. Also JP Morgan dividends, a lot of OTM calls going out to June/July. The interest rate futures got pummeled.Around the Block: Economic Calendar: This week starts with and ends with housing. DG on 3/22

Trading Block: A lot of excitement on the trading desk today following the largest move of the year so far. What factors contributed to this swing in to the upside? What was the rise in Vol that we show intraday? The Fed has hinted that it may start raising interest rates starting in 2014 – what effects might we see in the housing market?Xpress Block: John Grigus discusses Barron's 17th annual ranking of online brokers. OX received the 2nd highest score for customer service and education! This week starts the outbound calling for ETF dividends. Strategy Block: Mark Sebastian discusses some of the weird stuff he's being seeing the option order flow. Including the VIX and the Apple "bubble". Around the Block: Keeping an eye on oil prices – the DOE/EIA comes out at 9:35am CDT tomorrow. Initial claims on Thursday, looking to see if it continues in downward trend. PPI and CPI later this week. There doesn't seem to be any reason why this current rally shouldn't continue.

Trading Block: With Greek deadline looming, will we get a vol pop or further vol implosion? CBOE is being investigated by the SEC, and its Chief Regulatory Officer put "on leave." TVIX is starting to couple back again, and volume in UVXY has helped alleviate that of TVIX. The new iPad is not exactly setting the market on fire or the hottest thing since sliced bread? Where is Apple vol in the wake of this announcement? Odd Block: Usual activity in Starbucks Corp. (SBUX), D.R. Horton, Inc. (DHI), and Carnival Corp. (CCL). Xpress Block: Tim Navabi discusses advice for working with your broker, and the process that goes into a broker override. Around the Block: Non-farms is the big event tomorrow that everyone will be watching. Keeping an eye on Greece.