* 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.

* Trading Block: Da Bears!, Flirting, finance style–Dow near 12,000, S&P 500 close to 1300; Tech, Tech, Tech; JCP, RSH, SLV, GLD. * Odd Block: Bulls snapping EK; VMW–large bear put spread into earnings; CNO–seriously sizable combo. * Spread Block: OI Newsletter readers choose OX as broker of the year; OX rings bell at Nasdaq & CBOE; a virtual tour of CBOE's trading floor. * Strategy Block: Back to basics–how to buy a call. * Around the Block: Economic indicators–FOMC & GDP; NFLX earnings on Wednesday; RDN revisited and unleashed; Fifty cent on penny stocks.

*Trading Block:* AAPL sauce, AAPL juice, AAPL pie: Steve Jobs, earnings, risk management, and drinking the Kool-Aid. Also, Citi disappoints the Street, but financials look strong. *Odd Block*: CY: over 4x regular volume on a new 52-week high, but is the party over? EBAY, continuing bearish sentiment as one bear buys 15,000 July 26 puts & earnings out on Wednesday. RDW, printing volume in the Jan 9's & 10's. *Spread Block*: AAPL, selling premium into earnings. Citi traders liking $5 calls. Silver pops. OX testing a new version of Xtend, and it's easy on the eyes. *Around the Block*: AAPL earnings out as the panel speaks, gains erase all the morning's overreactions. Goldman earnings Wednesday before the market opens. On the 20th, AMD, IBM, and Southwest. Housing starts driving market? Expiration week. SPX watch…is it hitting resistance? Is gold topping out.

* TRADING BLOCK: Sin trading; Brian Bosworth is a genius, live INTC earnings analysis, Mark Longo's INTC trading tales. * ODD BLOCK: MRVL vertical call spread, Size call roll in YRCW, IPG continues to intrigue, bears finally emerge in RDN, Insider loading up on puts in PPL? * XPRESS BLOCK: OX customers love NFLX and are confused by the VIX. * AROUND THE BLOCK: Is volatility an asset class, The outlook for the CBOE's new volatility products on individual equities.

TRADING BLOCK: Has gold hit its peak? Mining for coal (KOL). ODD BLOCK: AMD suddenly loses its leader. NVDA and CSCO declare a truce. RDN off to the races (again). Does the IPG love know no bounds? XPRESS BLOCK: Looking to feel special? OX has what you need. AROUND THE BLOCK: The panel declares NVIDA the big winner at CES. Plus, is it a good time to own Citi?

TRADING BLOCK: AAPL traders repositioning beyond Jan after CES disappointments, Commodity selloff continues as traders take their profits and run. * ODD BLOCK: Options Activity Explosion in TWX and KBE. RDN still fascinates the all-star panel. One large bull lurks in IPG. * INTERVIEW BLOCK: Steve Meisinger, ISE's Director of Education, joins the panel to discuss options education, portfolio management and FX Options. * XPRESS BLOCK: OX switching away from Jan to Feb in AAPL. OX customers also interested in commodity backspreads. New Xtend version about to exit beta soon. * AROUND THE BLOCK – The panel is still watching apple vo; Is it time to short CSCO feb 20 puts; Metals traders are watching PPI next week.

* TRADING BLOCK: Russell 2000 is a dangerous place for premium sellers; Metals apocalypse; Digging into AAPL volatility. * ODD BLOCK: Strange activity in GNK; RDN Roundup – Is rdn poised for a rally? Option bulls seem to think so. Also, the stupid way to do dividend trades. * STRATEGY BLOCK: Combos and Ratio Combos – what they are and when to use them. * AROUND THE BLOCK – Tech stock movements ahead of CES; Keep an eye on the commodities.

* TRADING BLOCK: China stalls market by hiking interests rates, When will we take our medicine in this market, Has CSCO finally turned the corner? Is it time to buy? Can the FLIP save CSCO? * ODD BLOCK: INSIDERS AND ANGRY BEARS Tear Into TSLA, BULLS ARE FINALLY BACK IN VISA, DESPITE NOREASTER, BULLS MOVE INTO MACY'S CALLS. * INTERVIEW BLOCK: PHIL GUZIG FROM MORNINGSTAR DISCUSSES HIS TWO OPTIONS PORTFOLIOS – PAY ME NOW AND PAY ME LATER. * AROUND THE BLOCK -VIX – up or down in 2011, tech traders pay attention to CES.

*TRADING BLOCK* korean shooting war – what happens to the VIX, Adjusting commodity collars for a shooting war, Visa fears hitting amex *ODD BLOCK* DRI earnings drive volume, WRG size FEB put spread, GMXR size May put seller, RDN and DG update. *STRATEGY BLOCK* – Interest rate replacement collar. *AROUND THE BLOCK* – AAPL-NFLX vol debate continues – time to buy – how best to approach apple – long staddle/strangle/vertical call spread? Play earnings month or the month prior to earnings? JAN/FEB Time Spread?

INTERVIEW BLOCK: Jim Bittman, the lead instructor at the Options Institute, discusses options education and what is on the horizon for the Options Institute. TRADING BLOCK: RIMM surprises, Fedex leads market higher with positive guidance, Gold and Silver poised to retreat for rest of the year. ODD BLOCK: Bulls moving into NASDAQ, Takeover spec driving calls in MON, Idiots still short DG 30 Puts, RDN still active. XPRESS/SPREAD BLOCK: How do ETF dividends work? A life lesson in VISA downside puts? AROUND THE BLOCK: Apple volatility trending toward record lows. Time to buy Apple premium?Special Option Block Listener Promo: Be sure to visit Option Pit and use the Coupon Code: OI2011 to receive $100 off their latest mentoring package.