Trading Block: Midday selloff continues following post-weekend/selloff vol pop. EU summit concerns with Spain requesting EU aid for their banks, and Cyprus requesting an EU bailout. Last week most active ever for VIX futures. New home sales hit a two-year high last month – 369,000 new homes vs, 346,000 expected. Oil continues to fall, right into the teeth of summer driving season. Everyone waiting on Supreme Court healthcare vote. Odd Block: Unusual and interesting activity in Men's Warehouse (MW) and Motorola Solutions (MSI). Xpress Block: John Grigus sits down and discusses the news that Amex will be bringing back their binary options. Higher corn and grain prices due to a lack of rain in the midwest. Listener Mail: Email from George KAround the Block: Keeping an eye on the Supreme Court healthcare vote and the EU meeting later this week.

Trading Block: A bit of a blood bath today after Goldman recommended shorting the S&P. A lack of VIX movement compared to a big 30-handle selloff. Moody's to downgrade up to 15 banks after the close just piled on the bad news for today.Odd Block: Interesting and unusual activity in Idenix Pharmaceuticals, Inc.(IDIX).Xpress Block: Returning panelist Alex Jacobson takes the OX hot seat and discusses the "non-reaction" to today's down market. Strategy Block: Uncle Mike Tosaw discusses contract selection and how it important it is have the correct contracts. Around the Block: Maybe the weekend effect will play with the VIX and we may see the beginning of a rally. Short the VIX, long SPX. Keeping an eye on the Ford Dec 11's and bond yields.

The Options Insider's coverage of the 2012 OIC Conference continues with "Advanced Cyber Threats & Countermeasures"

John Hague of McGladrey & Pullen LLP, discusses "Regulatory, Auditing and Accounting Changes That Affect the Financial Services Industry – A Practical Discussion"

Presentation of the 2012 Joseph W. Sullivan Award to CBOE's Edward J. Joyce

Charlie Cook of The Cook Political Report, delivers the first keynote address at the 2012 OIC Conference

Basic Training: Today we're going to dive into complex spreads. What are complex spreads? We're usually talking multi-leg spreads. Calendars are when you buy and sell a call/put at the same strike price, but in a different month. Diagonals, a combination of a vertical and horizontal spread, can be a proxy to a covered call. The concept of the ratio, 1-to-1 on a simple spread, but you can play with the ratio. A stock repair strategy using diagonals, ratio risk reversals and collars.Roll Call: Mark and Dan sit down with Craig Pinkston, Senior Director of Operations at Zecco.Mail Call: Does the Theta decay occur just at open/close or is it a gradual decay throughout the day?

Trading Block: Greek pro-bailout ruling was not exactly the boon the markets expected. Spanish load concerns still weighing on the market. Almost like a post-earnings throughout the market with vol coming in across the board. NAHB housing index of homebuilder sentiment highest in five years, but still below 50. The Supreme Court may rule whether Congress has the power to require people to buy health insurance. According to the bets, there’s a 68 percent probability that the law’s individual mandate will be ruled unconstitutional in 2012. Facebook reversed the trend of past week and finally closed upsize. Microsoft's secret Window 8 tablet – the new iPad killer? Odd Block: Interesting and unusual activity in Harman International Industries (HAR), Molina Healthcare Inc. (MOH), and W.R Grace (GRA).Listener Question: The dying breed of floor traders.Around the Block: With Greece in the rear view window, and Facebook rallying, we're watching S&P and gold. The VIX may be headed to 17 or lower.