* 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.

* 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. The Option Block All-Star Panel Includes: o Mark Longo – The Options Insider o Mike Tosaw – Know Your Options Inc. o Mark Sebastian – Option Pit o John Grigus – OptionsXpress * 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. * Dial 866-903-1822 to request a free custom webinar with "Uncle" Mike Tosaw from Know Your Options Inc. Custom webinars can designed around the options topic of your choice. Space is limited, so call soon to reserve your webinar.