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Option Block 579: XLF Call Love and AAPL Box Spreads

Trading Block: Stocks rise as NASDAQ joins Dow, S&P and notch new record highs. Understanding the minutiae of VIX. The Tao of Don: Sell or sell not. There is no buy.

Odd Block: Calls trade in CBOE Holding Inc (CBOE), Massive calls trade in Financial Select SPDR (XLF), Calls trade in Bank of America Corp (BAC).

Strategy Block: Uncle Tosaw discusses trading collars in Apple

Mail Block/Options#QuestionOfTheWeek:

#CrudeOil has been volatile lately. $OIV, aka Oil $VIX, is 37.33. Where will #Crude #Volatility close on Friday?

Between 37 - 38.5

Between 38.5 - 40

Below 37

Above 40

Around the…

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