Trading Block: Weekend Review: VIX Options and Futures 5/9 through 5/13. Has VIX bottomed? Yen volatility surges as Central Bank meetings loom. Hedge funds are not what they used to be.

Odd Block: Puts trade in Twitter Inc. (TWTR), puts trade in Materials Select Sector SPDR (XLB), and puts trade in CF Industries Holdings inc. (CF)

Strategy Block: Uncle Mike Tosaw discusses ratio spreads and sector investing.

Mail Block: Last week, the options question of the week was "What is your favorite options trading film?" TWTR weighed in with the following:

• 69% Trading Places
• 23% Rogue Trader
• 8% Quicksilver
• and Mark B. offered up 9 1/2 weeks because Mickey Rourke was an arbitrageur.
• Have you ever used the FCOJ scene from Trading Places to explain to people what you do?

Around the Block : Where will we see SPX, GLD, crude this week? Fed on Wednesday.