Trading Block: New all-time highs across most major indices. Oil rallies yet again; up 1.5%. VIX cash still below the 12-handle. Earnings Tuesday: BMO. Stock $137. ATM straddle approx. $4/3%.

Odd Block: Vertical put buying in Polaris Industries Inc. (PII), vertical call buying in Energy Transfer Partners LP (ETP), buying calls in Akamai Technologies Inc. (AKAM)

Mail Block/Options Question of the Week: What is your preferred way to trade crude oil? #QOTW

1. WTI Options/Futures
2. USO Options/ETF
3. XLE Options/ETF
4. Brent Options/Futures

• Question from Joe736: Do you think VRX will selloff a buck to open tomorrow?

Around the Block: This Week in the Market

• Aug 15: Treasury International
• Aug 16: CPI, Housing Starts, Industrial Production
• Aug 17: Fed Minutes
• Aug 18: Jobless Claims