Trading Block: Stocks sharply lower: Dow drops about 150 points. Who can slow down the Amazon juggernaut?

Odd Block: Calls trade in Cheasepeake Energy (CHK), puts trade in Fiat Chrysler Auto NV (FCAU) and puts trade in Ford Motor Co (F).

Mail Block: #QuestionOfTheWeek

$VIX hit a high of 28 last year. How high will $VIX get in 2017?

• About the same (27-29)
• Slightly Lower (24-26)
• Slightly Higher (30 - 33)
• Much Higher (Above 33)

Listner questions and comments:

• Question from Ian Wagner: Overheard at #STACMWM retail #options panel: "Customers are market-takers. They do not deserve to trade on our bid." This would seem to be a pretty profound statement. Can you discuss on #OptionBlock?
• Comment from Max: Who can stop Amazon? Well Trump surely can.
• Question from RealRX: Hey fellas! Heavy call buying OTM in Bank of America. In particular the Jan 25.5 call expiring on the 20th, and other bank stocks. Looks like protection again massive short sales since smart money usually buys iTM (could be wrong). Do you guys see this as a sign of bearish sentiment on financials with the dollar weakness, multiple rate hikes priced in, etc? Smells funny to me.
• Comment from The Real Justin: I am think gold will continue to run up to inauguration.

Around the Block/This Week in the Market:

• Jan 13: PPI, Retail Sales, Consumer Sentiment

Earnings Highlights this Week

• Thursday - Delta Airlines
• Friday - Bank of America, JP Morgan, Wells Fargo, PNC, Blackrock