Trading Block: Options Civil War: Which side are you on? Earnings today before the bell: Tyson Foods, Liberty Media Group, Sothebys. Traders on edge as Staples-Office Depot deal decision looms. Are markets more sensitive to the Fed these days? Stocks to watch: LendingClub, Krispy Kreme, Freeport-McMoRan, Valeant.

Odd Block: Call roll in American Capital LTD (ACAS), buying time call stupid in Nokia Corp (NOK), and put spread buyers in JPMorgan Alerian MLP Index (AMJ).

Strategy Block: Tosaw discusses long-dated covered call writing

Mail Block: Which Team are you on?

• 29% - Team Cap
• 71% - Team Iron Man

Listener questions:

• Question from 777 - Have you heard any rumors that CME or CBOE will be acquired by a bank or insurance company?
• Question from SkyTrader - If I see a trend, what spread works best for capturing that spread - straight vertical or calendar?

Around the Block: This week the big retailers take the earnings stage, and names include:

• Tuesday - Electronic Arts, Walt Disney Company, Dean Foods, Credit Suisse, Allergan
• Wednesday - Macy's, Wendy's
• Thursday - Kohls (before bell), Nordstrom (after bell), Shake Shack
• Friday - JC Penney, Honda