Trading Block: Green on the screen for the NASDAQ. Looking ahead to AAPL earnings. CNBC's Mr. Wonderful is loving AAPL right now. OCC cleared contract volume down 6% year over year.

Odd Block: Review of MGM time stupid from last week, puts trade in NBR, calls trade in CBI, and put buyers in NBL.

Mail Block/Options Question of the Week:

#Earnings #PopQuiz - $AAPL $146.50, #Weekly strad. $5 (3.5%). IV30 = 21%, Weekly 155 Call= $.27, 138 Put = $.27 Would you rather?

• Buy Straddle/Iron Fly
• Sell Straddle/Iron Fly
• Buy Call
• Buy Put

Listener questions and comments:

• Question from Ron: I hear you mention the term stupid, "That's a put stupid," or "That's a call stupid." Is that strategy or an term of endearment? Thanks Ron
• Question from Let's make best: Which broker is the best for option trading?
• Question from Sharkcake: I've been approved to trade options by my Brokerage but I have yet to execute my first trade. What trade do you recommend?

Around the Block/This Week in the Market

• May 1: Personal Income
• May 1: Construction Spending
• May 3: FOMC Meeting
• May 4: Jobless Claims
• May 4: International Trade
• May 4: Factory Orders
• May 5: Unemployment

Earnings this week: Quarterly earnings continue to roll with one of the biggest names of the season set to announce Tuesday after the close. Technology giant Apple Inc. is set to release their latest numbers and the way they are perceived could push the stock to new highs like last release. In addition, there are other big names announcing as well including Tesla Motors and Pfizer.