Trading Block: Alibaba - Shares of Alibaba Group Holding Ltd. (BABA -4.05%) have tumbled recently amid an array of problems. U.S. stocks decline amid focus on Fed rate decision this week. Traders are preparing for massive Fed-driven volatility. The SPDR S&P 500 (NYSE:SPY) put-call ratio dropped hard to well below its 20 DMA on Friday.

Odd Block: Calls trade in Anheuser Busch Inbev SA (BUD), puts trade in Chesapeake Energy Corp. (CHK), and calls trade in EMC Corp (EMC).

Mail Block: Listener questions and comments

• Question from Mark Brant - I guess if you place the long side first then your margin will be lower for the short side so maybe the long side is hard?
• Question from Joe Joe - What happens when I sell a call? Does that money hit my account right away, or do I have to wait until I close the position?

Around the Block: Fed Meeting this Wednesday and Thursday.