Option Block 243: The Viceroy Trade

Trading Block: Another unchanged day. Netflix up due in part to the return of Arrested Development. Take Two earnings after the bell. Zynga gets a big pop in the day. First live day of jumbo SPX on Friday.  ISE lost its Supreme Court lawsuit and refuses to list contract. Ironic?

Odd Block: Calls trade in Zynga, Inc. (ZNGA), puts trade in VIX short-term Futures ETN (VXX), and puts trade in Solarcity Corp (SCTY).

Xpress Block: Alex Jacobson discusses his thoughts on the big OX event this weekend.

Strategy Block: Mike Tosaw dispenses yet another legendary rant of the topic of annuities. He also talks about the ratio spread.

Around the Block: Cisco earnings on 5/15, Cosi on 5/16 post 4/1 reverse stock split.