Trading Block: Who was right about volatility? What will the Fed do? Crude doubletalk from OPEC. Crude curve looking interesting.

Odd Block: Calls trade in EFA-big upside call closer, calls trade in MW, and puts trade in MDT.

Strategy Block: You, too, can be a winner. Or, the importance of looking at your whole portfolio.

Mail Block: Listener questions and comments.

• Question from 777: What quirks are there with time decay, [especially] during [the] last few weeks with ITM vs. OTM?
• Question from Topcat: Are options less risky than contracts for difference?

Around the Block: Retailers begin to step into earnings spotlight this week, including J.C. Penney and Macy's. Other highlights will include reports from tech giants Applied Materials and Cisco Systems.