Option Block 222:  Bonds. Contrarian Bonds.

Trading Block: The majority of the market sold off by 1%.  On the news that bonds might sell off, they rallied. Apple breaks through 450. Google hanging around the 800 level.

Odd Block: A collar went up in Texas Roadhouse (TXRH); call spreads trade in Gerdau SA (GGB), and calls active in Blackstone Group (BX).

Xpress Block: SPX and April Condors are hopping.

Strategy Block: Today's strategy honors Hannibal Smith of the A-Team. Put selling strategies on SPY-- long-term bullish and short-term cautious.

Around the Block: Looking ahead at Tesla Motors. Keeping an eye on the S&P 500. Seeing if Google can stay near 800.