Option Block 229: The Death Hedge

Trading Block: Most indexes closed down by the end of the day. Juice comes back into the VIX. Cypress: is it the new Greece? GLD, SLV and other metals up on the day. Lululemon recalls "see-through" yoga pants.

Odd Block: Calls spread trades in the VIX, put buying in Citigroup Inc. (C), and big trades in Constellation Brands Inc. (STZ).

Xpress Block: Two names stood out on the desk: General Motors and Dell.

Strategy Block: Mike Tosaw gets his very own rant about busting the myths of annuities. Go, Mike, go!

Around the Block: Keeping an eye on Cypress. We're close to all-time highs in the market.