Trading Block: The polar vortex might have snuck into the S&P, a narrow range of movement today. Vol off half a handle. How likely is the Fed to make an announcement before the end of the year?

Odd Block: Calls trade in GlobalStar, Inc (GSAT), calls trade in Walgreens Boots Alliance (WBA) and calls trade in Energy Transfer Equity LP (ETE).

Mail Block: Listener questions, comments, and opinions

#QuestionOfTheWeek: Financial advisors represent the last options frontier. What level of options knowledge do you expect from your advisor?

• None: I will do it myself
• Level 1: Buy Puts/Calls
• Level 2: Income & Vol
• Level 3:Option Specialist

Listener questions:

• Question from Roiratpd81: @Options thanks! I am a new trader. How should I interpret this chart? Say for BAC? Thanks!
• Question from Hitman - Is the crash priced in yet? What about black sawn events? Any options indicators showing one of those may be on the horizon?
• Question from Martin Stann - I like to trade the 2X levered SSO ETF. What are your thoughts on this and is it a viable candidate for call writing and put writing?
• Question from Aldo2 - Hey Mark, Lobster and UM. Just wanted to get your guys thoughts on Vanguard as an options broker. I know most people use them for mutual funds but I have most of my assets there. Is it a viable platform for the type of trading you guys advocate? Hope you're surviving the big chill in Chicago.

Around the Block: Expecting a very quiet week.