Option Block 224: No Watered Down Options Information

Trading Block: Downward movement across the market, making a late reversal. Not a ton of movement in our favorite fruit company. VIX had a big turnaround during the day. Facebook sells off. AB allegedly watering down their beer - stock unaffected.

Odd Block: Fresh call buyers in TD Ameritrade Holding Corp. (AMTD), profit taking via Bank of America Corp. (BAC), puts trade in Cablevision Systems Corp. (CVC) after earnings, and call trading activity in DigitalGlobe Inc. (DGI).

Xpress Block: A relatively quiet day at the OX desk today.

Mail Block: FB question from listener: I listen to your podcast and really enjoy it. I heard a while back that Uncle Mike was short the 26 put on Facebook. I had a 25 put assigned to me, and I rode it down to 18 and back up to 28.68, where I sold my shares. I now have the April 23 short put. I am enclosing a chart that I would like to comment on. It is the reason why I chose the April 23 put.

Around the Block: Sequester, Sequester, Sequester! The big cutting day is almost here.