Option Block 108: Super Committee VIX Spreads

Trading Block: Dow back in the red for the year. Debt cutting debate concerns hit the market -- reminiscent of the debt debate from August, only you don't see everyone loading up on VIX puts this time. Did they learn their lesson? Could more DC gridlock trigger another debt downgrade?

Odd Block: Unusual and interesting activity in: Gilead Sciences Inc. (GILD) NII Holdings, Inc. (NIHD)

Strategy Block: Andrew Giovanazzi from Option Pit discusses getting short the VIX without overloading on risk.

Around The Block: Super committee debate dominates the outlook for this week -- how do you position for this? Apple below the 375 handle for the first time in a while -- maybe the best is behind Apple?