Option Block 110: Worthless December Lottery Tickets

Trading Block: A massive explosion to the upside, what was the impetus for the 400 point rally? The S&P 500 has climbed 3% or more in a day 36 times in the past three years compared with 27 times for the nine years before, according to Bloomberg. EU battling to hold itself together. The first of the month means “Options Numbers Day.”Odd Block: Unusual activity in Research in Motion, Ltd. (RIMM) and Barnes & Noble, Inc. (BKS) Xpress Block: Tim Navabi shares the news from Direxion Shares that their 2x bull and bear ETFs will now be converted to 3x. Also, how did OX handle the frenzied rally in the past days? Around the Block: Non-farms tomorrow, but almost a back-burner issue compared to the wild and irrational exuberance in the market recently. VIX finally takes a turn below 30, a long awaited event.