Option Block 195: Post-Hurricane Sandy Edition

Trading Block: The market reopens Wednesday after closing for two days due to Hurricane Sandy. Apple opens nearly unched, some long premium holders ended up alright. Vol has been coming in hard. How was the NYSE not prepared for a disaster such as a hurricane?

Odd Block: Straddle sold on Take 2 Interactive Software (TTWO).

Xpress Block: Dave Vitamonis gets the OX hot seat for today's show and discusses using an iron condor, instead of an iron butterfly.

Strategy Block: Mike Tosaw discusses risk management and when you should use a point A to point B type of risk management.

Around the Block: Watching the vol crush and Non-farms tomorrow. LinkedIn and Amazon.