Option Block 223: Making Money for the End of the World

Interview Block: Today's Guest: Ed Walczak, Principal Trader at Harbor Financial. He specializes in options on the S&P futures contracts, and does everything from ratios to credit spreads.

Trading Block: Another day, another selloff, another VIX cash pop. The return of realized vol to the downside. Ford engine investigation. Is Uncle Mike reconsidering his 12 puts? Is Barnes and Noble next to go private? Zynga rallies 7.5% today. Exchange trend continuing -- CME to acquire DB? DB couldn't merge with NYSE, so why would regulators approve this? SEC examining how stock exchanges create new order types.

Odd Block: Steady buyers of Frontline Ltd (FRO) puts, and puts trade in Linn Co., LLC (LNCO).

Xpress Block: A blood-letting day at the OX desk. Expanding the Idea Hub for futures options.

Around the Block: How long can we hold these levels of realized vol? GRPN 2/27