Option Block 255: Balloon is Over-squeezed

Trading Block: Rally Ho! Again. Vol crushed, but not as aggressively as expected. Are the pronouncements of the death of Apple's vol premature? Prosecutors finally get around to charging Corzine in MF Global debacle. 30-year mortgage rate at 4.46%.

Odd Block: Calls trade in Statoil ASA (STO), Goodrich Petroleum Corp (GDP), and New York Community Bancorp (NYCB).

Xpress Block: Alex discusses GDX, Newmont Mining (NEM), and other trade ideas from the Idea Hub.

Around the Block: Blackberry earnings before the open.