Option Block 265: The Innovator

Trading Block: Giving back some of the gains on the street today. A surprising pop in Blackberry. Apple touching near-term highs. ALSO GLD, SLV, ETC

Odd Block: Odd Block Review: Dendreon Corp. (DNDN), put spreads trade in DeVry Inc. (DV), put spreads trade in The Chubb Corp. (CB), calls trade in China Automotive Systems, Inc. (CAAS), and call spread roll in Deckers Outdoor Corp (DECK).

Xpress Block: Tesla very active with earnings coming up. CBOE and Alcatel-Lucent active as well.

Strategy Block: The credit spread with benefits.

Around the Block: Upcoming Earnings: Groupon - 8/7, Tesla - 8/7, Disney - 8/6.