Option Block 284: The Tosaw-Giovinazzi Show

Trading Block: Google up $43 after market. How long can the VIX go? Are we looking at the bottom? Gold reacts to the Fed tapering announcement.

Odd Block: Calls trade in Ingersoll-Rand PLC (IR). Unusual activity in Cole Real Estate Investments (COLE). A put sale for income gone wrong in Seadrill LTD (SDRL). Trading all over the board in Real Goods Solar Inc. (RSOL).

Listener Mail: Question from Uncle Al: I've heard the term maker-taker many times in regard to options exchanges. Can you explain what this term means and what traders should be aware of? Thanks for this fantastic program.

Question from Ibn Sayer: I have a question for Uncle Mike Tosaw. He has discussed the problems with annuities several times on the program. I wonder is it possible to construct my own annuity using listed option contracts?

Around the Block: Google earnings, Goldman Sachs. Treasuries making a bit of a rally.