Option Block 391: Crude Oil Madness

Trading Block: A bloodbath in the tech and commodities sectors. Mini Apple crash catches the market off-guard. Energy and oil had their own crash on Friday. The Options Industry Council (OIC) announced today that 294,770,356 options contracts traded in November, down 6.26 percent compared to last November.

Odd Block: Puts trade in Marathon Oil Corp. (MRO), calls trade in Bristol-Myers Squibb Co (BMY), and call ratios trade in Barnes and Noble Inc (BKS)

Xpress Block: Energy alternatives and futures options

Strategy Block: Tosaw discusses diagonal risk reversals

Around the Block: Keeping an eye on crude and Apple