Trading Block: Bearish options bets on Apple are spiraling higher. Stocks to Watch: Tesla Motors Inc. (TSLA) +2.26%), American Apparel Inc. (APP), Lenovo Group Ltd. (HKG). OCC and U.S. Securities Market Coalition ask U.S. Department of Labor to allow use of listed options in retirement accounts.

Odd Block: Calls trade in SYSCO Corp (SYS), puts trade in SPDR Barclays Capital High Yield (JNK), and puts trade in Technology SPDR (XLK).

Mail Block: Listener questions and comments

• Question from Mark Brant - Is insurance against assignment legal? Why not pay a fee for the broker to absorb assignment risk if your strategy prefers it?

Around the Block: Shake Shack, Inc. (SHAK) will be listed Aug 14.