Trading Block: OCC announced total cleared contract volume for the month of January was up four percent from January 2015 with 371,870,087 contracts, marking the third highest January on record. CBOE announced that it plans to list S&P 500 Index (SPX) Wednesday - expiring Weeklys options beginning February 23, 2016. ISE Mercury to launch on February 16, 2016. Earnings today after the bell: Options on Google parent Alphabet Inc were busy on Monday ahead of the its quarterly results that could help it unseat Apple Inc as the most valuable company in the world.

Odd Block: Calls trade in The Kroger Co. (KR), calls and puts trade in Twitter Inc . (TWTR), and calls and puts trade in PVH Corp (PVH)

Strategy Block: Tosaw discusses the knockout collar.

Mail Block: Listener questions and comments

• Question from JDon - Congrats on your milestone. Howd you get such a cool handle?

Around the Block: Earnings!

• Tuesday - Chipolte Mexican Grill, Exxon Mobil Corporation, Merck & Company, Sirius, UPS, Yahoo
• Wednesday - CBOE Holdings, Exelon Corporation, General Motors Company, GoPro Inc., Pfizer
• Thursday - ConocoPhillips (before), Intercontinental Exchange (before), LinkedIn (after)
• Friday - CME Group Inc.