Trading Block: Stocks drop ahead of earnings onslaught. Traders may just be forced to unwind all those VIX bets.

• Earnings today before the bell: Xerox, Haliburton
• Earnings today after the bell: The Container Store
• AAPL - ATM straddle: $4.90, approx. 4.6%
• FB - ATM straddle: $8, approx. 7.2%
• AMZN - ATM straddle: $49.50, approx. 7.9%

Odd Block: Calls trade in Health Care SPDR (XLV), calls trade in BankRate Inc. (RATE), and calls trade in Dollar Tree Inc (DTLR)

Strategy Block: Uncle Mike Tosaw discusses dollar cost averaging.

Around the Block: Earnings!

• Tuesday - Apple, Fiat Chrysler, 3M Company, Ally Financial, Buffalo Wild Wings, Canon, Chipolte Mexican Grill, ebay, Eli Lilly & Co, Hershey Company, JetBlue, Office Depot, Panera, Procter & Gamble, Spirit Air, Whirlpool
• Wednesday - Facebook, Boeing, Hilton, Nasdaq, Six Flags, Speedway Motorsports,
• Thursday - Amazon (after bell), Ford Motor Company (before bell), CME (before bell), Coca-Cola (before bell)
• Also, the Fed breaks from its two-day policy meeting Wednesday at 2 p.m. ET and investors around the globe will be watching to see what the U.S. central bank says about the timing of its next interest rate.