Today we have a very special guest co-host, Benjamin Londergan, Executive Managing Director and Head of Options Trading and Technology, Convergex.

Trading Block: Most indices closed sharply lower. That means the VIX closed higher. Was Deutsche Bank the biggest story of the day? The media dropped the dreaded "D" word. Crude is up again. Revisiting the CBOE/BATS deal.

Odd Block: Size PFE time spread goes up, size BHI call buyers and VNDA parity calls and combos trade.

Strategy Block: Uncle Mike discusses the biggest frustrations with collars and alternatives to that.

Mail Block: Listener questions and comments

• What's the deal with PG?

Around the Block: Will the markets move from the election? The post-debate analysis.

Options #QuestionOfTheWeek:

How will the election impact $VIX? Are we heading for #Trump-ocalypse or #Clint-astrophe? Share your feelings.

• Spike > 20 - Blame Trump
• Spike > 20 - Blame Clinton
• No impact (12-14 range)
• Modest Increase (15-20)