Trading Block: Yesterday's earnings: SNAP. Today's Earnings: Macys, Kohls, Nordstrom.

Strategy Block: Uncle Mike Tosaw discusses horizontal ratio spreads

Mail Block: Listener questions and comments

Options Question Of The Week: This volatility implosion is starting to make people nervous. $VIX #Limbo Time: How Low Can It Go in 2017?

• 9.0 is the bottom (38%)
• No lower than 8.5 (18%)
• Cannot get below 8.0 (15%)
• Question from Fund Concept: Doubt that Trump will get rid of H1Bs considering global talent is crucial for U.S economy. Any thoughts?

Around the Block/This Week in the Market:

• May 11: Jobless Claims, PPI
• May 12: Consumer Price Index, Retail Sales, Consumer Sentiment