Trading Block: The Federal Reserve announced a quarter-point rate hike Wednesday as expected. The market keeps shrugging off news about Trump. The news deluge, with its quasi facts, is making people numb.

Odd Block: Puts trade in Tesla Motors (TSLA), puts roll in Yamana Gold Inc (AUY) and puts trade in Accelerate Diagnostics, Inc. (AXDX).

Strategy Block: Uncle Mike Tosaw discusses closing out long SPY call spreads

Mail Block: VIX Limbo

Last Month 40+% of you said $VIX wouldn't break 9 in 2017. But recent events have us asking again: How low will $VIX get in 2017?

• Still Won't Break 9
• Won't Break 8.5
• Won't Break 8.0
• Lookout! 7 Handle in '17

Listener Questions and Comments:

• Question from Sal06 - Hello, Just wondering if you could help me I have a $100 call strike for Shopify at a average of 5.88 I bought a week ago. Do you think I have a chance for it to recover?
• Question from NanFran - Tomorrow is a triple witching hour. What does that mean for options?

Around the Block/This Week in the Market:

• Jun 16: Housing Starts, Consumer Sentiment