Option Block 89: Risk On, Risk OffTrading Block: Metals outlook - Gold, bonds, and GLD have all been pulling back, there seems to be a lot of building of cash reserves right now. The heavy movement in VXO relative to VIX means there is a lot at the money buying to up the curve. Risk on/ risk off. VIX has been trading above VXN, so clearly the risk is in the financials, not tech. Could there be a violent move toward the upside? Is there any truth to the rumor that China could be buying Italian debt? Interview Block: Today's guest Joe Cusick, the head of education at OX, talks a little about the progression he feels most people should go through when learning about options. How do you keep investors interested while teaching them about the stuff that's not as fun? Education for some of the more refined and advanced traders. Finally, what is Joe's opinion of the VIX-based products, ETF - ETN, that have come into the market place? Has volatility become an asset class? Strategy Block: Mike Cavanaugh discusses what he saw in the marketplace, and how to build a long term investment portfolio given the trends he observed. Around The Block: Our hosts prognosticate about the upcoming week. In a market like this, it’s a great opportunity to sell premium. Retail sales on the 14th and Philly Fed comes out on the 15th, both of these could have a big impact on the market. When will things with Greece get resolved?