Option Block 93: Metal-Ocalypse Strikes AgainTrading Block: The relationship between VIX and VXN, how it could have helped you. Late session rally on European hopes. The Metal-ocalypse continues - where is the bottom? Sell-offs in both GLD and SLV. EK crushed to the downside...again -- CDs upfront premium not at 41%! Groupon's ponzi scheme continues -- restated their entire 2010 results and slashed revenue in half. Odd Block: Harry Winston Diamond Corp. (HWD) – Size put seller. Fresh prints in HWD puts drove options volume in the front month above the prevailing level of overall open interest on the stock in the first half of the trading session. Hasbro, Inc. (HAS) - A Mark Sebastian favorite. Call buying spread to the Jan. 2012 $40 strike, where 723 contracts were picked up at an average premium of $0.80 each. Open interest in calls at the Jan. 2012 $40 strike far exceeds volume of 1,015 contracts exchanged thus far in the session, suggesting trades today may or may not be opening. Options implied volatility on Hasbro rose 5.9% to 37.75% in early-afternoon trade. Novagold Resources (NG) - On average, they do about 7,000 contracts, today though 100,000! Size time spread - looks like 44K Dec 7 puts were sold in a closing transaction for around $1.08 - existing open interest of 70,000 contracts. Xpress Block: Tim Navabi runs through the top moving stocks and commodities over at OX today. Also a little overview on the use of settled and unsettled funds. Around The Block: Jobless claims on Thursday as well as GDP. Greek debt still on the horizon. The bulk of today's rally come after the lessening of those concerns, but the outlook on that changes frequently -- things could get either really good or really bad.