Option Block 176: Groupon Garbage

Option Block 176: Groupon Garbage Trading Block: A mild rally across the Street. S&P vol getting squeezed of all its juice. Cisco knocks it out of the park post-earnings. Groupon garbage post-earnings. Cosi trading at a depressed level. Facebook south of the 20-handle. Odd Block: Protection swapped on Novartis (NVS); large blocks of calls rolled on the Dow Jones Industrial Average in the (DJX) and (DIA) options; Wednesday review: Huntsman International LLC Jumps; calls active (HUN). Xpress Block: Tim Navabi returns to the OX driver’s seat, and talks about his new position as a New Trader Consultant. Around the Block: Waiting to VIX to come back in. Earnings winding down, Europe winding up?