Option Block 232:\xa0 Crushing Inflation
\nTrading Block: Facebook goes after Google. Bank of Japan moving a lot today. S&P opened lower than gold for the first time since the flash crash. How high can the interest rate go?
\nOdd Block: Big calls trade in the S&P 500 VIX Short Term Futures ETN (VXX), more puts trade in Alerian MLP ETF (AMLP), and out month put buy in Bank of America Corp. (BAC)
\nXpress Block: Rates, Yen and other Asian markets lit up the OX desk today. Citadel is petitioning the supreme court over the CBOE/ICE/SXP case.
\nStrategy Block: Tosaw clarifies the difference between market timing and risk management.
\nAround the Block:\xa0 Non-Farm payrolls come out in the morning. Rates will be a main focus.