Option Block 45: Charles In Charge

• Trading Block: Ford; RIMM earnings;  April vol & skew getting crushed - perhaps too much heading into the weekend; the foolishness of rushing into a stock ahead of earnings; do asset managers offer any real value.
  

• Odd Block: Sizeable defensive activity in Sandridge Energy (SD); Charlie Sheen protective puts in CBS; Bizarre bullish activity in BioMimetic Therapeutics (BMTI)
  

• OX Block: Charles in charge was an awesome show; OX customers love writing BIDU puts;  Time to get into wheat? It's far more liquid and viable for retail than oats, sugar, cotton and many other ags; Schwab/OX has sparked a resurgence of anti-options articles in the media.
  
  
• Around The Block: Will traders continue to hammer spx downside going into the weekend? Good time to buy protection?; Apple vol returns, but it's expensive to keep rolling your downside puts every month.
  

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Compiled by The Options Insider staff.