The big rally last week has sparked at least for the moment some optimism into this market. As we see a contracting VIX, click below to hear what this all means as well as the latest options strategies on the latest episode of Options Action.

http://www.cnbc.com/id/15840232?video=1061222488&play=1
http://www.cnbc.com/id/15840232?video=1061222467&play=1
http://www.cnbc.com/id/15840232?video=1061183642&play=1