Option Block 121: Degenerate Options Traders Trading Block: Ho hum day on the street, but VIX makes it below 20 after much dancing in the area. Looking at a sleepy creep up of the general markets and for a dedicated selling of volatility. Uncle Mike’s patience has paid off in Ford. Mark rolls in the Wheel of Fun. The gang fixes the issues with weeklys, but are the exchanges listening? Playing around in earnings season. Kodak throws in the towel and declares bankruptcy. Odd Block: Unusual activity in Safeway, Inc. (SWY).Strategy Block: Uncle Mike takes us through win-loss ratios. High probability does not equal guaranteed money. Premium selling is not an annuity; you still have to prepare for risk. Around the Block: Earnings dominating the horizon.