Option Block 368: Selling Premium in a Quiet Market

Trading Block:

A mild day on the street today. BP fiasco slaughters everything oil related. Apple had a four point loss. CBOE announces weeklies on SPX

Odd Block:

Calls buyers flood into QuickSilver, Inc (ZQK)

Calls trade in JAKKS Pacific, Inc (JAKK)

Calls trade in Corning Inc. (GLW)

Mail Block:

Question from Mandel - What is a premium writer to do in this market? Any suggestions for good income trades here?

Strategy Block:

Today, Uncle Mike Tosaw discusses the ratio spread

Around the Block:

Non-farms coming up on the horizon.

FDA approves Merck cancer drug.