Option Block 785: Time to Take About Premiums

TRADING BLOCK Most active indices: VIX - 599k, SPY - 1.67M, SPX - 708k Uber/Lyft drivers may be able to participate in IPO       ODD BLOCK Call love in (BUD) Call overwrite in Workday Inc (WDAY) Call love in SandRidge Energy Inc. (SD)       STRATEGY BLOCK Uncle Mike Tosaw discuses how trading based on a breakout can be beneficial to risk management.         MAIL BLOCK #QOTW: We'll keep it simple to wind down the week. What is your go-to #options strategy right now? Don't see your fav on the list? Reply/DM with your suggestions. 49% - Long Call/Put/Vertical 14% - Short Call/Put/Vertical 20% - Fly/Iron Fly/Condor 17% - Calendar/Diagonal Question from Holscreen - Is it safe to say that a large amount of the options business is devoted to paying for puts? Question from Dana Mac - I've heard a lot of talk about contract numbers but how much dollar value is actually transacted in the options market?     AROUND THE BLOCK This Week in the Market Mar 4: Construction Spending Mar 5: New Home Sales, Treasury Budget Mar 6: International Trade Mar 7: Jobless Claims, Productivity and Costs Mar 8: Unemployment