Ariad Pharmaceuticals Inc fka ARIA

[dubstock]

I use roughly the same strategy but I think you misunderstand the real reason most option purchasers buy. When I buy options it's usually both calls and puts for a price range that allows me to day trade with practically no risk during the options period. It's just an insurance policy.
If you pay $.30 for a month long contract but make 12 $.10 per share trades you more than covered your expenditure. And that is pretty modest expectations.