*** ALL THINGS MONEY >>>> ATM ***

[AzInvestor]

I had a pretty good day yesterday with options.

I like looking at the options expiring on Fridays. They are cheap and have no time value. So if you look at the short term charts and think a bounce will happen within the day it can make a nice move for you and you risk very little.

So yesterday I looked at BIIB and it was heading down, but seemed it would bounce within the day. At this time the price was around $282 and I picked up 4 285 calls that expired that day for .05 each.

So my total risk for the 4 calls was $32 spent. And I sold them 2 hours later for $.50 ($200).

Not too bad for 2 hours of trading yesterday.