Short Term Traders-Listed Stocks

[QuickTrade]

Options: Well, I don't have any particular ones but what I do is have a watch list of stocks. If I see something I like either its up too much or down to much I'll click it, then look at the options chain.

I'll find the option (put or call) that doesn't have a big spread. Meaning the bid ask is close not far apart.

I played DRYS yesterday. Bought the $85 Put Option @$6.34. Then I realized looking at the chart this stock dropped like 50% in 2 weeks. LOL So too much upside potential. I sold @$6.60 for a small profit.

It ended up closing @$5.50 or something.

Options are fun but just remember...they expire.

And remember... as time goes on closer to the expiration, the stock can be going your way but the option might not because either people are selling it OR it's not getting to the strike price fast enough.