Ariad Pharmaceuticals Inc fka ARIA

[lax20m]

I never buy options anymore I only sell them. Looks like My ariad July $3 puts will get exercised this month ( or maybe not) I sold them around that market crash (in may ) when ariad was in the mid to high 3s, I never thought they'd get exercised. Probably a win win for me. I'll either keep the premium if they are not exercised, meaning ariad will close above 3 on July 16th or I will get some more ariad shares with a basis of 2.65. ($3 - my 35 cent premium) Either way works for me and is exactly why I sell options (specifically puts) in stocks I want to be invested in. I I've been burnt on buying calls. Options for me are kinda like gambling. I feel like the seller is the house (because they get the premium) and the buyer is the gambler. IN the end the house always comes out ahead.

Just my thoughts. Not sure given the unknown timing of the events if I'd be willing to pay the premium for calls but if you feel comfortable with the timing of events its certainly a way to leverage your investment.