Ariad Pharmaceuticals Inc fka ARIA

[Whosetosay]

Whatever you do, if you proceed with options, ease into them.

I both INVEST in ARIA options, and day-trade on margin provided by my core position in Scottrade Account. (ETrade does not give margin on ARIA.) Others on this board do too. Very risky as it's all in ARIA.

I buy deep in the money (DITM) calls, a year out, and hold them to very near expiration, then roll them over, cash in, or let exercise. I day trade shares trying not to hold overnite. DITM calls both leverage, and hurt leverage in that you can't margin them. Still, I find them a good way to be disciplined about managing an extended position. I rarely trade out of the money calls, much harder to make money.

I like the Jan 13 5's, and 8's.

Go slow and carefully manage your margin. On dips like this one, or the one we had in the summer, you may get forced to get out of your options positions.

Best,

2da