Standard options — whether on individual equities, stock indices or other instruments — have long offered a more flexible, and potentially more l way to invest. But a relatively recent product called Weekly Options, or “Weeklies,” gives investors an even more efficient way to use leverage and target profits.

Weekly options have the same terms as standard options, except they expire every Friday instead of every third Friday.

In other words, you can now trade options on a select group of underlying assets that have expiration dates every week of the year. To be precise, they’re first listed on Thursday of each week and expire at the close of trading on Friday of the following week (adjusted for holidays). (more…)