To boost your stock returns, options is the way to do it. Played correctly, you can multiple your initial investment many times over. A stock option gives you the right to sell or buy an option at a particular price within a specific date. Though the potential returns are very high, the risks are extremely great. The key to playing options is not to overpay for it.

Look for slightly out of the money options that are reasonably priced. The strike price must be close enough to the current market price so that it'll remain attractive to option traders. Usually, a high volume stock with high price volatility have high premiums. There are less active stocks where you don't have to pay a big premium. The key is finding these plays.