We present the photometric observations of blazars S5 0716+714 and 3C 273 with high temporal resolution (30--60s) in the $I$ or $R$ bands. The observations were performed with a 1.02 m optical telescope from 2007 March 07 to 2012 May 16. The $F$-test, one-way analysis of variance (ANOVA) test, and $z$-transformed discrete correlation function (ZDCF) cross-correlation zero lag test are used to search for intra-day variability (IDV). Four and five reliable IDVs survive three tests for S5 0716+714 and 3C 273, respectively. IDVs are found for S5 0716+714 and 3C 273. A flare on 2008 May 08 has $Delta I approx$ 0.06$pm$0.01 mag in a duration of 0.54 hr for S5 0716+714. A flare on 2011 May 10 shows $Delta R approx$ 0.05$pm$0.01 mag in a duration of 0.40 hr for 3C 273. Sharp dips appear on 2011 May 9 for 3C 273, and show $Delta R approx$ 0.05$pm$0.01 mag. Under the assumptions that the IDV is tightly connected to black hole mass, $M_{bullet}$, and that the flare durations are representative of the minimum characteristic timescales, we can estimate upper bounds to $M_{bullet}$. In the case of the Kerr black holes, $M_{bullet} la 10^{8.91} M_{odot}$ and $M_{bullet} la 10^{9.02} M_{odot}$ are given for S5 0716+714 and 3C 273, respectively. These mass measurements are consistent with those measurements reported in the literatures. Also, we discuss the origins of optical variations found in this work.
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