No Picks Lately
I haven't seen any columns on thestreet.com for Dykstra's option picks for the last 2 Mondays. Maybe a vacation or has he been dropped?? Anyone that knows anything I would be curious to hear.
A Blog that tracks Lenny Dykstra's deep in the money option picks from his column featured on thestreet.com's website. His "Low risk - High reward" system is looked at to determine how successful it is. The strategy involves picking good companies where the stock price is too cheap and buying deep in the money calls for several months out. The call prices will tend to go up dollar for dollar with the stock price since they are already "in the money". Dykstra buys 10 calls and looks for the stock to go up $1 dollar for a $1000 gain. He stresses that this is a short term strategy and to take profits when they come. The "maximum gain potential" is listed just to give an idea of how high the option price could have gone, but profits for this system should be taken as soon as they are made. I don't want to imply that one should wait for bigger gains.
I haven't seen any columns on thestreet.com for Dykstra's option picks for the last 2 Mondays. Maybe a vacation or has he been dropped?? Anyone that knows anything I would be curious to hear.
Dykstra picked the January 12.50 Call for AMAT Applied Materials Inc.
Dykstra picked the January 12.50 Call for CSCO Cisco Systems Inc.
Dykstra picked the November 22.50 Call for Maxim Integrated Products Inc.
Dykstra picked the October 20 Call for Texas Instruments Inc.
Dykstra picked the October 25 Call for AA Alcoa Inc.
Dykstra picked the November 42.50 Call for MDT Medtronic Inc.
Dykstra picked the December 20 Call for NWL Newell Rubbermaid Inc.
Dykstra picked the November 55 Call for GD General Dynamics Corp.
Outcome of Dykstra's 34 call option picks:
Dykstra picked the December 30 Call for DOW Dow Chemical Co.
Dykstra picked the August 22.50 Call for HW Headwaters Inc.
Dykstra picked the October 20 Call for MSFT Microsoft Corp.
Dykstra picked the September 20 Call for WTR Aqua America Inc.
Dykstra picked the August 25 Call for HW Headwaters Inc.
Dykstra picked the August 35 Call for ABT Abbott Laboratories
Dykstra picked the July 60 Call for AMGN Amgen Inc.
Dykstra picked the September 35 Call for DOW Dow Chemical Co.
Dykstra picked the September 35 Call for FPL FPL Group Inc.
Dykstra picked the October 17.50 Call for INTC Intel Corp.
Dykstra picked the September 35 Call for BUD Anheuser-Busch Companies Inc.
Dykstra picked the October 45 Call for LLY Eli Lilly & Co.
Dykstra picked the July 12.50 Call for CHKP Check Point Software Technologies Ltd.
Dykstra picked the June 30 Call for NBR Nabors Industries Ltd. ***There was a 2:1 stock split so it was actually the June 60 Call so all numbers have been cut in half here.
Dykstra picked the July 17.50 Call for INTC Intel Corp.
Dykstra picked the June 50 Call for CVX Chevron Corp.
Dykstra picked the May 22.50 Call for DELL Dell Inc.
Dykstra picked the June 35 Call for DOW Dow Chemical Co.
Dykstra picked the May 35 Call for KO Coca-Cola Co.
Dykstra picked the March 17.50 Call for VRSN VeriSign Inc.
Dykstra picked the July 17.50 Call for INTC Intel Corp.
Dykstra picked the June 30 Call for GE General Electric Co.
Dykstra picked the June 35 Call for DOW Dow Chemical Co.
Dykstra picked the June 40 Call for WMT Wal-Mart Stores Inc.
Dykstra picked the June 25 Call for SCHL Scholastic Corp.
Dykstra picked the June 20 Call for LYO Lyondell Chemical Co.
Dykstra picked the April 25 Call for VZ Verizon Communications Inc.
Dykstra picked the April 20 Call for MSFT Microsoft Corp.
Dykstra picked the March 15 Call for CE Celanese Corp.
Dykstra picked the April 15 Call for SYMC Symantec Corp.
Dykstra picked the April 22.50 Call for FTO Frontier Oil Corp.
Dykstra picked the February 25 Call for DELL Dell Inc.
Dykstra picked the April 22.50 Call for IP International Paper Co.