June 12th 2006 - DOW

Dykstra picked the December 30 Call for DOW Dow Chemical Co.

Option price: $8.80
Stock price: $38.23
Approximate premium: .57-cents

The stock traded to a high of $38.84 on July 3rd, for a max gain of $1.31

If 10 contracts were purchased:
Would the minimum of $1000 been made: Yes (July 3rd)
Maximum gain potential as of June 29th is: $1310

June 21st Update - The stock has traded back to $38.23 where Dykstra picked it. The option however is up to $8.90 at the last trade but with an ask of $8.70 and bid of $8.50. Still lots of time and basically treading water.

June 26th Update - DOW closed up .42-cents today and the option value rose to $8.80 with an ask of $8.90. Still at break-even.

June 29th Update - DOW closed up .98-cents today to close at $38.73 with a high of $38.84. The option last traded at $9.30 with an ask of $9.30 and bid of $9.20. It traded as high as $9.40 today. That high represents an option value max gain to date of $600.

July 3rd Update - DOW closed up 0.44-cents today to close at $39.47 with a high of $39.54. The option hit a high of $10.10 today or $1.30 above the original buy price. Dykstra most likely sold today to get his profit of $1000.