Dykstra: Finding Good Medicine in Pfizer Calls

I typically set a sell target 1 point higher with a GTC order. However, if a position moves against me, you will notice in my weekly "Stat Book" column (which runs every Wednesday) that I set the next buy at a near-term support level. When I dollar-cost average down into a position, I then adjust my GTC sell order down accordingly. When a DITM call gets to this point -- meaning about 30 days from expiration -- I adjust my sell target ( i.e., Comcast ) to offset the time, while still capturing a nice solid profit. Stay tuned!

Hi, Lenny. I have caught your articles from time to time and am intrigued. I have been looking for a way to invest and do not know much about it, but feel that institutions that invest have their company's best interest at heart, not mine. I do not have a lot of cash, but it looks like your investment strategy yields cash with the lowest risk. Can I get on your mailing list? Or can you share your strategy with a beginner in mind? -- Brenda

Dear Brenda,

Thank you for your interest in my DITM strategy. Every day I share my investment success strategy right here at TheStreet.com; please take the time to review my past articles for more information. Additionally, TheStreet.com has a wealth of information regarding investment strategies; I recommend you look into what TheStreet.com has to offer for investors, from the person that's just beginning to the most seasoned veteran.

I missed your options column today. With the market turning down, it would be interesting to hear your advice, and also to know what to do with the options that have been discussed. I hope everything is fine with you.

Thank you for the kind words. My column is so late because of computer problems. I was traveling last night, and when I arrived at my destination, everything was fine. This morning, their Internet connection was down -- I was shocked and upset, to say the least. I was so upset, I drove to the nearest business (I believe it was a real estate office) I saw open, and just jumped on an open computer -- all this while the owner of the business is yelling in my ear, "I am going to call the police if you don't leave."

Bottom line: I take complete responsibility for this delay. I do not want to make excuses, so I can only say that I will try my hardest so this does not happen again.

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