Dykstra: Budweiser's the King of Options

Goldman, which raised Maxim to "buy" from "neutral," said the stock's delisting from Nasdaq, stemming from its stock option backdating investigation, created an attractive entry point.

What does mean for me and followers of my DITM calls strategy? It means we sit tight and let things play out for a while. It's a short-term delisting until they file papers by the first quarter 2008.

The current options will trade until they expire, but no new option series will be opened until they clear up the paperwork. So there will be no new opening transactions, only closing transactions.

This means we must suspend trading in the option, as we cannot add to our open position, but we can sell it to close the position. Both the stock and option have jumped a dollar since the announcement late Monday, so I will wait to see if our position will increase in value. We have time.

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First off, just for the record ... I was 10 years old in 1986 and was a die hard Mets Fan ... even though I grew up in Boston (the Mets were my first little league team and we had WWOR on cable). You were my favorite player because of your aggressive style of play, and I tried to emulate your stance, head first slides and always wore #4. Thanks for all the fun (not to mention bruises and busted fingers).

I now work for a major Internet company, but actively trade stocks as a hobby and to supplement my income. I've been following your 'in the money' call options strategy, but there are a couple of aspects I don't fully understand yet.