Dykstra's Deep-in-the-Money Call: Boeing

The market has been angry. Stocks have been beaten up and there is a lot of ugliness going around. It's painful in places. That's part of the reason I'm excited about bringing you today's pick.

My philosophy involves zeroing-in on good companies that have been unfairly beaten-down by Wall Street. I look to find a bottom and capture a profit when the company's option prices start heading upwards. I don't get too greedy, instead I just take my wins as they come. The goal is to make a $1000 per every 10 contracts purchased.

So let's just jump right in to the pick. I'm bringing back a company that has already delivered for me once this season: Boeing(BA Quote - Cramer on BA - Stock Picks).

The company is a major league competitor. The market has beaten it down, and it is off 24.19% in the last year. It closed at $73.95 Monday, which is very close to the bottom of its 52-week range of $71.59-$107.83.

We all know about the delays in its new Dreamliner aircraft -- it's been covered at length in the press. I mentioned it during my April 8 column when I picked Boeing for the first time this season. That pick turned into a quick one-day win and $1,000 in my pocket.

To quickly recap the Dreamliner situation: The plane is about 16 months late due to problems with suppliers and other delays. However, Boeing just confirmed the new model will hit the runway in the fourth quarter. So, the bottleneck should begin to open up a bit later in the year. The aircraft's reported fuel-efficiency should make it even more attractive in this environment.

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