The Financial Advisor Update

Dykstra: Your Questions Answered

Stock quotes in this article: UTX , CAT , MSFT , GE , ADM , HAL , CSCO  

Q: How did DITM calls became your forte?

A: I had given a financial advisor I hired $2 million of my money to invest for my retirement. He lost all but $400,000. That was my wake-up call. I was humiliated, and I walked away vowing never to let that happen to me ever again. I knew I had to take matters into my own hands.

There was money to be made in the market, and once I learned the intricacies of different strategies, I liked trading DITM calls the best. It allowed me to invest only a portion of my portfolio while still making big gains. It allowed me to make the best use of my money.

The proof is in the pudding, so to speak. All my hard work has been paying off for me this year. I am 87-0 and have netted big wins recently despite a fluctuating market. Here are some of the wins: Forest Laboratories (FRX Quote), United Technologies (UTX Quote), Caterpillar (CAT Quote), Microsoft (MSFT Quote), General Electric (GE Quote), Archer-Daniels Midland (ADM Quote), Halliburton (HAL Quote), Parker Hannifin (PH Quote), Deere & Co. (DE Quote) and Cisco (CSCO Quote).

Always remember: Life is a journey, enjoy the ride

Lenny Dykstra manages Nails on the Numbers, a subscription service sold by TheStreet.com. Mr. Dykstra is 87-0 in his options pick this year. Mr. Dykstra writes regularly about options trades for TheStreet.com.

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At the time of publication, Dykstra had no positions in stocks mentioned.

Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."





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