Options Guide
Dykstra: Averaging Down Is Key
I've recorded similar multi-buy wins, such as $5,800 on Corning(GLW) Jan. 6; $5,200 on Nokia(NOK) on Dec. 17; $7,100 on Halliburton(HAL) Dec. 11; and $7,650 on Archer-Daniels-Midland(ADM) Nov. 4.
Of course, I also get quick wins of $1,000 on the original 10 contracts, sometimes within a day of buying the positions. On Monday, Hewlett-Packard(HPQ) paid off after just seven days in play. And on March 10, Cameron International(CAM) rang the bell after eight days. With my system, it's important to keep additional funds available in case a pick's stock price drops and you have to average down to put yourself in a better position for a win. It's a significant part of my strategy for successful options trading.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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