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

I look at the NCAA men's basketball tournament and see the exact opposite of the stock market right now. It's Memphis, UCLA, North Carolina and Kansas playing for the title. The four top seeds in each bracket: 1 + 1 + 1 + 1 = Final 4.

That's the way the math is supposed to add up, isn't it? Completely predictable. But it generally doesn't play out that way during March Madness. And if you've followed the tournament closely, you know that there were a lot of underdog victories in the early rounds, before these "Four Horsemen" rode to the tops of the brackets. There's usually an underdog that takes its game to a new level, steals the country's heart and breaks into the Final Four. And we love that volatility.

People who are bummed at the unpredictability of the market these days should remember that. They should remember how much we love volatility in the NCAA tournament, and the same can go for the current market. Yes, it's a time of unpredictability, but that presents opportunities, as you can see by looking at my latest picks, and by the fact that like the tournament this year, the strongest companies typically rise to the top.

Today's deep-in-the-money call play is on another No. 1 seed, United Technologies(UTX Quote), which provides products and services including elevators, air conditioners and helicopters. With Helicopter Ben Bernanke at the Fed's helm, and the U.S. Treasury ready to rev up consumers' engines with a drop of $150 billion in tax rebates next month, UTX should be moving up the key level elevator that I use to set my DITM options strategy for this name. ...