Lenny Dykstra, the topic of many a posting here, recently posted a synopsis of his deep-in-the-money call option strategy. It was pretty straightforward, with Lenny explaining that “There is always a risk in investing and no one should ever place property that they cannot afford to lose on the table” (excellent advice) and that I wanted to be extremely careful in any investment tactics I sought to employ, because I really do HATE losing.
Nothing wrong with all that – it’s pretty sensible, even if I do think his investing methods are overly risky.
Then things started to get interesting. Read for yourself:
“By using LEAPS (think of them as options with Methuselah-like lives) and DITM calls, I noticed that my dollars were about as safe as a pig in a Yeshiva.”
I doubt this would have slipped past TheStreet.com’s (TSCM) editorial team…
If anyone’s offended, Lenny might pull this off his site, so here’s a screen snip for your enjoyment:
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