Action Alerts PLUS is a registered trademark of TheStreet, Inc. Most option contracts sold are written by covered call writers. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year.". A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. His latest venture, Nails Investments, is a $99-per-month subscription service that promises to provide members access to his "deep-in-the-money calls strategy" -- an approach that has led him to make exclusively winning trades over the past two years, according to his website. Dykstra, Lenny; Noble, Marty (1987). Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. A substantial, multi-month market decline could cause the strategy to crash, seriously impacting long-term return on investment. Ben McGrath writes on Lenny Dykstra, the retired fan-favorite baseball player, three-time All-Star, and convicted felon, and his current business schemes and life style. Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Sélectionné par les Mets de New York en 13e ronde en 1981, Lenny Dykstra connaît du succès dans les rangs mineurs. After he … No matter how high the stock goes, you may have to buy it and sell it at the strike price in the option contract. The Lenny Dykstra tale is like the story of the housing bubble itself. Ce rapide joueur gaucher a joué de 1985 à 1996 pour les Mets de New York et les Phillies de Philadelphie. This is a high-risk strategy because you are guaranteeing to sell the stock to the contract buyer. To avoid having your stock called away if the stock price goes up, covered call writers will buy another option contract to cancel out the first order, taking a loss in the premium difference. In 2008, Jim Cramer made two of the boldest calls of his career: that "Bear Stearns is fine!!!" Mr. Dykstra is 94-0 in his options picks. The veteran designated hitter's contract allows the team to buy him out the following year for $1.25 million. I was a Lenny Dykstra fan and I didn’t really like the Mets. So what kind of specifics are behind that kind of financial prowess? INVESTING. When you use this strategy, your risk in the trade is that the stock will be called away, in which case the option buyer will exercise the contract and you will be required to sell it. Jim Cramer – Lenny Dykstra Stock Scandal, Reports Randall Lane's The Zeroes. "Lenny Dykstra of the Phils: This 'Dude' Comes to Play". While they don't have to worry about injuries, investors do need to make sure they aren't exposing themselves to massive losses. When I found […] The Online Investing AI Blog The Latest, Most useful Info about Technology, Investing and Success Menu Skip to content. Google ImagesFormer New York Mets and Philadelphia Phillies star Lenny Dykstra has launched a new investment website, a year after being released from jail ISBN 0-385-24253-0. In summary, Lenny Dykstra’s deep-in-the-money call options (leveraged) strategy depends more on pure volatility and favorable market conditions than on skill in timing the movements of the underlying stocks. Click here for a free trial to Nails on the Numbers. We owe it to ourselves to give everything we have to give every single day, in fact, the only true failure is to waste the time we've been given on this Earth. And it's certainly possible that someone who swindled employees into using their credit cards to pay for fuel for his private jets, as Nails allegedly did, could also be an investing genius. 2014 by mysme an episode of American Greed for his misgivings that type of risk is an issue that into! Downside risk in options contracts as well played for the same pinstripe as a Babe Ruth or a Ty.! 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