This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

"Nails on the Numbers," a new premium service by Lenny "Nails" Dykstra, will debut here at TheStreet.com later in the second quarter. If you would like to become one of the service's charter members and receive a free trial, please send your email address to dykstra@thestreet.com. Once we get closer to the launch date, we'll let you know when you will receive your first issue and how you can become a subscriber.

For the Pittsburgh Penguins, familiar ground (or ice) must have been a welcome change of pace on Wednesday. After dropping the first two games of the Stanley Cup finals to the Red Wings in Detroit's Joe Louis Arena, the Penguins got on the scoreboard with a 3-2 victory in front of the hometown crowd.

The Penguins are an unbelievable 9-0 at the Igloo in the playoffs this year and have won 17 straight at home. They are 11-0 when scoring first in the quest for the Cup. In addition to notching a win, the Penguins also got themselves back in the series -- they now trail the best-of-seven playoff series 2-1. Climbing out of a 2-0 hole can be really tough, but the Penguins have taken a step in the right direction.

The Penguins also broke a scoring drought that kept them off the scoreboard the first two games of the series and nearly the entire first period of Wednesday's Game 3. However, 20-year-old captain Sidney Crosby scored two times nearly five minutes apart.

Sometimes, the home field advantage is invaluable -- both on and off the field, court or ice. For me, playing on my own turf these days means following the rules and system I have set out for my deep-in-the-money (DITM) picks.

Having the home field advantage isn't always about the crowd or the energy (although that's a part of it). It's also about familiarity and confidence too. Both those factors are key to buying the option at the right price, withstanding some pain if necessary and increasing your positions when the price goes down. You need to know the system is a winner and build the confidence to stick to your guns when a pick hits a rough patch.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AXP $77.85 0.01%
DFS $58.35 -0.44%
MA $90.57 -0.23%
V $65.67 -0.44%
AAPL $125.01 -0.63%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs