Another corporate action that may make it a good pick is the initiation of a bigger stock buyback program. On Monday, DirecTV Group (DTV - Get Report) initiated a $2 billion stock repurchase program to punch up its price in a slumping economy. And Microsoft (MSFT - Get Report), which won for me three times last year, has resumed huge stock buybacks in recent months.
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Lenny Dykstra manages Nails on the Numbers, a subscription service sold by TheStreet.com. Mr. Dykstra is 94-0 in his options picks this year. Click here for a free trial to Nails on the Numbers. Mr. Dykstra writes regularly about options trades for TheStreet.com.