So for "Speculation Friday" Cramer suggested VirnetX Holding (VHC).
Never heard of it? Cramer said that's no surprise since it is a company that does one thing and does it well -- own and protect its intellectual property.
The IP held by the firm, spun out from defense company SAIC (SAI), helps create secure communications over the Internet, which is very important, Cramer said. Right now the company has 20 U.S. and 26 international patents with over 100 more pending.
And they're protected. VirnetX has already sued Microsoft (MSFT) and Apple and will be in court against Cisco (CSCO), Avaya and Siemens (SI) next March for alleged patent infringement in their technology.It is also suing Apple a second time, for patents infringed in making its iPhone5. If VirnetX wins, it could win royalty payments from Apple. That's a big deal, Cramer said. But, as with all spec plays, there are risks. In this case the big risk comes if the company loses its patent lawsuits. "If it loses those cases, the stock could be crushed," Cramer warned. So you have to protect yourself. He suggested using "deep in the money call options" that "give you bang for the buck" on the upside and less risk on the downside, ideally June 26, 2013, $12 call options.