I have been back picking stocks on TheStreet.com for approximately four and a half months using my deep-in-the-money (DITM) calls strategy. Today, and every Wednesday, we will see exactly how these ideas have done so far. I call this the "Stat Book" and do it for one simple reason: Accountability!

I have revisited several stocks more than once, returning to certain stocks when the market becomes overextended. For example, I bought

Amgen

(AMGN) - Get Report

,

BP

(BP) - Get Report

,

Halliburton

(HAL) - Get Report

and

United Technologies

, scoring multiple wins.

I now have open positions in

Pfizer

(PFE) - Get Report

and

Archer Daniels Midland

(ADM) - Get Report

, where I am looking for a second score. And today's pick, health care giant

Johnson & Johnson

(JNJ) - Get Report

, gives us another opportunity to use this strategy.

In volatile market conditions, the DITM calls strategy can work repeatedly with the same stocks. So a very good practice, and one of the reasons I've been successful, is to learn the ins and outs of approximately 20 stocks. By soaking up as much knowledge as possible about these companies and their stocks, I gain a better understanding of their cycles and can continually turn to them for solid, safe plays. And by broadening my knowledge base, I am able to develop a successful market watchlist of repeat performers.

Back in March, I bought the JNJ July 55 calls twice, and on April 13 I scored a nice double and pocketed $2000 in cash.

Johnson & Johnson is the one stock Warren Buffett doubled down on during the last quarter, so I'm in good company. Check out the

Warren Buffett

page on Stockpickr to see the rest of his top holdings plus recent changes to his portfolio.

Today I will revisit Johnson & Johnson because it presents a solid, safe play. The stock closed Tuesday at $62.42, landing very close to the 21-day, 50-day and 200-day simple moving averages. The financials are the definition of "healthy" and by implementing my DITM strategy and going all the way out to the third week in January I have a tremendous amount of time to cash in and score a solid win. I will place an order to buy 10 contracts of the January 55s (JNJAK) for a price of $8.80 or better.

Now let's see the numbers.

At the time of publication, Dykstra had no positions in stocks mentioned.

Nicknamed "Nails" for his tough style of play during his Major League Baseball career, Lenny Dykstra was an integral member of the powerful Mets of the mid-1980s, including the world champion 1986 squad, and the Phillies in the early 1990s.

Today, Dykstra manages his own stock portfolio and serves as president of several of his privately held companies, including car washes; a partnership with Castrol in "Team Dykstra" Quick Lube Centers; a state-of-the-art ConocoPhillips fueling facility; a real estate development company; and a new venture to develop several "I Sold It on eBay" stores throughout high-demographic areas of Southern California.