FPL Group

(FPL) - Get Report

isn't your basic utilities company; it has all kinds of action going on.

FPL is a holding company for Florida Power & Light, where it provides services to 4.3 million customers. Besides the sale of electric energy, FPL Group provides fiber-optic services to telecommunications companies. I like the diversified group of "earning centers" under one roof, for example: natural gas, wind and nuclear resources.

The stock looks good for a couple points, minimum. With a forward P/E at 12.47 and free cash flow coming in over $1.10 billion, this is a low risk-high reward play, consistent with what has been making us money week after week.

In keeping with our deep-in-the-money strategy, I recommend buying the September $35 calls for $5.80 or better.

FPL has taken a hit from the acquisition of

Constellation Energy

( CEG), which is to be expected, but now should head north. Bottom line: Once again, we are getting involved with a quality company, selling at a discount. We will make money with FPL. Stick with the game plan, stay disciplined, stay focused, and you will continue to make money!

On a related note, everybody who follows my strategy should have already deposited a profit with

last week's play, as

Intel

(INTC) - Get Report

rocketed up more than 60 cents

the very next day

.

Remember -- this is not a buy-and-hold strategy. In baseball, my goal was to "get on base" with singles and doubles (and walks) rather than swinging for the fences in every at bat. The same philosophy applies here.

The Game of Life

The penultimate weekend in college basketball has been completed and the Final Four is set. Favorites have been eliminated, while the most storied program in NCAA history, the UCLA Bruins, is back on center stage. UCLA has produced a bevy of star players, including Lew Alcindor (Kareem Abdul Jabbar) and Bill Walton.

Despite the tremendous accomplishments of its alumni, UCLA is synonymous with John Wooden, aka The Wizard of Westwood. Wooden, now in his 90s, will be in the crowd in Indianapolis, an uncanny symmetry, in that he started his career at Purdue University in Indiana. His obvious coaching genius aside, Wooden is perhaps just as well known for the invaluable life lessons he imparted to his players. Undeniably, Walton is the seeming antithesis of Wooden's image, yet, Walton speaks of Wooden in a reverential tone.

Meanwhile, on relatively obscure stages, state champions were crowned in high school basketball across America this past week. For the vast majority, this represents not only the culmination of an incredible journey, but their basketball careers as well. Nonetheless, being a member of a state championship basketball team is an indelible moment emblazoned in one's resume forever. Certainly, the movie

Hoosiers

epitomized the indescribable feelings experienced by the players, as well as the fans, of the journey to the state championship.

Similarly, across the land, high school coaches, mainly toiling in obscurity, are playing a significant role in the metamorphosis of boys into men. Arguably, the legendary Wooden is incomparable; however, there are countless high school coaches who embrace and emulate his ideals. They are first and foremost, teachers ... mentors, who help shape young people's lives. Typically, they receive a small stipend for their contribution. Nevertheless, they will always be "in the money" in the eyes of those whose lives they have touched.

Remember:

Life is a journey, enjoy the ride!

At the time of publication, Dykstra was long FPL and Intel calls, although holdings can change at any time.

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.