Major league baseball's non-waiver trade deadline is 4 p.m. EDT today, and Carlos Lee and Bobby Abreu have been the biggest names to change teams thus far. With literally hours left until the deadline, there may be a few more deals to be consummated. Any team that considers itself a contender for a postseason berth will seek to add a piece or two that they believe could be the difference-maker.Unlike baseball's general managers, Wall Street traders only have to worry about the closing bell, which, coincidentally (or not), is also at 4 p.m. But even then, there are after-hours trading and overnight opportunities on international exchanges. But timing is definitely a factor if you want to be a contender on Wall Street. It's one thing to pick the right stock to trade; getting the timing right is another crucial element to success. That said, my pick this week is Maxim Integrated Products ( MXIM), a leading designer, developer and manufacturer of linear and mixed-signal integrated circuits. (See more baseball talk further down in the column.) Maxim will report earnings this Friday, and analysts are expecting earnings of 38 cents a share on revenue of $511.59 million, according to Reuters. I expect a solid quarter from the company, whose stock has been hammered this year along with the broader chip sector's decline. Maxim is now ridiculously oversold and at least 30% undervalued at Friday's closing price of $29.31. Maxim has a fair value at $43.50, according to ValueEngine, one of the tools I use to research stocks. According to Thomson/First Call, the stock is covered by 23 Wall Street analysts, with a median price target at $44.50. We could make a lot of money if the stock were to bounce just to the sell side's lowest price target of $34.50. This leads me to our Maxim deep in-the-money call. The November $22.50 strike price will cost us $7.20 to $7.50, which represents a very small price to control 1,000 shares of a stock that should be closer to $40 than to $30. (By the way, the symbol for the November $22.50s is XIQKX.X. Usually the deep-in-the-money call symbol somewhat resembles the stock symbol, but this November $22.50 call represents only one thing: opportunity! Believe it! ) Let's briefly discuss my strategy.