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 - Get Report), 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.
If we get filled on the November $22.50 calls at $7.20, we will control 1,000 shares of Maxim common stock all the way until Nov. 17 for an unbelievably low 39 cents of time premium. Nov. 17 is expiration day for these calls, and a day we don't see too often, if you know what I mean. It's all about the dinero, my friends -- the chips, the ammo. I am writing this for one reason: to make you money!Bottom line: People can try and punch holes in my system, try and use "fuzzy math" or forget to compare apples with apples. It doesn't matter, because at the end of the day, the thousands of emails I receive from you awesome people is why I tee it up each week! (P.S., tune in later this week for a review of my picks of the past month.)