Massey Energy ( MEE) surged Tuesday when an analyst from Stifel Nicolaus upgraded Massey, giving the October $20 (MEEJD) options the push I needed to close out a $3,650 win.

When the bell rang, those people who owned those calls had to be some very happy investors -- just like me!

In addition, during the trading session yesterday morning, shares of Merrill Lynch ( MER) dropped and my GTC buy order for the April 65s filled at the price of $12.30. Later in the afternoon, the stock recovered and my GTC sell order (which is placed $1.00 higher immediately after a position opens) was also filled, adding another single day win to the Stat Book.

Also, the Pfizer ( PFE) December 22.50 (PFELX) calls have been knocking on the door. I would lower the GTC sell price by 10 cents here, to $3.30, which will still earn a nice profit.

Now for today's pick.

The release of the Federal Open Market Committee's minutes yesterday revealed that Committee members unanimously voted in favor of last month's rate cut. With such conviction behind that deep rate cut, the Fed's previous concern over inflation seems to have waned.

Following the release of the minutes, the markets continued their march upward. This happens in spite of countless analysts expressing concerns over an imminent recession.

One company that I believe benefited greatly from the rate cut is Legg Mason ( LM), a world-class asset management company that runs a number of mutual funds. The stock's share price took a big hit with other financial institutions this summer. But Legg Mason appears to have survived the credit crisis in relatively good shape.

The company has $992 billion in assets under management worldwide and is considered very stable because it has a diverse group of products and investment asset classes that provide protection against a market downturn in any particular sector.

The stock closed yesterday at $87.04, and its shares should benefit from strong support at $85. As a result, I will place a limit order to buy 10 May 65 calls (LMEM) for $22.00, or better.

Now, as I do every Wednesday, it's time to roll out the Stat Book and share the results of my articles. Once again, I will remind you of this quote from the king, Warren Buffett: "Be fearful when others are greedy and greedy when others are fearful."


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

Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."