"Nails on the Numbers," a new premium service by Lenny "Nails" Dykstra, will debut here at TheStreet.com later in the second quarter. If you would like to become one of the service's charter members and receive a free trial, please send your email address to firstname.lastname@example.org. Once we get closer to the launch date, we'll let you know when you will receive your first issue and how you can become a subscriber.For the Pittsburgh Penguins, familiar ground (or ice) must have been a welcome change of pace on Wednesday. After dropping the first two games of the Stanley Cup finals to the Red Wings in Detroit's Joe Louis Arena, the Penguins got on the scoreboard with a 3-2 victory in front of the hometown crowd. The Penguins are an unbelievable 9-0 at the Igloo in the playoffs this year and have won 17 straight at home. They are 11-0 when scoring first in the quest for the Cup. In addition to notching a win, the Penguins also got themselves back in the series -- they now trail the best-of-seven playoff series 2-1. Climbing out of a 2-0 hole can be really tough, but the Penguins have taken a step in the right direction. The Penguins also broke a scoring drought that kept them off the scoreboard the first two games of the series and nearly the entire first period of Wednesday's Game 3. However, 20-year-old captain Sidney Crosby scored two times nearly five minutes apart. Sometimes, the home field advantage is invaluable -- both on and off the field, court or ice. For me, playing on my own turf these days means following the rules and system I have set out for my deep-in-the-money (DITM) picks. Having the home field advantage isn't always about the crowd or the energy (although that's a part of it). It's also about familiarity and confidence too. Both those factors are key to buying the option at the right price, withstanding some pain if necessary and increasing your positions when the price goes down. You need to know the system is a winner and build the confidence to stick to your guns when a pick hits a rough patch.
If you stray from the system and venture into unfamiliar territory, you may be putting yourself in a tough spot. It's important to be in the best possible position to grab a win. With today's pick, I believe we are. I'm going with American Express ( AXP). The company is major league and an absolute bargain at this price. It closed at $46.15 on Wednesday, which is well below the high-end of its 52-week range, which is $39.50-$65.89. The stock has fallen 29% in the last year, while the S&P is off 9.11%. It has $33 billion in the bank and $10.7 billion in operating cash flow. And, it has heavy-duty institutional support. More than 80% of its shares are owned by institutions. I like American Express ... a lot. It should notch us a win for sure. That's why I am placing an order to buy 10 contracts leaping all the way out until January 2009. I will place a limit order at $17.10 or better for the $30.00 (AXPAF) calls. That should give us plenty of time to lock in a win. Don't forget that if the order is filled, I will place a good-till-cancel (GTC) sell order $1.00 above the fill price. Always Remember: Life is a journey, enjoy the ride! Know What You Own: AXP operates in the credit services industry, and some of the other stocks in its field include Discover Financial Services ( DFS), Mastercard ( MA) and Visa ( V). These stocks closed at $17.16, $286.89 and $81.92, respectively. For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.